TechTarget (NASDAQ:TTGT) Stock: Insider Daniel Noreck Sells 4,889 Shares

TechTarget, Inc. (NASDAQ:TTGT – Get Free Report) CFO Daniel Noreck sold 4,889 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $3.74, for a total value of $18,284.86. Following the sale, the chief financial officer owned 96,626 shares of the company’s stock, valued at $361,381.24. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TechTarget Trading Down 0.5%

NASDAQ TTGT traded down $0.02 during mid-day trading on Thursday, hitting $3.75. The company’s stock had a trading volume of 289,850 shares, compared to its average volume of 435,748. The firm has a market capitalization of $271.25 million, a P/E ratio of -1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.15 and a quick ratio of 1.15. TechTarget, Inc. has a 52-week low of $3.37 and a 52-week high of $6.70. The stock’s fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $4.17.

TechTarget (NASDAQ:TTGT – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.09). TechTarget had a negative return on equity of 0.62% and a negative net margin of 36.85%.The business had revenue of $116.15 million during the quarter, compared to analyst estimates of $119.55 million.

Institutional Investors Weigh In On TechTarget

A number of large investors have recently added to or reduced their stakes in TTGT. Corient Private Wealth LP acquired a new position in TechTarget in the 2nd quarter worth $48,000. Alpine Global Management LLC acquired a new position in shares of TechTarget in the fourth quarter worth about $93,000. Legato Capital Management LLC grew its stake in TechTarget by 39.7% during the 4th quarter. Legato Capital Management LLC now owns 21,553 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 6,125 shares in the last quarter. Sei Investments Co. grew its stake in TechTarget by 43.8% during the 1st quarter. Sei Investments Co. now owns 36,108 shares of the information services provider’s stock valued at $140,000 after purchasing an additional 10,994 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in TechTarget by 11.0% during the 1st quarter. Cetera Investment Advisers now owns 45,020 shares of the information services provider’s stock worth $175,000 after purchasing an additional 4,452 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Friday, July 17th. Needham & Company LLC dropped their target price on TechTarget from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.00.

Get Our Latest Report on TTGT

About TechTarget

(Get Free Report)

TechTarget, Inc is a business-to-business technology marketing and data company that operates the Informa TechTarget platform. The company helps technology vendors and service providers identify prospective customers, understand their research interests and purchasing activity, and engage with decision-makers throughout the buying process.

Its offerings include high-intent purchase data, account and audience intelligence, digital marketing solutions, demand-generation programs, content creation, lead generation, and research and advisory services.

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