TechTarget COO Sells $103,320 in Stock (TTGT)
TechTarget (NASDAQ:TTGT) COO Michael Cotoia sold 12,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $8.61, for a total transaction of $103,320.00. Following the sale, the chief operating officer now directly owns 156,757 shares of the company’s stock, valued at approximately $1,349,678. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TechTarget (NASDAQ:TTGT) traded down 0.46% on Thursday, hitting $8.57. The stock had a trading volume of 7,359 shares. TechTarget has a one year low of $4.32 and a one year high of $9.11. The stock’s 50-day moving average is $8.20 and its 200-day moving average is $7.5. The company has a market cap of $283.2 million and a P/E ratio of 165.58.
TechTarget (NASDAQ:TTGT) last announced its earnings results on Tuesday, August 5th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $26.10 million for the quarter, compared to the consensus estimate of $25.44 million. During the same quarter last year, the company posted $0.03 earnings per share. TechTarget’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that TechTarget will post $0.24 EPS for the current fiscal year.
A number of analysts have recently weighed in on TTGT shares. Analysts at Needham & Company LLC raised their price target on shares of TechTarget from $11.00 to $12.00 in a research note on Wednesday, August 6th. Separately, analysts at Craig Hallum initiated coverage on shares of TechTarget in a research note on Monday, July 7th. They set a “buy” rating and a $12.50 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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