Jane Street Group LLC Sells 108,643 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Jane Street Group LLC reduced its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 64.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,669 shares of the technology company’s stock after selling 108,643 shares during the period. Jane Street Group LLC’s holdings in Forrester Research were worth $1,075,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FORR. Point72 DIFC Ltd lifted its stake 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. FMR LLC raised its holdings in shares of Forrester Research by 138.7% in the third 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. Quest Partners LLC lifted its position in shares of Forrester Research by 1,438.0% during the second quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock worth $291,000 after purchasing an additional 15,933 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Forrester Research by 17.4% in the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after purchasing an additional 2,661 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Forrester Research by 734.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock worth $377,000 after buying an additional 18,410 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Trading Up 0.5 %

FORR opened at $15.79 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $16.12 and its two-hundred day moving average is $17.16. The company has a market capitalization of $299.95 million, a P/E ratio of -45.11, a PEG ratio of 1.36 and a beta of 0.90. Forrester Research, Inc. has a 52 week low of $14.38 and a 52 week high of $27.11.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, December 14th.

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.