TechTarget Inc (NASDAQ:TTGT) insider Don Hawk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $20.13, for a total value of $301,950.00. Following the completion of the transaction, the insider now directly owns 140,532 shares of the company’s stock, valued at approximately $2,828,909.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Don Hawk also recently made the following trade(s):
- On Thursday, May 9th, Don Hawk sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $19.54, for a total value of $293,100.00.
Shares of TTGT stock traded up $0.24 on Friday, reaching $21.39. The stock had a trading volume of 132,727 shares, compared to its average volume of 164,033. The firm has a market cap of $590.28 million, a PE ratio of 47.53 and a beta of 0.85. TechTarget Inc has a 1 year low of $11.12 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.66 and a current ratio of 4.66. The stock’s 50 day simple moving average is $20.25.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. TechTarget had a return on equity of 10.74% and a net margin of 11.41%. The firm had revenue of $29.97 million for the quarter, compared to the consensus estimate of $29.32 million. During the same period last year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that TechTarget Inc will post 0.54 EPS for the current year.
Several research analysts have recently issued reports on the company. BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Craig Hallum cut their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TechTarget presently has an average rating of “Buy” and a consensus price target of $26.00.
Institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd raised its holdings in TechTarget by 4.1% during the second quarter. WINTON GROUP Ltd now owns 20,685 shares of the information services provider’s stock valued at $440,000 after acquiring an additional 819 shares during the period. Cortina Asset Management LLC raised its holdings in TechTarget by 5.7% during the second quarter. Cortina Asset Management LLC now owns 345,787 shares of the information services provider’s stock valued at $7,348,000 after acquiring an additional 18,660 shares during the period. GYL Financial Synergies LLC bought a new stake in TechTarget during the first quarter valued at about $567,000. Marshall Wace North America L.P. bought a new stake in TechTarget during the first quarter valued at about $340,000. Finally, Marshall Wace LLP grew its position in shares of TechTarget by 124.9% during the first quarter. Marshall Wace LLP now owns 554,782 shares of the information services provider’s stock valued at $9,026,000 after purchasing an additional 308,138 shares in the last quarter. 76.63% of the stock is currently owned by institutional investors.
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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