47,003 Shares in Forrester Research, Inc. (NASDAQ:FORR) Purchased by Axa S.A.

Axa S.A. purchased a new stake in Forrester Research, Inc. (NASDAQ:FORR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 47,003 shares of the technology company’s stock, valued at approximately $803,000. Axa S.A. owned 0.25% of Forrester Research as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kent Lake Capital LLC acquired a new position in shares of Forrester Research in the first quarter valued at approximately $11,473,000. Ballentine Partners LLC acquired a new position in Forrester Research in the 2nd quarter valued at $4,271,000. Acadian Asset Management LLC increased its position in Forrester Research by 511.8% during the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock worth $3,940,000 after buying an additional 193,116 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Forrester Research during the fourth quarter worth $2,327,000. Finally, Advisors Preferred LLC bought a new stake in shares of Forrester Research in the first quarter valued at about $1,428,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of the stock in a transaction dated 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 of the company’s stock, valued at $358,626.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.20% of the stock is currently owned by insiders.

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $16.93 on Wednesday. The business has a fifty day moving average price of $18.46 and a two-hundred day moving average price of $18.50. The stock has a market capitalization of $323.48 million, a PE ratio of 564.33, a P/E/G ratio of 1.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. Forrester Research, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $29.93.

Forrester Research (NASDAQ:FORR) last issued 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 return on equity of 6.52% and a net margin of 0.32%. The firm had revenue of $121.83 million for the quarter, compared to the consensus estimate of $121.21 million. As a group, equities analysts predict that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

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.