Herald Investment Management Ltd Makes New $1.39 Million Investment in Forrester Research, Inc. (NASDAQ:FORR)

Key Points

• Herald Investment Management Ltd has made a significant new investment in Forrester Research, acquiring 150,000 shares worth approximately $1.39 million.
• Several hedge funds have increased their positions in Forrester Research, reflecting a broader interest in the company as institutional investors currently hold 55.20% of its stock.
• Analysts have upgraded Forrester Research from a "hold" to a "buy" rating, indicating positive sentiment towards its future performance.

Herald Investment Management Ltd bought a new stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the technology company's stock, valued at approximately $1,386,000. Herald Investment Management Ltd owned approximately 0.79% of Forrester Research as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Forrester Research by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after purchasing an additional 1,153 shares in the last quarter. Aquatic Capital Management LLC increased its stake 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 worth $87,000 after purchasing an additional 2,163 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Forrester Research by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock valued at $108,000 after purchasing an additional 1,497 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Forrester Research by 23.0% in the 4th quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company's stock valued at $203,000 after purchasing an additional 2,418 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Forrester Research by 6.5% in the 4th quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock valued at $205,000 after purchasing an additional 802 shares during the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Price Performance

Shares of NASDAQ FORR traded up $0.18 during midday trading on Tuesday, reaching $10.05. The company's stock had a trading volume of 97,265 shares, compared to its average volume of 75,948. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $191.51 million, a P/E ratio of -2.13, a P/E/G ratio of 0.91 and a beta of 0.94. The business's 50 day moving average price is $10.18 and its two-hundred day moving average price is $10.65. Forrester Research, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.74.

Analyst Upgrades and Downgrades

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

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.