TechTarget Inc (TTGT) CEO Michael Cotoia Sells 6,972 Shares

TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 6,972 shares of the firm’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $9.03, for a total value of $62,957.16. Following the completion of the sale, the chief executive officer now directly owns 206,334 shares of the company’s stock, valued at approximately $1,863,196.02. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Michael Cotoia also recently made the following trade(s):

  • On Thursday, April 20th, Michael Cotoia sold 18,413 shares of TechTarget stock. The stock was sold at an average price of $9.17, for a total value of $168,847.21.
  • 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 value of $246,988.32.

Shares of TechTarget Inc (NASDAQ:TTGT) traded up 0.65% during trading on Friday, hitting $9.30. The stock had a trading volume of 6,437 shares. The stock has a market cap of $255.02 million, a price-to-earnings ratio of 116.25 and a beta of 1.70. The stock’s 50-day moving average is $8.96 and its 200-day moving average is $8.65. TechTarget Inc has a 12-month low of $6.73 and a 12-month high of $9.48.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Tuesday, February 14th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. TechTarget had a net margin of 3.93% and a return on equity of 3.59%. The business had revenue of $26.70 million for the quarter, compared to analyst estimates of $26.17 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts expect that TechTarget Inc will post $0.35 EPS for the current year.

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

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A number of analysts have commented on TTGT shares. Zacks Investment Research raised TechTarget from a “sell” rating to a “hold” rating in a research report on Thursday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of TechTarget in a research report on Wednesday, February 15th. Jefferies Group LLC lifted their price target on TechTarget from $9.50 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Finally, Lake Street Capital lifted their price target on TechTarget from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. TechTarget has an average rating of “Buy” and an average target price of $10.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in TechTarget by 3.4% in the fourth quarter. State Street Corp now owns 231,237 shares of the information services provider’s stock valued at $1,977,000 after buying an additional 7,578 shares in the last quarter. Spark Investment Management LLC raised its position 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 valued at $447,000 after buying an additional 14,000 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in TechTarget by 1.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 965,544 shares of the information services provider’s stock valued at $7,782,000 after buying an additional 16,779 shares in the last quarter. Two Sigma Investments LP raised its position 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 valued at $887,000 after buying an additional 18,726 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in TechTarget during the fourth quarter valued at $173,000. Hedge funds and other institutional investors own 56.82% of the company’s stock.

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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