TechTarget Inc (NASDAQ:TTGT) CEO Sells $555,222.00 in Stock
TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 22,200 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $25.01, for a total transaction of $555,222.00. Following the transaction, the chief executive officer now directly owns 64,748 shares of the company’s stock, valued at $1,619,347.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
TTGT opened at $24.75 on Friday. The company has a 50 day moving average of $26.40 and a 200 day moving average of $23.27. The company has a market cap of $708.22 million, a PE ratio of 55.00 and a beta of 0.75. TechTarget Inc has a 12 month low of $11.12 and a 12 month high of $30.00. The company has a current ratio of 5.46, a quick ratio of 5.46 and a debt-to-equity ratio of 0.34.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $33.81 million during the quarter, compared to the consensus estimate of $33.60 million. TechTarget had a net margin of 11.73% and a return on equity of 9.55%. Research analysts forecast that TechTarget Inc will post 0.69 earnings per share for the current fiscal year.
TTGT has been the subject of several analyst reports. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 3rd. ValuEngine downgraded shares of TechTarget from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Zacks Investment Research downgraded shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Lake Street Capital raised their price objective on shares of TechTarget from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.67.
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.
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