Insider Selling: Forrester Research, Inc. (FORR) Director Sells 5,312 Shares of Stock
Forrester Research, Inc. (NASDAQ:FORR) Director Michael Welles sold 5,312 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $40.00, for a total transaction of $212,480.00. Following the completion of the transaction, the director now directly owns 21,136 shares of the company’s stock, valued at approximately $845,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael Welles also recently made the following trade(s):
- On Wednesday, July 5th, Michael Welles sold 2,300 shares of Forrester Research stock. The stock was sold at an average price of $40.00, for a total transaction of $92,000.00.
Shares of Forrester Research, Inc. (NASDAQ:FORR) traded up 0.88% during mid-day trading on Tuesday, reaching $40.00. 31,649 shares of the company’s stock traded hands. Forrester Research, Inc. has a 12 month low of $34.95 and a 12 month high of $44.40. The firm has a 50 day moving average price of $39.13 and a 200-day moving average price of $39.79. The stock has a market cap of $709.52 million, a PE ratio of 37.91 and a beta of 0.41.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, April 26th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $76.38 million. Forrester Research had a net margin of 5.95% and a return on equity of 13.85%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, analysts predict that Forrester Research, Inc. will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, June 5th. Forrester Research’s payout ratio is presently 72.38%.
Separately, Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th.
Several institutional investors have recently modified their holdings of FORR. Norges Bank bought a new position in Forrester Research during the fourth quarter worth about $10,997,000. Vanguard Group Inc. boosted its position in Forrester Research by 4.0% in the first quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after buying an additional 35,510 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Forrester Research by 16.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 239,637 shares of the technology company’s stock worth $9,526,000 after buying an additional 34,540 shares in the last quarter. Guggenheim Capital LLC bought a new position in Forrester Research during the fourth quarter worth about $1,007,000. Finally, Wellington Management Group LLP boosted its position in Forrester Research by 1.2% in the first quarter. Wellington Management Group LLP now owns 1,993,642 shares of the technology company’s stock worth $79,247,000 after buying an additional 23,280 shares in the last quarter. Institutional investors own 53.61% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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