Insider Selling: TechTarget Inc (TTGT) Insider Sells 35,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 35,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.04, for a total transaction of $561,400.00. Following the completion of the sale, the insider now owns 945,521 shares of the company’s stock, valued at approximately $15,166,156.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Greg Strakosch also recently made the following trade(s):

  • On Thursday, January 18th, Greg Strakosch sold 5,000 shares of TechTarget stock. The stock was sold at an average price of $15.00, for a total transaction of $75,000.00.
  • On Thursday, January 11th, Greg Strakosch sold 30,000 shares of TechTarget stock. The stock was sold at an average price of $13.95, for a total transaction of $418,500.00.
  • On Thursday, December 14th, Greg Strakosch sold 328 shares of TechTarget stock. The stock was sold at an average price of $14.00, for a total transaction of $4,592.00.
  • On Monday, December 11th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $13.38, for a total transaction of $334,500.00.
  • On Thursday, November 16th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $13.16, for a total transaction of $329,000.00.

TechTarget Inc (NASDAQ:TTGT) traded up $0.21 during trading hours on Wednesday, hitting $17.20. 148,969 shares of the company were exchanged, compared to its average volume of 118,534. 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 $450.17, a PE ratio of 68.25, a P/E/G ratio of 2.00 and a beta of 1.60. TechTarget Inc has a 1 year low of $8.41 and a 1 year high of $17.25.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $30.05 million. TechTarget had a net margin of 6.27% and a return on equity of 5.79%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. equities analysts predict that TechTarget Inc will post 0.41 earnings per share for the current year.

A number of analysts have recently issued reports on TTGT shares. Jefferies Group restated a “hold” rating and set a $13.00 price target on shares of TechTarget in a report on Friday, November 10th. Zacks Investment Research upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. 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 report on Friday, January 12th. Finally, Lake Street Capital restated a “buy” rating and set a $18.00 price target (up previously from $14.00) on shares of TechTarget in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.50.

Several large investors have recently bought and sold shares of TTGT. Bank of New York Mellon Corp boosted its position in shares of TechTarget by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,567 shares of the information services provider’s stock worth $825,000 after purchasing an additional 4,410 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TechTarget by 457.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,266 shares of the information services provider’s stock worth $625,000 after purchasing an additional 49,452 shares during the period. Wells Fargo & Company MN boosted its position in shares of TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock worth $115,000 after purchasing an additional 275 shares during the period. Alliancebernstein L.P. boosted its position in shares of TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock worth $225,000 after purchasing an additional 100 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of TechTarget by 15.1% during the 2nd quarter. Teachers Advisors LLC now owns 32,490 shares of the information services provider’s stock worth $337,000 after purchasing an additional 4,254 shares during the period. 55.68% of the stock is owned by hedge funds and other institutional investors.

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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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