Lazard Asset Management LLC Purchases 608 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Lazard Asset Management LLC lifted its position in Forrester Research, Inc. (NASDAQ:FORR – Get Rating) by 37.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,214 shares of the technology company’s stock after buying an additional 608 shares during the quarter. Lazard Asset Management LLC’s holdings in Forrester Research were worth $79,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in Forrester Research by 250.0% during the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock worth $26,000 after purchasing an additional 335 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Forrester Research by 105.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the technology company’s stock worth $49,000 after buying an additional 698 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Forrester Research by 14.9% during the second quarter. Mutual of America Capital Management LLC now owns 1,839 shares of the technology company’s stock worth $88,000 after buying an additional 238 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Forrester Research during the second quarter worth approximately $113,000. Finally, Bank of Montreal Can acquired a new position in shares of Forrester Research during the first quarter worth approximately $200,000. Institutional investors own 54.81% of the company’s stock.

Insider Activity at Forrester Research

In related news, Director Robert Galford sold 7,500 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $33.14, for a total value of $248,550.00. Following the completion of the transaction, the director now directly owns 29,353 shares in the company, valued at $972,758.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Forrester Research news, Director Robert Galford sold 7,500 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $33.14, for a total value of $248,550.00. Following the sale, the director now directly owns 29,353 shares in the company, valued at $972,758.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alicia Lee sold 1,000 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $34.54, for a total value of $34,540.00. Following the completion of the sale, the insider now owns 5,407 shares in the company, valued at $186,757.78. The disclosure for this sale can be found here. 40.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on FORR. TheStreet lowered Forrester Research from a “b-” rating to a “c” rating in a report on Monday, December 5th. Barrington Research cut their price target on Forrester Research from $48.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 13th.

Forrester Research Stock Performance

Shares of NASDAQ FORR opened at $34.09 on Tuesday. The business has a fifty day simple moving average of $35.58 and a 200 day simple moving average of $36.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $649.41 million, a price-to-earnings ratio of 30.17, a PEG ratio of 2.06 and a beta of 0.93. Forrester Research, Inc. has a one year low of $30.28 and a one year high of $59.56.

Forrester Research Profile

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Forrester Research, Inc engages in the provision of advisory services. It operates through the following business segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization.