TechTarget, Inc. (NASDAQ:TTGT) major shareholder Nine Ten Partners Lp sold 7,945 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $11.01, for a total transaction of $87,474.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, September 19th, Nine Ten Partners Lp sold 47,945 shares of TechTarget stock. The shares were sold at an average price of $11.04, for a total transaction of $529,312.80.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $26.70 million during the quarter, compared to the consensus estimate of $26.26 million. TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS.

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Several research analysts have recently weighed in on TTGT shares. BidaskClub cut shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine cut shares of TechTarget from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC cut shares of TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a report on Thursday, August 17th. Finally, Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.75.

Hedge funds have recently made changes to their positions in the business. American International Group Inc. increased its stake in TechTarget by 5.6% during the 1st quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock valued at $103,000 after purchasing an additional 602 shares in the last quarter. Wells Fargo & Company MN increased its stake in TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 275 shares in the last quarter. Nationwide Fund Advisors increased its stake in TechTarget by 12.6% during 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 in the last quarter. Goldman Sachs Group Inc. bought a new stake in TechTarget during the 1st quarter valued at $140,000. Finally, Alliancebernstein L.P. increased its stake in TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 56.11% of the company’s stock.

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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