Amalgamated Bank cut its position in shares of TechTarget, Inc. (NASDAQ:TTGT – Get Rating) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,061 shares of the information services provider's stock after selling 354 shares during the quarter. Amalgamated Bank's holdings in TechTarget were worth $1,062,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in TechTarget by 2.5% in the first quarter. BlackRock Inc. now owns 4,000,348 shares of the information services provider's stock worth $325,147,000 after purchasing an additional 96,343 shares during the period. Vanguard Group Inc. grew its holdings in TechTarget by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,878,625 shares of the information services provider's stock worth $152,695,000 after purchasing an additional 43,148 shares during the period. abrdn plc grew its holdings in TechTarget by 0.3% in the first quarter. abrdn plc now owns 1,432,421 shares of the information services provider's stock worth $116,427,000 after purchasing an additional 4,351 shares during the period. State Street Corp grew its holdings in TechTarget by 4.8% in the first quarter. State Street Corp now owns 845,565 shares of the information services provider's stock worth $68,728,000 after purchasing an additional 38,727 shares during the period. Finally, Bank of America Corp DE grew its holdings in TechTarget by 12.8% in the first quarter. Bank of America Corp DE now owns 614,472 shares of the information services provider's stock worth $49,945,000 after purchasing an additional 69,649 shares during the period. 98.73% of the stock is currently owned by institutional investors and hedge funds.
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TechTarget Stock Up 1.8 %
Shares of NASDAQ TTGT opened at $58.60 on Thursday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 154.21 and a beta of 0.99. The company has a 50-day moving average price of $64.86 and a 200-day moving average price of $68.61. TechTarget, Inc. has a 1 year low of $56.43 and a 1 year high of $111.44. The company has a debt-to-equity ratio of 1.91, a current ratio of 6.54 and a quick ratio of 6.54.
Insider Activity at TechTarget
In related news, CEO Michael Cotoia sold 5,676 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $69.76, for a total transaction of $395,957.76. Following the transaction, the chief executive officer now directly owns 164,745 shares of the company's stock, valued at $11,492,611.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
the SEC website. 8.92% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Raymond James raised their price target on shares of TechTarget from $81.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, August 5th. KeyCorp reduced their price objective on shares of TechTarget from $102.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.33.
TechTarget Company Profile
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TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
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