Point72 DIFC Ltd Acquires 658 Shares of Forrester Research, Inc. (NASDAQ:FORR)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in Forrester Research by 52.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after buying an additional 533 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forrester Research in the 1st quarter valued at approximately $186,000. Paloma Partners Management Co bought a new position in Forrester Research during the 1st quarter worth approximately $222,000. Quantbot Technologies LP acquired a new position in Forrester Research during the first quarter valued at approximately $223,000. Finally, Comerica Bank increased its stake in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after purchasing an additional 6,510 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Trading Down 3.6 %

NASDAQ FORR opened at $15.89 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $18.44. Forrester Research, Inc. has a one year low of $15.88 and a one year high of $29.93. The firm has a market cap of $303.61 million, a P/E ratio of 529.67, a P/E/G ratio of 1.39 and a beta of 0.87.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share 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 company had revenue of $121.83 million during the quarter, compared to the consensus estimate of $121.21 million. Sell-side analysts anticipate that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Buying and Selling

In other news, insider Ryan Darrah sold 3,895 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $18.26, for a total value of $71,122.70. Following the sale, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 39.20% of the company’s stock.

About Forrester Research

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.