Insider Kelley Hippler of Forrester Research, Inc. (NASDAQ:FORR – Get Rating) sold 8,250 shares of the company in a trade on Friday, August 12. The stock was sold at an average price of $45.02, for a total transaction of $371,415.00. Following the completion of the sale, the insider now owns 28,346 shares of the company, valued at approximately $1,276,136.92. The transaction was disclosed in a filing with the SEC, which is available via this link.
Kelley Hippler also recently made the following trade(s):
- On Thursday, August 4, Kelley Hippler sold 500 Forrester Research shares. The shares were sold at an average price of $45.00, for a total transaction of $22,500.00.
Forrester Research Stock Performance
FORR traded at $1.52 during Friday’s trading, reaching $44.96. 55,864 shares of the company were traded, against an average volume of 45,685. The company has a market capitalization of $853.34 million, a P/E ratio of 28.46, a price/earnings growth ratio of 1.61 and a beta of 0.92. The stock’s fifty-day moving average is $46.64 and its 200-day moving average is $51.09. The company has a quick ratio of 0.82, a current ratio of 0.80 and a debt ratio of 0.24. Forrester Research, Inc. has a 1-year low of $41.62 and a 1-year high of $60.90.
Wall Street analysts predict growth
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Separately, William Blair rephrased a “market performance” rating on Forrester Research stocks in a Monday, August 1, research report.
Hedge funds weigh on Forrester Research
A number of institutional investors and hedge funds have recently increased or reduced their holdings in the company. Strs Ohio increased its position in Forrester Research by 1.4% in the first quarter. Strs Ohio now owns 14,500 shares of the technology company worth $818,000 after buying 200 more shares during the period. Mutual of America Capital Management LLC increased its position in Forrester Research by 14.9% during the second quarter. Mutual of America Capital Management LLC now owns 1,839 shares of the technology company worth $88,000 after buying 238 additional shares during the period. Exchange Traded Concepts LLC increased its position in Forrester Research by 2.4% in the second quarter. Exchange Traded Concepts LLC now owns 11,311 shares of the technology company worth $541,000 after buying an additional 260 shares during the period. Inspire Investing LLC increased its position in Forrester Research by 6.3% during the second quarter. Inspire Investing LLC now owns 4,460 shares of the technology company worth $213,000 after buying 266 additional shares during the period. Finally, Captrust Financial Advisors increased its position in Forrester Research by 250.0% during the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company worth $26,000 after buying 335 additional shares during the period. Institutional investors hold 52.96% of the company’s shares.
About Forrester Research
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Forrester Research, Inc operates as an independent research and consulting firm. The Company operates in three segments: Research, Consulting and Events. Core services in the Research segment’s subscription-based research portfolio 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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