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Forrester Research (NASDAQ:FORR) CFO Michael A. Doyle sold 5,971 shares of the stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $39.02, for a total transaction of $232,988.42. Following the transaction, the chief financial officer now directly owns 7,009 shares in the company, valued at approximately $273,491. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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% during mid-day trading on Friday, hitting $38.69. The stock had a trading volume of 24,698 shares. Forrester Research has a 1-year low of $32.15 and a 1-year high of $41.36. The stock’s 50-day moving average is $38.13 and its 200-day moving average is $37.06. The company has a market cap of $728.1 million and a P/E ratio of 85.29.

Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, July 30th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.31 earnings per share. Forrester Research’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Forrester Research will post $0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders 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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