Forrester Research, Inc. (NASDAQ:FORR – Get Free Report) insider Carrie Johnson sold 1,117 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $32.01, for a total transaction of $35,755.17. Following the sale, the insider now owns 8,811 shares in the company, valued at $282,040.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Forrester Research Price Performance
Shares of FORR opened at $31.64 on Friday. Forrester Research, Inc. has a twelve month low of $22.62 and a twelve month high of $45.61. The firm’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $31.73. The firm has a market capitalization of $607.80 million, a price-to-earnings ratio of 121.70, a PEG ratio of 1.57 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.16.
Forrester Research (NASDAQ:FORR – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Forrester Research had a net margin of 0.98% and a return on equity of 14.44%. The firm had revenue of $113.67 million during the quarter, compared to analyst estimates of $125.05 million. Equities analysts forecast that Forrester Research, Inc. will post 1.36 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Institutional Investors Weigh In On Forrester Research
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC raised its holdings in shares of Forrester Research by 4.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 19,901 shares of the technology company’s stock valued at $579,000 after purchasing an additional 800 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Forrester Research by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 109,208 shares of the technology company’s stock valued at $3,177,000 after buying an additional 2,324 shares during the last quarter. Inspire Investing LLC grew its position in shares of Forrester Research by 27.1% in the 2nd quarter. Inspire Investing LLC now owns 10,779 shares of the technology company’s stock valued at $314,000 after buying an additional 2,300 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Forrester Research in the 2nd quarter valued at $143,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Forrester Research in the 2nd quarter valued at $1,417,000. 55.47% of the stock is currently owned by institutional investors and hedge funds.
Forrester Research Company Profile
Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.
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