TechTarget Inc (NASDAQ:TTGT) Director Sells $832,370.00 in Stock

TechTarget Inc (NASDAQ:TTGT) Director Roger M. Marino sold 32,200 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.85, for a total transaction of $832,370.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of TTGT traded down $0.55 during mid-day trading on Wednesday, hitting $25.25. The company had a trading volume of 157,300 shares, compared to its average volume of 208,097. The business’s 50-day simple moving average is $26.07 and its 200-day simple moving average is $23.08. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 0.34. TechTarget Inc has a 1-year low of $11.12 and a 1-year high of $30.00. The stock has a market cap of $742.67 million, a PE ratio of 56.11 and a beta of 0.75.

TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, November 6th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. TechTarget had a net margin of 11.73% and a return on equity of 9.55%. The business had revenue of $33.81 million for the quarter, compared to analysts’ expectations of $33.60 million. On average, sell-side analysts expect that TechTarget Inc will post 0.69 earnings per share for the current year.

Several equities research analysts have issued reports on TTGT shares. BidaskClub cut shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. ValuEngine cut shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Lake Street Capital raised their price target on shares of TechTarget from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTGT. Charles Schwab Investment Management Inc. lifted its position in TechTarget by 19.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 56,340 shares of the information services provider’s stock valued at $1,198,000 after buying an additional 9,230 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of TechTarget by 7.1% during the third quarter. Mason Street Advisors LLC now owns 7,793 shares of the information services provider’s stock valued at $176,000 after purchasing an additional 516 shares during the period. Earnest Partners LLC raised its stake in shares of TechTarget by 40.2% during the second quarter. Earnest Partners LLC now owns 351,056 shares of the information services provider’s stock valued at $7,460,000 after purchasing an additional 100,576 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of TechTarget during the second quarter valued at approximately $634,000. Finally, Comerica Bank raised its stake in shares of TechTarget by 5.3% during the third quarter. Comerica Bank now owns 21,455 shares of the information services provider’s stock valued at $498,000 after purchasing an additional 1,078 shares during the period. 73.76% of the stock is currently owned by institutional investors and hedge funds.

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 advertising techniques.

Further Reading: What is FinTech?

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

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.