Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,622 shares of the technology company’s stock after selling 4,110 shares during the quarter. Wells Fargo & Company MN owned approximately 0.44% of Forrester Research worth $3,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FORR. Schwab Charles Investment Management Inc. grew its position in Forrester Research by 0.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock valued at $1,515,000 after acquiring an additional 171 shares during the last quarter. Legal & General Group Plc grew its position in Forrester Research by 9.1% during the second quarter. Legal & General Group Plc now owns 17,944 shares of the technology company’s stock valued at $702,000 after acquiring an additional 1,499 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Forrester Research by 51.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,051 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Forrester Research by 8.1% in the second quarter. Victory Capital Management Inc. now owns 16,843 shares of the technology company’s stock worth $659,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Forrester Research by 144.2% in the second quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock worth $1,645,000 after purchasing an additional 24,800 shares during the last quarter. Institutional investors own 54.69% of the company’s stock.

In other Forrester Research news, Director George Hornig sold 11,530 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.62, for a total transaction of $537,528.60. Following the completion of the sale, the director now directly owns 18,921 shares in the company, valued at approximately $882,097.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director now owns 8,770 shares of the company’s stock, valued at $394,650. The disclosure for this sale can be found here. Insiders sold a total of 23,835 shares of company stock valued at $1,103,368 over the last quarter. 44.30% of the stock is owned by corporate insiders.

Shares of Forrester Research, Inc. (NASDAQ:FORR) traded up $1.50 during trading hours on Thursday, hitting $45.15. The stock had a trading volume of 54,808 shares, compared to its average volume of 41,382. Forrester Research, Inc. has a 1 year low of $34.95 and a 1 year high of $47.75. The company has a market capitalization of $789.10, a P/E ratio of 42.62, a PEG ratio of 3.52 and a beta of 0.46.

Several research analysts have recently issued reports on FORR shares. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, October 30th. BidaskClub lowered Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.

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Forrester Research Profile

Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.

Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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