Insider Selling: TechTarget COO Sells 1,950 Shares of Stock (TTGT)
TechTarget (NASDAQ:TTGT) COO Michael Cotoia unloaded 1,950 shares of the company’s stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $6.98, for a total transaction of $13,611.00. Following the sale, the chief operating officer now directly owns 238,584 shares of the company’s stock, valued at approximately $1,665,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Benchmark Co. raised their price target on shares of TechTarget from $5.50 to $6.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock.
Shares of TechTarget (NASDAQ:TTGT) traded down 0.57% on Tuesday, hitting $6.92. The stock had a trading volume of 8,230 shares. TechTarget has a 52-week low of $4.00 and a 52-week high of $7.26. The stock has a 50-day moving average of $6. and a 200-day moving average of $5.. The company’s market cap is $219.5 million.
TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.04 million. Analysts expect that TechTarget will post $0.09 EPS for the current fiscal year.
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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