BlackRock Inc. Reduces Holdings in Forrester Research, Inc. $FORR

Key Points

• BlackRock reduced its Forrester Research stake by 70.2% in the second quarter, selling 637,272 shares and retaining 270,105 shares worth approximately $2.27 million.
• Other institutional investors modestly increased their holdings, and hedge funds and institutions collectively own 55.2% of Forrester’s stock. Analysts’ consensus rating remains “Reduce,” despite one recent upgrade to “Buy.”
• Forrester’s latest quarterly results exceeded expectations, with EPS of $0.40 versus a $0.26 estimate and revenue of $100.23 million versus a $96.91 million forecast. The stock opened at $12.65, near its 12-month high of $12.75.

BlackRock Inc. trimmed its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 70.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 270,105 shares of the technology company's stock after selling 637,272 shares during the quarter. BlackRock Inc. owned approximately 1.39% of Forrester Research worth $2,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Forrester Research by 7.8% during the 2nd quarter. Jane Street Group LLC now owns 20,741 shares of the technology company's stock worth $205,000 after acquiring an additional 1,494 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Forrester Research by 9.7% in the 2nd quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company's stock worth $194,000 after purchasing an additional 1,728 shares during the period. Bank of New York Mellon Corp lifted its position in Forrester Research by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company's stock valued at $389,000 after purchasing an additional 2,266 shares in the last quarter. Federated Hermes Inc. lifted its position in Forrester Research by 1.0% during the second quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company's stock valued at $2,503,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Forrester Research by 9.7% during the fourth quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company's stock valued at $253,000 after purchasing an additional 2,752 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FORR. Weiss Ratings raised Forrester Research from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Forrester Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Forrester Research Stock Performance

NASDAQ:FORR opened at $12.65 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. Forrester Research, Inc. has a 12-month low of $4.88 and a 12-month high of $12.75. The stock has a 50-day moving average price of $10.78 and a 200 day moving average price of $7.86. The stock has a market capitalization of $240.86 million, a P/E ratio of -5.62, a P/E/G ratio of 2.38 and a beta of 0.94.

Forrester Research (NASDAQ:FORR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.14. The company had revenue of $100.23 million for the quarter, compared to analysts' expectations of $96.91 million. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Equities research analysts forecast that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Insider Transactions at Forrester Research

In other Forrester Research news, insider Ryan Darrah sold 5,000 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $11.78, for a total value of $58,900.00. Following the sale, the insider owned 27,244 shares in the company, valued at $320,934.32. The trade was a 15.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 40.70% of the company's stock.

Forrester Research Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester's core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.

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