November 30, 2016 - By Louis Casey
Michael Welles, director of Forrester Research Inc is the insider, we want to tell you for. Mr. Michael submitted a report with the D.C. based-SEC disclosing a trade for 5,300 shares of the Pinksheet-listed company, the one he is an insider in. At the time of the trade, the average stock market price per share of Forrester Research Inc was $41.0, making the insider trade worth $217,406 U.S Dollars. It seems he is very active lately as in the last month, he sold additional 13,278 shares of the company, worth $544,833 USD. Michael Welles today owns 18,064 shares or 0.10% of Forrester Research Inc’s market cap (total dollar market value of all company’s outstanding shares).
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 stock of Forrester Research, Inc. (NASDAQ:FORR) earned “Buy” rating by Sidoti on Monday, October 31. Barrington Research initiated Forrester Research, Inc. (NASDAQ:FORR) on Tuesday, October 6 with “Mkt Perform” rating.
Insitutional Activity: The institutional sentiment increased to 2.87 in 2016 Q2. Its up 1.68, from 1.19 in 2016Q1. The ratio improved, 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.
State Board Of Administration Of Florida Retirement System has 0% invested in the company for 13,397 shares. Analytic Invsts Limited Liability Co holds 0.03% or 62,914 shares in its portfolio. Amer Int Gp holds 7,400 shares or 0% of its portfolio. Moreover, Rhumbline Advisers has 0% invested in Forrester Research, Inc. (NASDAQ:FORR) for 14,322 shares. Fmr Limited Liability last reported 0% of its portfolio in the stock. Teachers Advsr, a New York-based fund reported 16,226 shares. Moreover, P2 Cap Ptnrs Lc has 7.13% invested in Forrester Research, Inc. (NASDAQ:FORR) for 1.13M shares. Acadian Asset Mngmt Limited Com has invested 0% of its portfolio in Forrester Research, Inc. (NASDAQ:FORR). Principal Finance Gru accumulated 0% or 70,761 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Comerica Fincl Bank owns 9,937 shares or 0% of their US portfolio. Vanguard Grp reported 874,801 shares or 0% of all its holdings. Tower Capital Llc (Trc) has 736 shares for 0% of their US portfolio. Moreover, Bank Of America De has 0% invested in Forrester Research, Inc. (NASDAQ:FORR) for 542 shares. Royal Comml Bank Of Canada accumulated 200 shares or 0% of the stock.
Insider Transactions: Since November 1, 2016, the stock had 0 insider buys, and 11 selling transactions for $2.37 million net activity. Teichgraeber Gretchen had sold 3,800 shares worth $151,188 on Wednesday, November 16. DOYLE MICHAEL A sold $206,050 worth of Forrester Research, Inc. (NASDAQ:FORR) on Wednesday, November 23. Shares for $37 were sold by Galford Robert on Friday, November 4. 13,278 shares were sold by WELLES MICHAEL, worth $544,833. 7,500 shares with value of $277,500 were sold by MANN GAIL on Tuesday, November 1. Another trade for 5,000 shares valued at $198,450 was sold by Chouinard Scott. On Tuesday, November 1 HORNIG GEORGE sold $90,388 worth of the stock or 2,437 shares.
About 46,478 shares traded hands. Forrester Research, Inc. (NASDAQ:FORR) has risen 19.15% since April 27, 2016 and is uptrending. It has outperformed by 13.92% the S&P500.
Forrester Research, Inc. is a global independent research, data, and advisory services firm. The company has a market cap of $744.20 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 53.54 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 $3.27 million for 56.88 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.
Another recent and important Forrester Research, Inc. (NASDAQ:FORR) news was published by Streetinsider.com which published an article titled: “Form 4 FORRESTER RESEARCH, INC. For: Nov 25 Filed by: WELLES MICHAEL” on November 28, 2016.
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