Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,392 shares of the technology company’s stock after selling 6,408 shares during the period. Cubist Systematic Strategies LLC’s holdings in Forrester Research were worth $194,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in Forrester Research by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,497 shares in the last quarter. SG Americas Securities LLC purchased a new position in Forrester Research during the fourth quarter worth about $111,000. Federated Hermes Inc. raised its holdings in Forrester Research by 89.2% during the fourth quarter. Federated Hermes Inc. now owns 100,099 shares of the technology company’s stock worth $1,569,000 after purchasing an additional 47,183 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Forrester Research by 8.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,518 shares of the technology company’s stock valued at $557,000 after buying an additional 2,862 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in Forrester Research in the fourth quarter valued at about $264,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Trading Down 4.3%

Shares of Forrester Research stock opened at $10.61 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $9.65 and a two-hundred day moving average of $13.07. Forrester Research, Inc. has a 12-month low of $8.50 and a 12-month high of $20.62. The stock has a market cap of $202.26 million, a PE ratio of -35.37, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94.

Wall Street Analysts Forecast Growth

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

Forrester Research 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.