TechTarget, Inc. (NASDAQ:TTGT) Shares Sold by Samjo Management LLC

Samjo Management LLC cut its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,975 shares of the information services provider’s stock after selling 106,225 shares during the quarter. Samjo Management LLC’s holdings in TechTarget were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV increased its stake in shares of TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in TechTarget during the fourth quarter worth approximately $103,000. MeadowBrook Investment Advisors LLC raised its stake in TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after purchasing an additional 1,780 shares during the period. Quantbot Technologies LP acquired a new position in shares of TechTarget in the 4th quarter valued at $173,000. Finally, Intech Investment Management LLC purchased a new stake in shares of TechTarget during the 3rd quarter valued at $257,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on TTGT shares. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. StockNews.com started coverage on shares of TechTarget in a research report on Monday, February 10th. They set a “hold” rating for the company. Needham & Company LLC reduced their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Craig Hallum dropped their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Lake Street Capital reduced their target price on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

TechTarget Price Performance

TTGT opened at $9.23 on Friday. TechTarget, Inc. has a twelve month low of $8.66 and a twelve month high of $35.11. The firm has a market cap of $269.84 million, a price-to-earnings ratio of -21.98, a PEG ratio of 113.92 and a beta of 1.05. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $21.28.

About TechTarget

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.