Forrester Research, Inc. (NASDAQ:FORR) Insider Ryan Darrah Sells 761 Shares

Forrester Research, Inc. (NASDAQ:FORR) insider Ryan Darrah sold 761 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.07, for a total value of $14,512.27. Following the completion of the sale, the insider now directly owns 23,535 shares of the company’s stock, valued at $448,812.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ryan Darrah also recently made the following trade(s):

• On Monday, August 5th, Ryan Darrah sold 3,895 shares of Forrester Research stock. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70.

Forrester Research Stock Down 1.3 %

Shares of NASDAQ:FORR traded down $0.24 during mid-day trading on Monday, hitting $18.80. 89,392 shares of the company traded hands, compared to its average volume of 136,953. The firm’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $19.64. The firm has a market cap of $359.27 million, a P/E ratio of 634.67, a PEG ratio of 1.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. Forrester Research, Inc. has a 52-week low of $16.14 and a 52-week high of $32.78.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Institutional Trading of Forrester Research

Several large investors have recently bought and sold shares of FORR. Quest Partners LLC purchased a new position in shares of Forrester Research in the fourth quarter valued at $28,000. PNC Financial Services Group Inc. boosted its position in Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after buying an additional 533 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Forrester Research by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock valued at $117,000 after acquiring an additional 753 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Forrester Research during the first quarter worth about $186,000. Finally, Paloma Partners Management Co acquired a new position in shares of Forrester Research in the first quarter worth about $222,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

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.