Point72 DIFC Ltd Has $29,000 Stock Position in Forrester Research, Inc. (NASDAQ:FORR)

Point72 DIFC Ltd boosted its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 62.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,713 shares of the technology company’s stock after buying an additional 658 shares during the period. Point72 DIFC Ltd’s holdings in Forrester Research were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FORR. PNC Financial Services Group Inc. raised its holdings in shares of Forrester Research by 52.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares during the period. Rhumbline Advisers raised its stake in Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after purchasing an additional 2,661 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Forrester Research by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 59,248 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 3,306 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Forrester Research by 17.9% in the second quarter. Marshall Wace LLP now owns 23,445 shares of the technology company’s stock worth $400,000 after buying an additional 3,552 shares during the period. Finally, Comerica Bank grew its holdings in shares of Forrester Research by 123.3% during the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after buying an additional 6,510 shares in the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of Forrester Research stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $18.26, for a total value of $71,122.70. Following the completion of the sale, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.20% of the stock is currently owned by corporate insiders.

Forrester Research Stock Up 1.3 %

FORR stock opened at $17.17 on Monday. The company has a 50 day moving average of $18.47 and a two-hundred day moving average of $18.52. The company has a market cap of $328.07 million, a price-to-earnings ratio of 572.33, a PEG ratio of 1.39 and a beta of 0.87. Forrester Research, Inc. has a 12-month low of $16.14 and a 12-month high of $31.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. The firm had revenue of $121.83 million for the quarter, compared to analyst estimates of $121.21 million. On average, equities analysts anticipate that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

Forrester Research Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.