Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 87.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,841 shares of the technology company’s stock after buying an additional 29,824 shares during the quarter. AQR Capital Management LLC owned 0.33% of Forrester Research worth $1,090,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. AXA S.A. purchased a new stake in shares of Forrester Research during the 2nd quarter worth $803,000. Squarepoint Ops LLC acquired a new stake in shares of Forrester Research in the second quarter valued at approximately $483,000. Cubist Systematic Strategies LLC boosted its stake in shares of Forrester Research by 111.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock worth $1,470,000 after purchasing an additional 45,315 shares during the last quarter. Point72 DIFC Ltd grew 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 acquiring an additional 658 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Forrester Research by 17.9% during the 2nd quarter. Marshall Wace LLP now owns 23,445 shares of the technology company’s stock worth $400,000 after acquiring an additional 3,552 shares during the period. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Stock Performance

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

Forrester Research (NASDAQ:FORR) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.09). The firm had revenue of $121.83 million for the quarter, compared to the consensus estimate of $121.21 million. Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. On average, research analysts predict that Forrester Research, Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Ryan Darrah sold 3,895 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the transaction, the insider now directly owns 19,640 shares of the company’s stock, valued at approximately $358,626.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 39.20% of the company’s stock.

About Forrester Research

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.