TechTarget Inc (TTGT) Insider Greg Strakosch Sells 25,000 Shares

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 25,000 shares of TechTarget stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $30.95, for a total value of $773,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, June 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $29.13, for a total value of $728,250.00.
  • On Thursday, June 7th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $27.41, for a total value of $685,250.00.
  • On Monday, May 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $24.42, for a total value of $610,500.00.
  • On Monday, May 7th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $21.11, for a total value of $527,750.00.
  • On Monday, April 23rd, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $20.28, for a total value of $507,000.00.

Shares of TechTarget traded up $0.46, hitting $30.19, during midday trading on Wednesday, according to Marketbeat.com. 614,231 shares of the stock traded hands, compared to its average volume of 274,766. The company has a market cap of $858.19 million, a price-to-earnings ratio of 125.88, a P/E/G ratio of 3.39 and a beta of 1.43. TechTarget Inc has a one year low of $9.11 and a one year high of $31.57. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.16.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, May 9th. The information services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The firm had revenue of $27.30 million during the quarter, compared to the consensus estimate of $26.40 million. TechTarget had a return on equity of 7.47% and a net margin of 7.95%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. equities research analysts anticipate that TechTarget Inc will post 0.46 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in TechTarget during the fourth quarter worth $137,000. 1492 Capital Management LLC bought a new stake in TechTarget during the fourth quarter worth $166,000. Jefferies Group LLC bought a new stake in TechTarget during the fourth quarter worth $185,000. Stone Ridge Asset Management LLC bought a new stake in TechTarget during the fourth quarter worth $232,000. Finally, PNC Financial Services Group Inc. bought a new stake in TechTarget during the first quarter worth $248,000. Institutional investors and hedge funds own 57.19% of the company’s stock.

A number of brokerages have weighed in on TTGT. Lake Street Capital set a $23.00 target price on TechTarget and gave the stock a “buy” rating in a report on Friday, May 11th. Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Needham & Company LLC boosted their price objective on TechTarget from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 11th. ValuEngine upgraded TechTarget from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Craig Hallum set a $25.00 price objective on TechTarget and gave the company a “buy” rating in a report on Thursday, May 10th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.40.

About TechTarget

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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

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