TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 31,300 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $24.46, for a total transaction of $765,598.00. Following the completion of the sale, the insider now directly owns 687,242 shares of the company’s stock, valued at $16,809,939.32. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Greg Strakosch also recently made the following trade(s):

  • On Tuesday, August 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $23.05, for a total transaction of $576,250.00.
  • On Tuesday, August 7th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $28.69, for a total transaction of $717,250.00.
  • On Monday, July 23rd, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $32.44, for a total transaction of $811,000.00.
  • On Monday, July 9th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $30.95, for a total transaction of $773,750.00.
  • On Thursday, June 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $29.13, for a total transaction of $728,250.00.
  • On Thursday, June 7th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $27.41, for a total transaction of $685,250.00.

TTGT stock traded up $0.18 during trading on Friday, reaching $24.17. The stock had a trading volume of 7,734 shares, compared to its average volume of 611,833. TechTarget Inc has a one year low of $9.68 and a one year high of $34.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $674.35 million, a price-to-earnings ratio of 100.33, a PEG ratio of 2.45 and a beta of 1.29.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. TechTarget had a net margin of 10.24% and a return on equity of 9.77%. The business had revenue of $31.47 million during the quarter, compared to the consensus estimate of $30.81 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. sell-side analysts forecast that TechTarget Inc will post 0.5 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in TTGT. Federated Investors Inc. PA grew its position in shares of TechTarget by 307.0% during the 2nd quarter. Federated Investors Inc. PA now owns 4,550 shares of the information services provider’s stock valued at $130,000 after acquiring an additional 3,432 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of TechTarget during the 4th quarter valued at approximately $137,000. Voya Investment Management LLC bought a new position in shares of TechTarget during the 2nd quarter valued at approximately $231,000. PNC Financial Services Group Inc. bought a new position in shares of TechTarget during the 1st quarter valued at approximately $248,000. Finally, Cavalier Investments LLC bought a new position in shares of TechTarget during the 1st quarter valued at approximately $296,000. 59.09% of the stock is owned by hedge funds and other institutional investors.

TTGT has been the subject of a number of recent analyst reports. Craig Hallum set a $25.00 price objective on shares of TechTarget and gave the stock a “buy” rating in a research report on Thursday, May 10th. Needham & Company LLC upped their price objective on shares of TechTarget from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, May 16th. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Finally, Lake Street Capital set a $23.00 price objective on shares of TechTarget and gave the stock a “buy” rating in a research report on Friday, May 11th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target 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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Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

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