TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia Sells 3,000 Shares

TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $20.78, for a total transaction of $62,340.00. Following the transaction, the chief executive officer now owns 43,923 shares in the company, valued at $912,719.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, May 22nd, Michael Cotoia sold 3,000 shares of TechTarget stock. The shares were sold at an average price of $19.98, for a total transaction of $59,940.00.
  • On Wednesday, April 3rd, Michael Cotoia sold 13,887 shares of TechTarget stock. The shares were sold at an average price of $16.68, for a total transaction of $231,635.16.

NASDAQ:TTGT opened at $20.32 on Monday. TechTarget Inc has a one year low of $11.12 and a one year high of $34.47. The firm has a market capitalization of $560.75 million, a price-to-earnings ratio of 45.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.66 and a current ratio of 4.66.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. TechTarget had a net margin of 11.41% and a return on equity of 10.74%. The firm had revenue of $29.97 million for the quarter, compared to the consensus estimate of $29.32 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that TechTarget Inc will post 0.54 earnings per share for the current fiscal year.

Several equities analysts have commented on TTGT shares. BidaskClub upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, May 9th. ValuEngine upgraded shares of TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.00.

Several large investors have recently added to or reduced their stakes in the business. GYL Financial Synergies LLC bought a new position in shares of TechTarget during the 1st quarter worth approximately $567,000. Marshall Wace North America L.P. bought a new position in shares of TechTarget during the 1st quarter worth approximately $340,000. Marshall Wace LLP boosted its holdings in shares of TechTarget by 124.9% during the 1st quarter. Marshall Wace LLP now owns 554,782 shares of the information services provider’s stock worth $9,026,000 after buying an additional 308,138 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of TechTarget by 1.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 794,811 shares of the information services provider’s stock worth $12,932,000 after buying an additional 11,435 shares in the last quarter. Finally, Trigran Investments Inc. boosted its holdings in shares of TechTarget by 1.9% during the 1st quarter. Trigran Investments Inc. now owns 327,416 shares of the information services provider’s stock worth $5,328,000 after buying an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 76.63% of the company’s stock.

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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