Insider Selling: Forrester Research, Inc. (NASDAQ:FORR) Insider Sells $71,122.70 in Stock

Forrester Research, Inc. (NASDAQ:FORR) insider Ryan Darrah sold 3,895 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $18.26, for a total value of $71,122.70. Following the completion of the sale, the insider now owns 19,640 shares in the company, valued at approximately $358,626.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Darrah also recently made the following trade(s):

• On Friday, August 2nd, Ryan Darrah sold 761 shares of Forrester Research stock. The stock was sold at an average price of $19.07, for a total value of $14,512.27.

Forrester Research Price Performance

FORR opened at $18.02 on Thursday. Forrester Research, Inc. has a 12-month low of $16.14 and a 12-month high of $32.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $17.69 and its 200-day simple moving average is $19.54. The company has a market capitalization of $344.31 million, a price-to-earnings ratio of 600.67, a PEG ratio of 1.40 and a beta of 0.91.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds and other institutional investors have recently made changes to their positions in FORR. Vanguard Group Inc. grew its position in shares of Forrester Research by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after buying an additional 7,316 shares in the last quarter. SG Americas Securities LLC boosted its position in Forrester Research by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock valued at $117,000 after purchasing an additional 753 shares in the last quarter. Cornercap Investment Counsel Inc. boosted its position in Forrester Research by 31.5% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 38,518 shares of the technology company’s stock valued at $1,033,000 after purchasing an additional 9,237 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Forrester Research by 2.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock valued at $682,000 after purchasing an additional 593 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Forrester Research by 18.9% during the fourth quarter. M&T Bank Corp now owns 68,482 shares of the technology company’s stock valued at $1,836,000 after purchasing an additional 10,909 shares in the last quarter. Institutional investors own 55.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

About Forrester Research

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.