Insider Selling: TechTarget Inc (TTGT) Insider Sells 25,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $15.03, for a total value of $375,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Greg Strakosch also recently made the following trade(s):

  • On Friday, January 25th, Greg Strakosch sold 95,982 shares of TechTarget stock. The stock was sold at an average price of $14.01, for a total value of $1,344,707.82.
  • On Friday, December 7th, Greg Strakosch sold 4,018 shares of TechTarget stock. The stock was sold at an average price of $14.03, for a total value of $56,372.54.
  • On Wednesday, November 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $14.65, for a total value of $366,250.00.

TTGT stock traded down $0.18 on Monday, reaching $15.15. The company’s stock had a trading volume of 207,673 shares, compared to its average volume of 284,795. TechTarget Inc has a 52 week low of $11.12 and a 52 week high of $34.47. The firm has a market capitalization of $429.27 million, a price-to-earnings ratio of 33.67 and a beta of 1.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 3.03.



TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, February 6th. The information services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. TechTarget had a return on equity of 10.06% and a net margin of 10.68%. The business had revenue of $31.82 million during the quarter, compared to analyst estimates of $31.37 million. During the same period in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that TechTarget Inc will post 0.62 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. BidaskClub raised TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine raised TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research lowered TechTarget from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Finally, Lake Street Capital decreased their price objective on TechTarget from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in TechTarget by 86.8% during the 4th quarter. BlackRock Inc. now owns 3,100,548 shares of the information services provider’s stock valued at $37,858,000 after purchasing an additional 1,440,694 shares in the last quarter. Vanguard Group Inc. boosted its stake in TechTarget by 23.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,319,176 shares of the information services provider’s stock valued at $25,618,000 after purchasing an additional 249,739 shares in the last quarter. Vanguard Group Inc boosted its stake in TechTarget by 23.4% during the 3rd quarter. Vanguard Group Inc now owns 1,319,176 shares of the information services provider’s stock valued at $25,618,000 after purchasing an additional 249,739 shares in the last quarter. Renaissance Technologies LLC boosted its stake in TechTarget by 8.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,303,300 shares of the information services provider’s stock valued at $25,310,000 after purchasing an additional 104,500 shares in the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in TechTarget by 59.1% during the 3rd quarter. Ashford Capital Management Inc. now owns 1,090,285 shares of the information services provider’s stock valued at $21,173,000 after purchasing an additional 404,829 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

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TechTarget Company Profile

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 marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

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