TechTarget, Inc. (TTGT) President Sells $69,150.00 in Stock
TechTarget, Inc. (NASDAQ:TTGT) President Kevin Beam sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $13.83, for a total transaction of $69,150.00. Following the sale, the president now owns 461,808 shares in the company, valued at $6,386,804.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Kevin Beam also recently made the following trade(s):
- On Friday, December 1st, Kevin Beam sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $13.99, for a total transaction of $209,850.00.
- On Thursday, November 16th, Kevin Beam sold 30,000 shares of TechTarget stock. The stock was sold at an average price of $13.10, for a total transaction of $393,000.00.
TechTarget, Inc. (NASDAQ:TTGT) traded up $0.29 during trading on Tuesday, hitting $14.03. 88,789 shares of the company traded hands, compared to its average volume of 44,332. TechTarget, Inc. has a 1-year low of $7.97 and a 1-year high of $14.16. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $389.50, a price-to-earnings ratio of 116.50, a PEG ratio of 3.50 and a beta of 1.41.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The business had revenue of $28.01 million for the quarter, compared to analyst estimates of $28.34 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. research analysts forecast that TechTarget, Inc. will post 0.2 earnings per share for the current fiscal year.
Several brokerages have commented on TTGT. Zacks Investment Research lowered shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Jefferies Group lowered shares of TechTarget from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research report on Thursday, August 17th. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of TechTarget from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective (up from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. TechTarget presently has a consensus rating of “Hold” and an average price target of $12.00.
Several institutional investors have recently added to or reduced their stakes in TTGT. TIAA FSB purchased a new stake in shares of TechTarget in the 2nd quarter worth about $2,842,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of TechTarget in the 3rd quarter worth about $979,000. EAM Investors LLC purchased a new stake in shares of TechTarget in the 3rd quarter worth about $669,000. Zacks Investment Management purchased a new stake in shares of TechTarget in the 2nd quarter worth about $545,000. Finally, JPMorgan Chase & Co. boosted its position in shares of TechTarget by 457.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 60,266 shares of the information services provider’s stock worth $625,000 after buying an additional 49,452 shares in the last quarter. Institutional investors and hedge funds own 55.84% of the company’s stock.
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TechTarget Company Profile
TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.
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