TechTarget, Inc. (NASDAQ:TTGT – Get Free Report) CFO Daniel Noreck sold 5,633 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $3.85, for a total transaction of $21,687.05. Following the sale, the chief financial officer directly owned 85,480 shares of the company’s stock, valued at approximately $329,098. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
TechTarget Stock Performance
Shares of TTGT stock opened at $3.88 on Thursday. TechTarget, Inc. has a 12 month low of $3.37 and a 12 month high of $7.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $280.64 million, a P/E ratio of -1.58 and a beta of 1.12. The company’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $4.25.
TechTarget (NASDAQ:TTGT – Get Free Report) last announced its earnings results on Thursday, August 6th. The information services provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.09). TechTarget had a negative net margin of 36.85% and a negative return on equity of 0.62%. The business had revenue of $116.15 million for the quarter, compared to analyst estimates of $119.55 million.
Hedge Funds Weigh In On TechTarget
Analysts Set New Price Targets
Several equities research analysts have issued reports on TTGT shares. Needham & Company LLC dropped their price objective on TechTarget from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.00.
View Our Latest Stock Report on TTGT
About TechTarget
TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.
The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.
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