TechTarget, Inc. (NASDAQ:TTGT) major shareholder Nine Ten Partners Lp sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $11.51, for a total value of $460,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Nine Ten Partners Lp also recently made the following trade(s):

  • On Monday, September 18th, Nine Ten Partners Lp sold 7,945 shares of TechTarget stock. The shares were sold at an average price of $11.01, for a total value of $87,474.45.
  • On Tuesday, September 19th, Nine Ten Partners Lp sold 47,945 shares of TechTarget stock. The shares were sold at an average price of $11.04, for a total value of $529,312.80.

TechTarget, Inc. (TTGT) opened at 11.83 on Friday. TechTarget, Inc. has a 12 month low of $7.85 and a 12 month high of $11.98. The firm has a market capitalization of $324.15 million, a price-to-earnings ratio of 231.96 and a beta of 1.44. The firm has a 50 day moving average price of $10.02 and a 200-day moving average price of $9.55.

TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $26.26 million. TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, equities analysts forecast that TechTarget, Inc. will post $0.38 EPS for the current year.

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A number of equities analysts have issued reports on the company. BidaskClub lowered TechTarget from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, August 19th. Jefferies Group LLC lowered TechTarget from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research report on Thursday, August 17th. ValuEngine raised TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. TechTarget has an average rating of “Hold” and a consensus target price of $10.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTGT. American International Group Inc. grew its holdings in TechTarget by 5.6% in the 1st quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock valued at $103,000 after buying an additional 602 shares during the last quarter. Wells Fargo & Company MN grew its holdings in TechTarget by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after buying an additional 275 shares during the last quarter. Nationwide Fund Advisors grew its holdings in TechTarget by 12.6% in the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after buying an additional 1,418 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in TechTarget in the 1st quarter valued at approximately $140,000. Finally, Alliancebernstein L.P. grew its holdings in TechTarget by 0.5% in the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after buying an additional 100 shares during the last quarter. 56.11% of the stock is currently owned by hedge funds and other institutional investors.

TechTarget Company Profile

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

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

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