TechTarget Inc (NASDAQ:TTGT) insider Don Hawk sold 15,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $20.97, for a total transaction of $314,550.00. Following the completion of the transaction, the insider now owns 123,494 shares in the company, valued at $2,589,669.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Don Hawk also recently made the following trade(s):
- On Tuesday, June 18th, Don Hawk sold 15,000 shares of TechTarget stock. The shares were sold at an average price of $20.13, for a total transaction of $301,950.00.
- On Thursday, May 9th, Don Hawk sold 15,000 shares of TechTarget stock. The shares were sold at an average price of $19.54, for a total transaction of $293,100.00.
Shares of TTGT stock traded up $0.03 on Wednesday, reaching $21.26. The company had a trading volume of 109,043 shares, compared to its average volume of 161,498. The firm has a market capitalization of $583.65 million, a PE ratio of 47.24 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.66 and a quick ratio of 4.66. TechTarget Inc has a one year low of $11.12 and a one year high of $34.47. The firm has a 50-day simple moving average of $20.36.
TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $29.97 million during the quarter, compared to analysts’ expectations of $29.32 million. TechTarget had a net margin of 11.41% and a return on equity of 10.74%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that TechTarget Inc will post 0.54 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd lifted its holdings in shares of TechTarget by 4.1% in the second quarter. WINTON GROUP Ltd now owns 20,685 shares of the information services provider’s stock worth $440,000 after acquiring an additional 819 shares during the last quarter. Bank of Montreal Can increased its stake in shares of TechTarget by 155.8% in the first quarter. Bank of Montreal Can now owns 1,558 shares of the information services provider’s stock valued at $25,000 after buying an additional 949 shares during the period. Comerica Bank increased its stake in shares of TechTarget by 4.6% in the first quarter. Comerica Bank now owns 21,933 shares of the information services provider’s stock valued at $362,000 after buying an additional 971 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of TechTarget by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 70,160 shares of the information services provider’s stock valued at $1,142,000 after buying an additional 1,000 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of TechTarget by 11.0% in the first quarter. Victory Capital Management Inc. now owns 14,632 shares of the information services provider’s stock valued at $238,000 after buying an additional 1,455 shares during the period. 76.70% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on TTGT. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Craig Hallum dropped their target price on shares of Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. TechTarget currently has a consensus rating of “Buy” and an average target price of $26.00.
TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
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