.jpg "TechTarget (NASDAQ: TTGT)")
Today, the CEO of TechTarget (NASDAQ: TTGT), Michael Cotoia, sold shares of TTGT for $544.5K.
Following Michael Cotoia’s last TTGT Sell transaction on November 22, 2017, the stock climbed by 10.6%. In addition to Michael Cotoia, 5 other TTGT executives reported Sell trades in the last month.
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Based on TechTarget’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $31.47 million and quarterly net profit of $4.42 million. In comparison, last year the company earned revenue of $26.66 million and had a net profit of $1.36 million. TTGT’s market cap is $661.9M and the company has a P/E ratio of 58.54. Currently, TechTarget has an average volume of 865.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $30.33, reflecting a 26.4% upside.
In the last 30 days, insiders have sold $7.45M worth of TTGT shares and purchased $12.4K worth of TTGT shares. The insider sentiment on TechTarget has been negative according to 94 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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TechTarget, Inc. engages in the provision of online content for buyers of enterprise information technology products and services. It also offers purchase-intent marketing and sales services for enterprise technology vendors. Its products portfolio includes demand generation, brand consideration, sales enablement, and marketing intelligence.
