TechTarget Inc (TTGT) Insider Greg Strakosch Sells 35,000 Shares

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 35,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.04, for a total value of $561,400.00. Following the completion of the sale, the insider now owns 945,521 shares of the company’s stock, valued at $15,166,156.84. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Thursday, January 18th, Greg Strakosch sold 5,000 shares of TechTarget stock. The shares were sold at an average price of $15.00, for a total value of $75,000.00.
  • On Thursday, January 11th, Greg Strakosch sold 30,000 shares of TechTarget stock. The shares were sold at an average price of $13.95, for a total value of $418,500.00.
  • On Thursday, December 14th, Greg Strakosch sold 328 shares of TechTarget stock. The shares were sold at an average price of $14.00, for a total value of $4,592.00.
  • On Monday, December 11th, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $13.38, for a total value of $334,500.00.
  • On Thursday, November 16th, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $13.16, for a total value of $329,000.00.

Shares of TechTarget Inc (NASDAQ:TTGT) traded up $0.21 during trading on Thursday, hitting $17.20. The stock had a trading volume of 148,900 shares, compared to its average volume of 116,481. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $466.94, a P/E ratio of 71.67, a PEG ratio of 2.07 and a beta of 1.60. TechTarget Inc has a 12 month low of $8.41 and a 12 month high of $17.25.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The company had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.05 million. TechTarget had a return on equity of 5.79% and a net margin of 6.27%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. sell-side analysts expect that TechTarget Inc will post 0.41 earnings per share for the current year.

TTGT has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating and issued a $13.00 price target on shares of TechTarget in a report on Friday, November 10th. Zacks Investment Research upgraded TechTarget from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub downgraded TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price (up from $14.00) on shares of TechTarget in a research note on Friday, January 12th. Finally, Lake Street Capital restated a “buy” rating and set a $18.00 target price (up from $14.00) on shares of TechTarget in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. TechTarget presently has an average rating of “Buy” and an average price target of $16.50.

Several institutional investors have recently made changes to their positions in TTGT. Wells Fargo & Company MN grew its stake in TechTarget by 2.6% in the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock worth $115,000 after purchasing an additional 275 shares in the last quarter. First Quadrant L P CA acquired a new position in TechTarget in the third quarter worth about $115,000. Nationwide Fund Advisors grew its stake in TechTarget by 12.6% in the second quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock worth $131,000 after purchasing an additional 1,418 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in TechTarget in the fourth quarter worth about $137,000. Finally, Ramsey Quantitative Systems acquired a new position in TechTarget in the fourth quarter worth about $161,000. Institutional investors own 55.68% of the company’s stock.

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TechTarget Company Profile

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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