TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 25,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $18.76, for a total value of $469,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of TechTarget Inc (NASDAQ TTGT) traded up $0.26 during mid-day trading on Friday, reaching $19.25. The company had a trading volume of 382,621 shares, compared to its average volume of 186,456. The stock has a market cap of $521.91, a price-to-earnings ratio of 80.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.82 and a quick ratio of 2.53. TechTarget Inc has a one year low of $8.75 and a one year high of $19.46.
TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, February 7th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.05 million. TechTarget had a return on equity of 5.77% and a net margin of 6.27%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. equities analysts predict that TechTarget Inc will post 0.43 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in TechTarget in the 4th quarter worth $137,000. Millennium Management LLC raised its stake in TechTarget by 325.0% in the 4th quarter. Millennium Management LLC now owns 127,801 shares of the information services provider’s stock worth $1,779,000 after acquiring an additional 97,731 shares during the last quarter. 1492 Capital Management LLC purchased a new position in TechTarget in the 4th quarter worth $166,000. Cornerstone Capital Management Holdings LLC. raised its stake in TechTarget by 250.8% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 22,100 shares of the information services provider’s stock worth $306,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of TechTarget during the 4th quarter valued at about $232,000. Institutional investors own 56.25% of the company’s stock.
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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.
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