November 28, 2016 - By Louis Casey
Company insider, Steven Peltzman, CBTO of Forrester Research Inc sold a total of 2,417 shares of the firm, which is based on a market stock price of $41.1 for share. The probability of this stocks unloading remaining hidden is little, with the CBTO presently owning 2,418 shares —- that is 0.01% of the total market cap of Forrester Research Inc. This insider deal, was made on 28-11-2016. It’s available for review at the SEC’s website and can be found at this page.
Out of 2 analysts covering Forrester Research (NASDAQ:FORR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Forrester Research has been the topic of 2 analyst reports since October 6, 2015 according to StockzIntelligence Inc. Barrington Research initiated the stock with “Mkt Perform” rating in Tuesday, October 6 report. The company was upgraded on Monday, October 31 by Sidoti.
Insitutional Activity: The institutional sentiment increased to 2.87 in Q2 2016. Its up 1.68, from 1.19 in 2016Q1. The ratio increased, as 3 funds sold all Forrester Research, Inc. shares owned while 29 reduced positions. 14 funds bought stakes while 24 increased positions. They now own 9.22 million shares or 2.63% less from 9.47 million shares in 2016Q1.
Royal Retail Bank Of Canada holds 0% of its portfolio in Forrester Research, Inc. (NASDAQ:FORR) for 200 shares. Blackrock Group last reported 0% of its portfolio in the stock. Blackrock Limited Liability Com owns 4,953 shares or 0% of their US portfolio. New York State Teachers Retirement Systems accumulated 0% or 6,477 shares. Jpmorgan Chase & owns 4,017 shares or 0% of their US portfolio. P2 Cap Ptnrs Lc holds 1.13M shares or 7.13% of its portfolio. Tower Rech Ltd Com (Trc) accumulated 736 shares or 0% of the stock. Moreover, Goldman Sachs Group Incorporated has 0% invested in Forrester Research, Inc. (NASDAQ:FORR) for 7,122 shares. Northern Tru Corporation accumulated 139,311 shares or 0% of the stock. State Of Tennessee Treasury Department has 0% invested in the company for 8,705 shares. The New York-based Epoch Investment Prns Inc has invested 0.07% in Forrester Research, Inc. (NASDAQ:FORR). The New Jersey-based Prudential Financial has invested 0% in Forrester Research, Inc. (NASDAQ:FORR). Renaissance Technologies Limited Liability Co holds 0.04% of its portfolio in Forrester Research, Inc. (NASDAQ:FORR) for 503,000 shares. Citadel Advsrs Limited Co has 14,964 shares for 0% of their US portfolio. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Forrester Research, Inc. (NASDAQ:FORR).
Insider Transactions: Since November 1, 2016, the stock had 0 buys, and 8 insider sales for $1.51 million net activity. Shares for $198,450 were sold by Chouinard Scott. Galford Robert sold $49,284 worth of Forrester Research, Inc. (NASDAQ:FORR) on Tuesday, November 1. Another trade for 2,437 shares valued at $90,388 was made by HORNIG GEORGE on Tuesday, November 1. $151,188 worth of shares were sold by Teichgraeber Gretchen on Wednesday, November 16. $377,625 worth of Forrester Research, Inc. (NASDAQ:FORR) was sold by MANN GAIL. DOYLE MICHAEL A sold $370,500 worth of stock.
It is down 20.06% since April 25, 2016 and is uptrending. It has outperformed by 14.04% the S&P500.
Forrester Research, Inc. is a global independent research, data, and advisory services firm. The company has a market cap of $740.62 million. The Firm offers research, data, advisory and related services that are thematic, prescriptive, and executable, and that provide a perspective on the changing business environment. It has a 53.61 P/E ratio. The Company’s divisions include Research, Product and Project Consulting.
According to Zacks Investment Research, “Forrester Research, Inc. is a leading independent Internet research firm that conducts research and analysis on the impact of the Internet and emerging technologies on business strategy, consumer behavior and society. The company provide clients with a comprehensive and integrated perspective on technology and business, which we call the Whole View of Internet commerce. The company’s Whole View approach helps companies evolve their business models and infrastructure to embrace broader on-line markets and to scale their Internet operations.”
Analysts await Forrester Research, Inc. (NASDAQ:FORR) to report earnings on February, 8. They expect $0.18 earnings per share, up 20.00% or $0.03 from last year’s $0.15 per share. FORR’s profit will be $3.25M for 56.94 P/E if the $0.18 EPS becomes a reality. After $0.17 actual earnings per share reported by Forrester Research, Inc. for the previous quarter, Wall Street now forecasts 5.88% EPS growth.
Forrester Research, Inc. (Forrester), incorporated on February 16, 1996, is a global independent research, data, and advisory services firm. The Firm offers research, data, advisory and related services that are thematic, prescriptive, and executable, and that provide a perspective on the changing business environment. The Company’s divisions include Research, Product and Project Consulting. The Research segment is responsible for writing the research and performing the Webinars and inquiries for its Research and Connect products. The Product segment includes the product management organization that is responsible for product pricing and packaging and the launch of new products. In addition, this segment includes the Company’s Data, Connect and Events organizations. The Project Consulting segment offers project consulting services. The Company’s services and products are categorized into Forrester Research, Forrester Connect, Forrester Data, Forrester Consulting, and Forrester Events.
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By Louis Casey