TechTarget Inc (TTGT) President Kevin Beam Sells 10,000 Shares

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TechTarget Inc (NASDAQ:TTGT) President Kevin Beam sold 10,000 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $27.99, for a total value of $279,900.00. Following the sale, the president now owns 381,808 shares of the company’s stock, valued at $10,686,805.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kevin Beam also recently made the following trade(s):

  • On Wednesday, May 2nd, Kevin Beam sold 10,000 shares of TechTarget stock. The stock was sold at an average price of $20.56, for a total value of $205,600.00.

Shares of TechTarget traded up $0.80, reaching $31.04, during trading hours on Friday, according to Marketbeat.com. The stock had a trading volume of 6,894 shares, compared to its average volume of 475,417. TechTarget Inc has a 12 month low of $9.11 and a 12 month high of $30.18. The stock has a market capitalization of $798.52 million, a price-to-earnings ratio of 125.33, a PEG ratio of 3.16 and a beta of 1.43. 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 announced its quarterly earnings results on Wednesday, May 9th. The information services provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. TechTarget had a return on equity of 7.47% and a net margin of 7.95%. The company had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $26.40 million. The firm’s revenue was up 15.8% compared to the same quarter last year. equities analysts forecast that TechTarget Inc will post 0.46 EPS for the current year.

TTGT has been the subject of several recent analyst reports. Craig Hallum set a $25.00 target price on TechTarget and gave the stock a “buy” rating in a research note on Thursday, May 10th. Needham & Company LLC increased their price target on TechTarget from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 10th. Zacks Investment Research upgraded TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, May 16th. ValuEngine upgraded TechTarget from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Lake Street Capital set a $23.00 price target on TechTarget and gave the company a “buy” rating in a research note on Friday, May 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.40.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in TechTarget by 30.4% during the 1st quarter. BlackRock Inc. now owns 1,267,958 shares of the information services provider’s stock worth $25,207,000 after purchasing an additional 295,581 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TechTarget by 23.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 825,252 shares of the information services provider’s stock worth $16,406,000 after purchasing an additional 154,516 shares during the last quarter. Next Century Growth Investors LLC raised its position in TechTarget by 85.2% during the 1st quarter. Next Century Growth Investors LLC now owns 749,205 shares of the information services provider’s stock worth $14,894,000 after purchasing an additional 344,697 shares during the last quarter. Renaissance Technologies LLC raised its position in TechTarget by 4.8% during the 4th quarter. Renaissance Technologies LLC now owns 571,453 shares of the information services provider’s stock worth $7,955,000 after purchasing an additional 26,283 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in TechTarget by 4.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,790 shares of the information services provider’s stock worth $1,835,000 after purchasing an additional 5,364 shares during the last quarter. Institutional investors own 57.19% 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.

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

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