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TechTarget Inc. (TTGT) CEO Greg Strakosch sells 258,750 Shares

September 11, 2009 | About:
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CEO of TechTarget Inc. (TTGT) Greg Strakosch sells 258,750 shares of TTGT on 09/09/2009 at an average price of $5.63 a share.

TECHTARGET a leading online Information Technology media company provides IT companies with ROI-focused marketing programs to generate leads shorten sales cycles and grow revenues. The company is also a leading provider of independent peer and vendor content a leading distributor of white papers and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco Dell EMC HP IBM Intel Microsoft SAP and Symantec. Techtarget Inc. has a market cap of $249.2 million; its shares were traded at around $5.97 with a P/E ratio of 54.2 and P/S ratio of 2.4.

TTGT is in the portfolios of Ron Baron of Baron Funds.

Recent Trades of TechTarget Inc. by CFO:

  • Sell: CFO Eric Sockol sold 3,000 shares of TTGT stock on 08/20/2009 at the average price of $7.57; the price of the stock has decreased by 21.14% since.


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GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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