Portolan Capital Management LLC Buys 44,874 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Portolan Capital Management LLC raised its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251,473 shares of the technology company's stock after purchasing an additional 44,874 shares during the period. Portolan Capital Management LLC owned approximately 1.32% of Forrester Research worth $3,941,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company's stock worth $46,000 after buying an additional 1,473 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Forrester Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock valued at $108,000 after purchasing an additional 1,497 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Forrester Research in the 4th quarter valued at approximately $111,000. Total Clarity Wealth Management Inc. bought a new stake in Forrester Research during the 4th quarter worth approximately $209,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Forrester Research during the 4th quarter worth approximately $264,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Sidoti upgraded shares of Forrester Research to a "hold" rating in a report on Wednesday, February 12th.

Forrester Research Stock Down 1.4 %

Shares of FORR traded down $0.13 during midday trading on Friday, hitting $9.12. The stock had a trading volume of 137,570 shares, compared to its average volume of 88,239. The firm has a market cap of $173.11 million, a price-to-earnings ratio of -30.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The company has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $13.91. Forrester Research, Inc. has a twelve month low of $8.50 and a twelve month high of $20.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

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.