TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 25,000 shares of TechTarget stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $23.67, for a total value of $591,750.00. Following the transaction, the chief executive officer now owns 108,810 shares in the company, valued at approximately $2,575,532.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Michael Cotoia also recently made the following trade(s):
- On Wednesday, August 29th, Michael Cotoia sold 22,352 shares of TechTarget stock. The shares were sold at an average price of $24.36, for a total value of $544,494.72.
NASDAQ TTGT traded down $0.25 on Thursday, reaching $22.41. The stock had a trading volume of 20,374 shares, compared to its average volume of 606,753. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.09 and a quick ratio of 3.09. TechTarget Inc has a 1 year low of $9.97 and a 1 year high of $34.47. The company has a market capitalization of $661.66 million, a P/E ratio of 94.67, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05.
TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, August 8th. The information services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. TechTarget had a return on equity of 9.77% and a net margin of 10.24%. The firm had revenue of $31.47 million for the quarter, compared to the consensus estimate of $30.81 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. equities analysts anticipate that TechTarget Inc will post 0.5 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of TTGT. BlackRock Inc. lifted its position in shares of TechTarget by 44.0% in the second quarter. BlackRock Inc. now owns 1,825,752 shares of the information services provider’s stock worth $51,851,000 after buying an additional 557,794 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of TechTarget by 42.2% in the second quarter. Renaissance Technologies LLC now owns 1,198,800 shares of the information services provider’s stock worth $34,046,000 after buying an additional 355,800 shares during the last quarter. Next Century Growth Investors LLC lifted its position in shares of TechTarget by 85.2% in the first quarter. Next Century Growth Investors LLC now owns 749,205 shares of the information services provider’s stock worth $14,894,000 after buying an additional 344,697 shares during the last quarter. Ashford Capital Management Inc. lifted its position in shares of TechTarget by 84.8% in the second quarter. Ashford Capital Management Inc. now owns 685,456 shares of the information services provider’s stock worth $19,467,000 after buying an additional 314,453 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of TechTarget by 146.9% in the second quarter. Acadian Asset Management LLC now owns 392,747 shares of the information services provider’s stock worth $11,154,000 after buying an additional 233,663 shares during the last quarter. Hedge funds and other institutional investors own 59.09% of the company’s stock.
TTGT has been the topic of a number of recent research reports. Needham & Company LLC boosted their target price on TechTarget from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 10th. Craig Hallum set a $25.00 target price on TechTarget and gave the company a “buy” rating in a research note on Thursday, May 10th. Lake Street Capital set a $23.00 target price on TechTarget and gave the company a “buy” rating in a research note on Friday, May 11th. Zacks Investment Research upgraded TechTarget from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, May 16th. Finally, BidaskClub downgraded TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.80.
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.
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