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Forrester Research (NASDAQ:FORR) CFO Michael A. Doyle sold 9,259 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.93, for a total value of $360,452.87. Following the transaction, the chief financial officer now directly owns 7,009 shares of the company’s stock, valued at approximately $272,860. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Separately, analysts at Sidoti initiated coverage on shares of Forrester Research in a research note on Wednesday, July 16th. They set a “buy” rating on the stock.

Forrester Research (NASDAQ:FORR) traded up 2.17% on Friday, hitting $38.69. 24,698 shares of the company’s stock traded hands. Forrester Research has a 52-week low of $32.15 and a 52-week high of $41.36. The stock’s 50-day moving average is $38.09 and its 200-day moving average is $37.05. The company has a market cap of $728.1 million and a P/E ratio of 85.29.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $82.90 million for the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Forrester Research will post $0.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, August 29th.

Forrester Research, Inc (NASDAQ:FORR) is an independent research company.

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