TechTarget Inc (TTGT) Major Shareholder Nine Ten Partners Lp Sells 20,000 Shares

TechTarget Inc (NASDAQ:TTGT) major shareholder Nine Ten Partners Lp sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $15.36, for a total value of $307,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Nine Ten Partners Lp also recently made the following trade(s):

  • On Monday, January 22nd, Nine Ten Partners Lp sold 12,340 shares of TechTarget stock. The shares were sold at an average price of $15.21, for a total value of $187,691.40.
  • On Friday, January 19th, Nine Ten Partners Lp sold 60,000 shares of TechTarget stock. The shares were sold at an average price of $15.08, for a total value of $904,800.00.

TechTarget Inc (NASDAQ TTGT) remained flat at $$15.50 on Monday. 24,534 shares of the stock were exchanged, compared to its average volume of 98,007. TechTarget Inc has a 12 month low of $8.41 and a 12 month high of $16.14. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $427.76, a PE ratio of 129.17, a price-to-earnings-growth ratio of 2.50 and a beta of 1.41.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TTGT. Punch & Associates Investment Management Inc. grew its stake in shares of TechTarget by 1.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 994,882 shares of the information services provider’s stock worth $10,317,000 after acquiring an additional 11,735 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of TechTarget by 2.3% in the second quarter. Vanguard Group Inc. now owns 653,060 shares of the information services provider’s stock valued at $6,772,000 after buying an additional 14,583 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TechTarget by 5.1% in the third quarter. Dimensional Fund Advisors LP now owns 652,467 shares of the information services provider’s stock valued at $7,791,000 after buying an additional 31,696 shares in the last quarter. State Street Corp lifted its stake in shares of TechTarget by 9.2% in the second quarter. State Street Corp now owns 251,464 shares of the information services provider’s stock valued at $2,609,000 after buying an additional 21,093 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of TechTarget by 19.8% in the second quarter. Northern Trust Corp now owns 229,832 shares of the information services provider’s stock valued at $2,384,000 after buying an additional 38,028 shares in the last quarter. Institutional investors own 55.90% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub lowered TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $17.00 price target (up previously from $14.00) on shares of TechTarget in a research note on Friday, January 12th. Finally, Jefferies Group restated a “hold” rating and set a $13.00 price target on shares of TechTarget in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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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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