TechTarget Inc. (TTGT) Sees Large Volume Increase
Shares of TechTarget Inc. (NASDAQ:TTGT) saw strong trading volume on Wednesday . 708,990 shares traded hands during trading, an increase of 578% from the previous session’s volume of 104,569 shares.The stock last traded at $7.97 and had previously closed at $8.00.
Several equities analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of TechTarget in a research report on Monday, June 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research report on Monday, June 27th.
The company’s 50 day moving average price is $8.14 and its 200 day moving average price is $7.68. The company has a market capitalization of $256.44 million and a P/E ratio of 39.36.
In other news, insider Jay C. Hoag sold 2,250,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $8.25, for a total transaction of $18,562,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay C. Hoag sold 3,379,249 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $7.75, for a total value of $26,189,179.75. The disclosure for this sale can be found here.
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.