SEC Insider Narrative: Why Michael Welles Unloaded 13,278 Stock of Forrester Research, Inc. (NASDAQ:FORR)?

November 28, 2016 - By whatsonthorold

SEC Insider Narrative: Why Michael Welles Unloaded 13,278 Stock of Forrester Research, Inc. (NASDAQ:FORR)?

Michael Welles Insider Sell

Forrester Research Inc’s director Michael Welles sold 13,278 shares of the company’s stock in an open market transaction dated November 28, 2016. The insider shares were sold at the average share price of $41.0, for a cumulative transaction value of $544,833. This stocks unloading decreased his ownership of Forrester Research Inc to 0.10% total market cap or 18,064 shares.

Forrester Research, Inc. (NASDAQ:FORR) Ratings Coverage

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. The firm earned “Mkt Perform” rating on Tuesday, October 6 by Barrington Research. The stock of Forrester Research, Inc. (NASDAQ:FORR) earned “Buy” rating by Sidoti on Monday, October 31.

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.

Geode Mgmt Ltd Liability Co accumulated 0% or 82,935 shares. California Public Employees Retirement Systems holds 0% or 11,700 shares in its portfolio. Deutsche Bancorporation Ag has 0% invested in the company for 12,252 shares. Next Grp Inc Inc holds 0% or 42 shares in its portfolio. Cadence Cap Mngmt Ltd owns 11,003 shares or 0.03% of their US portfolio. Vanguard Grp Inc last reported 874,801 shares in the company. Goldman Sachs Grp, a New York-based fund reported 7,122 shares. State Of Tennessee Treasury Department holds 8,705 shares or 0% of its portfolio. Principal Group Inc has 70,761 shares for 0% of their US portfolio. Prudential accumulated 0% or 28,006 shares. Voya Investment Management Ltd Llc last reported 0% of its portfolio in the stock. Renaissance Technology Ltd Llc holds 0.04% or 503,000 shares in its portfolio. Bankshares Of Montreal Can, a Ontario – Canada-based fund reported 661 shares. Morgan Stanley holds 77,414 shares or 0% of its portfolio. Blackrock last reported 0% of its portfolio in the stock.

Insider Transactions: Since November 1, 2016, the stock had 0 insider purchases, and 8 insider sales for $1.51 million net activity. $37 worth of Forrester Research, Inc. (NASDAQ:FORR) was sold by Galford Robert on Friday, November 4. Teichgraeber Gretchen sold $151,188 worth of stock or 3,800 shares. The insider DOYLE MICHAEL A sold $370,500. MANN GAIL also sold $377,625 worth of Forrester Research, Inc. (NASDAQ:FORR) on Wednesday, November 16. HORNIG GEORGE had sold 2,437 shares worth $90,388 on Tuesday, November 1. 5,000 shares were sold by Chouinard Scott, worth $198,450.

About 37,498 shares traded hands. Forrester Research, Inc. (NASDAQ:FORR) has risen 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 $737.00 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 53.35 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 EPS, up 20.00% or $0.03 from last year’s $0.15 per share. FORR’s profit will be $3.23 million for 56.97 P/E if the $0.18 EPS becomes a reality. After $0.17 actual EPS reported by Forrester Research, Inc. for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

FORR Company Profile

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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