AQR Capital Management LLC Has $1.09 Million Position in Forrester Research, Inc. (NASDAQ:FORR)

AQR Capital Management LLC raised its position in Forrester Research, Inc. (NASDAQ:FORR) by 87.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,841 shares of the technology company’s stock after purchasing an additional 29,824 shares during the quarter. AQR Capital Management LLC’s holdings in Forrester Research were worth $1,090,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FORR. Kent Lake Capital LLC bought a new position in Forrester Research during the first quarter worth about $11,473,000. Ballentine Partners LLC bought a new position in Forrester Research in the second quarter valued at about $4,271,000. Acadian Asset Management LLC boosted its stake in shares of Forrester Research by 511.8% during the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 193,116 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Forrester Research during the fourth quarter worth about $2,327,000. Finally, Advisors Preferred LLC acquired a new position in Forrester Research in the 1st quarter valued at approximately $1,428,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Stock Up 2.0 %

Forrester Research stock opened at $16.20 on Friday. The firm has a market capitalization of $309.53 million, a price-to-earnings ratio of 540.00, a price-to-earnings-growth ratio of 1.27 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 1-year low of $15.79 and a 1-year high of $29.46. The firm’s fifty day moving average price is $17.99 and its two-hundred day moving average price is $18.27.

Forrester Research (NASDAQ:FORR) 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 return on equity of 6.52% and a net margin of 0.32%. The company had revenue of $121.83 million for the quarter, compared to analysts’ expectations of $121.21 million. On average, equities research analysts predict that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ryan Darrah sold 3,895 shares of the company’s stock in a transaction 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 sale, the insider now owns 19,640 shares of the company’s stock, valued at approximately $358,626.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Forrester Research from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

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.