Insider Selling: Forrester Research CFO Sells 3,131 Shares of Stock (FORR)
Forrester Research (NASDAQ:FORR) CFO Michael A. Doyle unloaded 3,131 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $38.76, for a total value of $121,357.56. Following the transaction, the chief financial officer now directly owns 7,009 shares in the company, valued at approximately $271,669. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Forrester Research (NASDAQ:FORR) traded up 2.17% on Friday, hitting $38.69. The stock had a trading volume of 24,698 shares. Forrester Research has a 52-week low of $32.15 and a 52-week high of $41.36. The stock has a 50-day moving average of $38.13 and a 200-day moving average of $37.06. The company has a market cap of $728.1 million and a price-to-earnings ratio of 85.29.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data 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. 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.
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, Inc (NASDAQ:FORR) is an independent research company.
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