Insider Selling: Forrester Research, Inc. (NASDAQ:FORR) Director Sells 5,312 Shares of Stock
Forrester Research, Inc. (NASDAQ:FORR) Director Michael Welles sold 5,312 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $40.00, for a total value of $212,480.00. Following the sale, the director now directly owns 21,136 shares of the company’s stock, valued at $845,440. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Michael Welles also recently made the following trade(s):
- On Wednesday, July 12th, Michael Welles sold 12,388 shares of Forrester Research stock. The stock was sold at an average price of $40.53, for a total value of $502,085.64.
- On Wednesday, July 5th, Michael Welles sold 2,300 shares of Forrester Research stock. The stock was sold at an average price of $40.00, for a total value of $92,000.00.
Shares of Forrester Research, Inc. (NASDAQ:FORR) traded down 0.74% on Friday, reaching $40.40. The company’s stock had a trading volume of 29,580 shares. The company has a market capitalization of $716.62 million, a price-to-earnings ratio of 41.22 and a beta of 0.42. Forrester Research, Inc. has a 12-month low of $34.95 and a 12-month high of $44.40. The company’s 50-day moving average is $39.97 and its 200 day moving average is $39.37.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The business had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Forrester Research’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts anticipate that Forrester Research, Inc. will post $1.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.88%. Forrester Research’s dividend payout ratio is presently 77.55%.
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Several institutional investors have recently made changes to their positions in FORR. Martingale Asset Management L P raised its position in shares of Forrester Research by 67.0% in the first quarter. Martingale Asset Management L P now owns 17,204 shares of the technology company’s stock valued at $684,000 after buying an additional 6,904 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Forrester Research during the fourth quarter valued at $749,000. Norges Bank acquired a new position in shares of Forrester Research during the fourth quarter valued at $10,997,000. State Street Corp raised its position in shares of Forrester Research by 8.0% in the fourth quarter. State Street Corp now owns 236,133 shares of the technology company’s stock valued at $10,142,000 after buying an additional 17,441 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of Forrester Research during the fourth quarter valued at $1,007,000. Hedge funds and other institutional investors own 53.34% of the company’s stock.
Several research firms have recently weighed in on FORR. BidaskClub downgraded Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research downgraded Forrester Research from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
About Forrester Research
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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