Forrester Research, Inc. (NASDAQ:FORR) Short Interest Up 40.8% in October

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 360,800 shares, an increase of 40.8% from the September 30th total of 256,200 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 78,800 shares, the short-interest ratio is presently 4.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Forrester Research from a "buy" rating to a "hold" rating in a research report on Tuesday, October 1st.

Insiders Place Their Bets

In related news, insider Ryan Darrah sold 3,895 shares of the firm's 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 transaction, the insider now owns 19,640 shares in the company, valued at $358,626.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.20% of the company's stock.

Institutional Trading of Forrester Research

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd grew its position in Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company's stock worth $29,000 after purchasing an additional 658 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 worth $42,000 after acquiring an additional 533 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in Forrester Research in the first quarter worth $186,000. Paloma Partners Management Co bought a new position in Forrester Research in the 1st quarter valued at $222,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Forrester Research during the 1st quarter valued at $223,000. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Up 0.9 %

Shares of FORR traded up $0.14 during trading hours on Tuesday, reaching $15.00. The stock had a trading volume of 95,914 shares, compared to its average volume of 118,731. The firm has a 50-day simple moving average of $17.36 and a 200 day simple moving average of $17.83. Forrester Research has a 12 month low of $14.39 and a 12 month high of $27.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $286.61 million, a price-to-earnings ratio of 500.00, a P/E/G ratio of 1.22 and a beta of 0.87.

Forrester Research (NASDAQ:FORR - Get Free Report) last issued 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 business had revenue of $121.83 million for the quarter, compared to analyst estimates of $121.21 million. Equities research analysts predict that Forrester Research will post 0.95 earnings per share for the current fiscal year.

Forrester Research Company 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.

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