Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 58.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,368 shares of the technology company's stock after selling 36,728 shares during the quarter. Bank of America Corp DE owned approximately 0.14% of Forrester Research worth $413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Forrester Research by 60.8% during the 4th quarter. Ameriprise Financial Inc. now owns 35,800 shares of the technology company's stock worth $561,000 after acquiring an additional 13,530 shares in the last quarter. Northern Trust Corp increased its stake in shares of Forrester Research by 2.6% during the fourth quarter. Northern Trust Corp now owns 115,332 shares of the technology company's stock worth $1,807,000 after acquiring an additional 2,883 shares during the period. Aquatic Capital Management LLC lifted its position in shares of Forrester Research by 63.6% during the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock valued at $87,000 after acquiring an additional 2,163 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Forrester Research by 8.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,518 shares of the technology company's stock valued at $557,000 after acquiring an additional 2,862 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Forrester Research by 6.5% during the 4th quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock valued at $205,000 after acquiring an additional 802 shares during the period. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Forrester Research from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Forrester Research Trading Down 3.1%

FORR stock traded down $0.32 on Friday, hitting $10.02. 42,169 shares of the company were exchanged, compared to its average volume of 81,206. Forrester Research, Inc. has a twelve month low of $8.50 and a twelve month high of $20.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average is $10.03 and its two-hundred day moving average is $12.29. The stock has a market capitalization of $191.01 million, a price-to-earnings ratio of -33.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99.

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.