TechTarget Inc (TTGT) Major Shareholder Sells $904,800.00 in Stock

TechTarget Inc (NASDAQ:TTGT) major shareholder Nine Ten Partners Lp sold 60,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $15.08, for a total value of $904,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

TechTarget Inc (NASDAQ:TTGT) traded up $0.19 during trading on Monday, reaching $15.25. The company’s stock had a trading volume of 140,100 shares, compared to its average volume of 63,038. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market cap of $420.86, a PE ratio of 127.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.41. TechTarget Inc has a 12-month low of $8.41 and a 12-month high of $16.14.

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

A number of institutional investors have recently bought and sold shares of TTGT. Wells Fargo & Company MN raised its holdings in TechTarget by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after acquiring an additional 275 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of TechTarget in the 3rd quarter valued at approximately $115,000. Nationwide Fund Advisors grew its stake in shares of TechTarget by 12.6% in 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 period. Goldman Sachs Group Inc. grew its stake in shares of TechTarget by 14.9% in 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 period. Finally, Acadian Asset Management LLC bought a new stake in shares of TechTarget in the 4th quarter valued at approximately $222,000. 55.84% of the stock is owned by hedge funds and other institutional investors.

TTGT has been the subject of several research analyst reports. Jefferies Group reissued a “hold” rating and set a $11.00 price objective on shares of TechTarget in a research report on Thursday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target (up previously from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. Zacks Investment Research cut TechTarget from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, BidaskClub cut TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TechTarget has a consensus rating of “Buy” and a consensus price target of $14.00.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/22/techtarget-inc-ttgt-major-shareholder-sells-904800-00-in-stock.html.

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)

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply