Perfecto Sanchez Sells 1,865 Shares of TechTarget (NASDAQ:TTGT) Stock

TechTarget, Inc. (NASDAQ:TTGT) Director Perfecto Sanchez sold 1,865 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.81, for a total transaction of $10,835.65. Following the sale, the director owned 15,129 shares in the company, valued at approximately $87,899.49. This represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TechTarget Price Performance

Shares of TechTarget stock traded down $0.32 during trading hours on Monday, reaching $5.20. The stock had a trading volume of 335,351 shares, compared to its average volume of 441,750. The stock’s 50 day moving average is $5.38 and its 200 day moving average is $6.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. TechTarget, Inc. has a twelve month low of $4.63 and a twelve month high of $21.48. The firm has a market capitalization of $375.23 million, a PE ratio of -3.01 and a beta of 0.91.

Hedge Funds Weigh In On TechTarget

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in TechTarget by 103.5% during the third quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock worth $33,000 after buying an additional 2,877 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of TechTarget by 4,513.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,029 shares of the information services provider’s stock worth $39,000 after acquiring an additional 4,920 shares during the last quarter. CWM LLC raised its holdings in shares of TechTarget by 904.0% during the 2nd quarter. CWM LLC now owns 5,221 shares of the information services provider’s stock worth $41,000 after acquiring an additional 4,701 shares during the period. Inscription Capital LLC purchased a new position in shares of TechTarget during the 3rd quarter worth $74,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TechTarget during the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTGT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of TechTarget in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.25.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.