TechTarget, Inc. (NASDAQ:TTGT) Chairman Greg Strakosch sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $48.68, for a total transaction of $2,920,800.00. Following the transaction, the chairman now owns 222,981 shares of the company’s stock, valued at $10,854,715.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, September 15th, Greg Strakosch sold 60,000 shares of TechTarget stock. The shares were sold at an average price of $40.29, for a total transaction of $2,417,400.00.
  • On Thursday, August 20th, Greg Strakosch sold 13,305 shares of TechTarget stock. The shares were sold at an average price of $39.78, for a total transaction of $529,272.90.

Shares of NASDAQ TTGT opened at $49.56 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 85.45 and a beta of 1.00. TechTarget, Inc. has a 12 month low of $16.82 and a 12 month high of $51.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.28 and a quick ratio of 4.28. The company has a 50-day simple moving average of $42.71 and a 200-day simple moving average of $32.46.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $34.80 million during the quarter, compared to the consensus estimate of $34.00 million. TechTarget had a net margin of 11.90% and a return on equity of 9.86%. On average, analysts anticipate that TechTarget, Inc. will post 0.68 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in TTGT. Creative Financial Designs Inc. ADV purchased a new stake in TechTarget in the second quarter valued at approximately $36,000. Advisor Group Holdings Inc. purchased a new stake in TechTarget in the first quarter valued at approximately $57,000. USA Financial Portformulas Corp purchased a new stake in TechTarget in the third quarter valued at approximately $168,000. Royal Bank of Canada grew its holdings in TechTarget by 276.1% in the first quarter. Royal Bank of Canada now owns 8,835 shares of the information services provider’s stock valued at $183,000 after purchasing an additional 6,486 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in TechTarget by 56.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,199 shares of the information services provider’s stock valued at $190,000 after purchasing an additional 3,320 shares during the period. Hedge funds and other institutional investors own 89.63% of the company’s stock.

Several equities analysts have weighed in on the stock. Raymond James raised their target price on shares of TechTarget from $28.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Zacks Investment Research upgraded shares of TechTarget from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, October 8th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.20.

TechTarget Company Profile

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in North America 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 advertising techniques.

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

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