AlphaQuest LLC Sells 5,474 Shares of Forrester Research, Inc. (NASDAQ:FORR)

AlphaQuest LLC cut its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 35.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,779 shares of the technology company’s stock after selling 5,474 shares during the period. AlphaQuest LLC’s holdings in Forrester Research were worth $153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in shares of Forrester Research by 138.7% during the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,473 shares in the last quarter. SG Americas Securities LLC bought a new stake in Forrester Research in the 4th quarter worth about $111,000. Total Clarity Wealth Management Inc. bought a new stake in Forrester Research in the 4th quarter worth about $209,000. Rhumbline Advisers grew its position in Forrester Research by 7.8% in the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,337 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Forrester Research by 734.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock worth $377,000 after purchasing an additional 18,410 shares in the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Up 0.8 %

FORR opened at $10.20 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $193.61 million, a price-to-earnings ratio of -34.00, a PEG ratio of 1.22 and a beta of 0.93. Forrester Research, Inc. has a twelve month low of $9.51 and a twelve month high of $21.91. The company’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $15.44.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FORR shares. StockNews.com raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, December 14th. Sidoti raised shares of Forrester Research to a “hold” rating in a research report on Wednesday, February 12th.

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.