TechTarget CEO Greg Strakosch Sells 5,000 Shares (TTGT)
TechTarget (NASDAQ:TTGT) CEO Greg Strakosch sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $4.96, for a total value of $24,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,242,446 shares in the company, valued at approximately $6,162,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TechTarget (NASDAQ:TTGT) traded down 0.20% on Friday, hitting $4.96. The stock had a trading volume of 20,728 shares. TechTarget has a 52 week low of $4.00 and a 52 week high of $5.95. The stock has a 50-day moving average of $4.69 and a 200-day moving average of $4.55. The company’s market cap is $190.6 million.
TechTarget (NASDAQ:TTGT) last released its earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.01. The company had revenue of $23.10 million for the quarter, compared to the consensus estimate of $23.30 million. During the same quarter last year, the company posted $0.08 earnings per share. TechTarget’s revenue was down 12.5% compared to the same quarter last year. On average, analysts predict that TechTarget will post $0.12 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of TechTarget from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 16th. They now have a $4.30 price target on the stock.
TechTarget, Inc is a provider of specialized online content and brand advertising that brings together buyers and sellers of corporate information technology (NASDAQ:TTGT) products.
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