TechTarget Inc (TTGT) CEO Michael Cotoia Sells 18,413 Shares
TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 18,413 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $9.17, for a total transaction of $168,847.21. Following the sale, the chief executive officer now owns 194,768 shares in the company, valued at $1,786,022.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Cotoia also recently made the following trade(s):
- On Thursday, April 6th, Michael Cotoia sold 6,972 shares of TechTarget stock. The stock was sold at an average price of $9.03, for a total transaction of $62,957.16.
- On Tuesday, March 21st, Michael Cotoia sold 27,814 shares of TechTarget stock. The stock was sold at an average price of $8.88, for a total transaction of $246,988.32.
Shares of TechTarget Inc (NASDAQ:TTGT) remained flat at $9.24 during midday trading on Friday. 21,348 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $8.96 and its 200 day moving average price is $8.65. The stock has a market capitalization of $253.38 million, a price-to-earnings ratio of 115.50 and a beta of 1.70. TechTarget Inc has a one year low of $6.73 and a one year high of $9.48.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Tuesday, February 14th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. TechTarget had a net margin of 3.93% and a return on equity of 3.59%. The business earned $26.70 million during the quarter, compared to the consensus estimate of $26.17 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts forecast that TechTarget Inc will post $0.35 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in TechTarget during the fourth quarter worth about $173,000. Spark Investment Management LLC increased its stake in TechTarget by 33.7% in the third quarter. Spark Investment Management LLC now owns 55,500 shares of the information services provider’s stock worth $447,000 after buying an additional 14,000 shares during the period. Russell Investments Group Ltd. bought a new stake in TechTarget during the fourth quarter worth about $735,000. Arrowstreet Capital Limited Partnership bought a new stake in TechTarget during the fourth quarter worth about $806,000. Finally, Two Sigma Investments LP increased its stake in TechTarget by 22.0% in the fourth quarter. Two Sigma Investments LP now owns 103,974 shares of the information services provider’s stock worth $887,000 after buying an additional 18,726 shares during the period. Institutional investors and hedge funds own 56.82% of the company’s stock.
A number of equities research analysts recently commented on the stock. Jefferies Group LLC raised their price objective on shares of TechTarget from $9.50 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of TechTarget in a report on Wednesday, February 15th. Zacks Investment Research upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, March 1st. Finally, Lake Street Capital raised their price objective on shares of TechTarget from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $10.20.
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.
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