Insider Selling: TechTarget Inc (TTGT) President Sells 10,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) President Kevin Beam sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $13.78, for a total value of $137,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kevin Beam also recently made the following trade(s):

  • On Monday, December 4th, Kevin Beam sold 5,000 shares of TechTarget stock. The stock was sold at an average price of $13.83, for a total value of $69,150.00.
  • On Friday, December 1st, Kevin Beam sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $13.99, for a total value of $209,850.00.
  • On Thursday, November 16th, Kevin Beam sold 30,000 shares of TechTarget stock. The stock was sold at an average price of $13.10, for a total value of $393,000.00.

TechTarget Inc (NASDAQ:TTGT) traded up $0.20 during trading on Thursday, hitting $13.89. The company had a trading volume of 22,213 shares, compared to its average volume of 45,033. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market cap of $377.53, a P/E ratio of 115.75, a P/E/G ratio of 2.21 and a beta of 1.41. TechTarget Inc has a 52 week low of $8.21 and a 52 week high of $14.33.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Wednesday, November 8th. The information services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $28.01 million for the quarter, compared to the consensus estimate of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. research analysts predict that TechTarget Inc will post 0.2 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of TTGT. First Quadrant L P CA purchased a new stake in TechTarget during the 3rd quarter valued at $115,000. Wells Fargo & Company MN boosted its stake in TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 275 shares during the last quarter. Nationwide Fund Advisors boosted its stake in TechTarget by 12.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 1,418 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in TechTarget by 14.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,754 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 55.84% of the company’s stock.

Several analysts recently weighed in on TTGT shares. Jefferies Group restated a “hold” rating and issued a $11.00 price target on shares of TechTarget in a research note on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target (up previously from $11.00) on shares of TechTarget in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded TechTarget from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.00.

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About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

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