Forrester Research, Inc. (NASDAQ:FORR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $51.54 and traded as high as $56.69. Forrester Research shares last traded at $56.43, with a volume of 40,624 shares changing hands.
FORR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 5th. Barrington Research lifted their price target on shares of Forrester Research from $54.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, November 4th.
The stock has a market cap of $1.08 billion, a P/E ratio of 57.08, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average price of $58.15 and a 200-day moving average price of $51.58.
In other Forrester Research news, CAO Scott Chouinard sold 8,375 shares of Forrester Research stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $58.64, for a total value of $491,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carrie Johnson sold 1,531 shares of the business’s stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $58.11, for a total transaction of $88,966.41. The disclosure for this sale can be found here. Insiders have sold 12,906 shares of company stock valued at $757,266 in the last ninety days. Insiders own 41.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Forrester Research by 267.2% in the 2nd quarter. Royal Bank of Canada now owns 973 shares of the technology company’s stock worth $44,000 after buying an additional 708 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in Forrester Research by 1,372.6% in the second quarter. Advisor Group Holdings Inc. now owns 1,561 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,455 shares during the last quarter. Ensign Peak Advisors Inc grew its position in Forrester Research by 70.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,700 shares of the technology company’s stock worth $78,000 after purchasing an additional 700 shares during the period. Metropolitan Life Insurance Co NY raised its stake in Forrester Research by 115,200.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,459 shares of the technology company’s stock valued at $158,000 after buying an additional 3,456 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Forrester Research by 77.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,918 shares of the technology company’s stock worth $179,000 after buying an additional 1,712 shares during the last quarter. 52.96% of the stock is currently owned by institutional investors.
About Forrester Research (NASDAQ:FORR)
Forrester Research, Inc engages in the provision of advisory services. It operates through the following segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization.
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