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

Several other hedge funds have also modified their holdings of FORR. Tower Research Capital LLC TRC lifted its position in shares of 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 during the last quarter. Aquatic Capital Management LLC raised its stake in Forrester Research by 63.6% in the fourth quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock valued at $87,000 after buying an additional 2,163 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Forrester Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after buying an additional 1,497 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Forrester Research by 23.0% during the 4th quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company's stock worth $203,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of 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 acquiring an additional 802 shares during the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Forrester Research Stock Down 1.0%

FORR stock opened at $10.16 on Friday. The company's 50 day moving average is $10.20 and its two-hundred day moving average is $10.79. Forrester Research, Inc. has a twelve month low of $8.50 and a twelve month high of $19.74. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. The stock has a market cap of $193.65 million, a P/E ratio of -2.16, a PEG ratio of 0.94 and a beta of 0.94.

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.

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