ExodusPoint Capital Management LP Acquires Shares of 16,870 Forrester Research, Inc. (NASDAQ:FORR)

ExodusPoint Capital Management LP purchased a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,870 shares of the technology company’s stock, valued at approximately $264,000. ExodusPoint Capital Management LP owned about 0.09% of Forrester Research at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after buying an additional 1,473 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Forrester Research during the fourth quarter valued at $111,000. Total Clarity Wealth Management Inc. bought a new position in Forrester Research in the fourth quarter valued at about $209,000. Rhumbline Advisers increased its position in Forrester Research by 7.8% in the fourth quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,337 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Forrester Research by 734.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock worth $377,000 after purchasing an additional 18,410 shares during the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Sidoti upgraded shares of Forrester Research to a “hold” rating in a research report on Wednesday, February 12th.

Forrester Research Stock Performance

Shares of Forrester Research stock opened at $8.94 on Monday. The firm has a fifty day moving average of $10.91 and a two-hundred day moving average of $14.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $169.69 million, a price-to-earnings ratio of -29.80, a PEG ratio of 1.22 and a beta of 0.93. Forrester Research, Inc. has a 52 week low of $8.71 and a 52 week high of $20.62.

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.