TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $28.69, for a total value of $717,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, July 23rd, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $32.44, for a total value of $811,000.00.
  • On Monday, July 9th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $30.95, for a total value of $773,750.00.
  • 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.

Shares of TTGT opened at $24.43 on Friday. The stock has a market capitalization of $794.67 million, a P/E ratio of 102.08, a P/E/G ratio of 3.14 and a beta of 1.29. TechTarget Inc has a 12-month low of $9.11 and a 12-month high of $34.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.12 and a current ratio of 3.12.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $31.47 million for the quarter, compared to analyst estimates of $30.81 million. TechTarget had a net margin of 7.95% and a return on equity of 7.47%. TechTarget’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. analysts expect that TechTarget Inc will post 0.46 earnings per share for the current year.

Several research analysts have recently commented on the company. Craig Hallum lowered TechTarget from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a report on Thursday. They noted that the move was a valuation call. BidaskClub lowered TechTarget from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Lake Street Capital set a $23.00 price target on TechTarget and gave the stock a “buy” rating in a report on Friday, May 11th. Finally, Needham & Company LLC lifted their price target on TechTarget from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $23.80.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA raised its holdings in TechTarget by 307.0% in the 2nd quarter. Federated Investors Inc. PA now owns 4,550 shares of the information services provider’s stock valued at $130,000 after buying an additional 3,432 shares during the period. Bank of New York Mellon Corp raised its holdings in TechTarget by 9.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,835 shares of the information services provider’s stock valued at $2,410,000 after buying an additional 7,600 shares during the period. MetLife Investment Advisors LLC purchased a new stake in TechTarget in the 4th quarter valued at about $137,000. Schwab Charles Investment Management Inc. raised its holdings in TechTarget by 34.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 42,700 shares of the information services provider’s stock valued at $849,000 after buying an additional 11,000 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in TechTarget in the 2nd quarter valued at about $312,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

TechTarget Company Profile

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.

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

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