Insider Selling: Forrester Research, Inc. (NASDAQ:FORR) Insider Sells $69,500.00 in Stock

Forrester Research, Inc. (NASDAQ:FORRGet Rating) insider Carrie Johnson sold 2,000 shares of Forrester Research stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $34.75, for a total transaction of $69,500.00. Following the completion of the sale, the insider now owns 5,088 shares of the company’s stock, valued at approximately $176,808. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Carrie Johnson also recently made the following trade(s):

  • On Thursday, November 10th, Carrie Johnson sold 3,253 shares of Forrester Research stock. The stock was sold at an average price of $35.85, for a total transaction of $116,620.05.
  • On Tuesday, November 1st, Carrie Johnson sold 223 shares of Forrester Research stock. The stock was sold at an average price of $42.40, for a total transaction of $9,455.20.

Forrester Research Price Performance

Forrester Research stock opened at $35.34 on Friday. Forrester Research, Inc. has a 12-month low of $33.49 and a 12-month high of $60.90. The stock has a market cap of $673.23 million, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $37.21 and a 200-day simple moving average of $43.06.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barrington Research dropped their price target on shares of Forrester Research from $65.00 to $48.00 in a research note on Thursday, November 10th. William Blair restated a “market perform” rating on shares of Forrester Research in a research note on Monday, August 1st. Finally, StockNews.com assumed coverage on shares of Forrester Research in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Institutional Investors Weigh In On Forrester Research

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its position in Forrester Research by 250.0% in the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after acquiring an additional 335 shares during the last quarter. Lazard Asset Management LLC lifted its position in Forrester Research by 846.0% in the first quarter. Lazard Asset Management LLC now owns 946 shares of the technology company’s stock valued at $53,000 after acquiring an additional 846 shares during the last quarter. KBC Group NV purchased a new stake in Forrester Research in the second quarter valued at $45,000. Tower Research Capital LLC TRC increased its stake in Forrester Research by 105.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the technology company’s stock valued at $49,000 after purchasing an additional 698 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Forrester Research by 14.9% in the second quarter. Mutual of America Capital Management LLC now owns 1,839 shares of the technology company’s stock valued at $88,000 after purchasing an additional 238 shares during the period. 55.51% of the stock is owned by hedge funds and other institutional investors.

About Forrester Research

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Forrester Research, Inc operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.

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