State Street Corp Trims Holdings in Forrester Research, Inc. $FORR

Key Points

• State Street cut its Forrester Research stake by 74.8% in the second quarter, selling 193,857 shares and retaining 65,213 shares worth approximately $548,000. Institutional investors and hedge funds collectively own 55.2% of the company.
• Forrester reported quarterly EPS of $0.40, beating the $0.26 consensus estimate, while revenue of $100.23 million also exceeded expectations. The company issued fiscal 2026 EPS guidance of $0.72–$0.82.
• FORR shares opened at $11.40, near their 52-week high of $12.75, but analyst sentiment remains cautious, with an average rating of “Reduce” from one Hold and one Sell rating.

State Street Corp lowered its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 74.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,213 shares of the technology company's stock after selling 193,857 shares during the quarter. State Street Corp owned 0.34% of Forrester Research worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new position in shares of Forrester Research during the second quarter worth $93,000. Ancora Advisors LLC acquired a new stake in Forrester Research in the second quarter valued at $2,270,000. Nantahala Capital Management LLC acquired a new stake in Forrester Research in the second quarter valued at $6,420,581. Bank of America Corp DE bought a new position in Forrester Research during the 2nd quarter worth $296,000. Finally, Hsbc Holdings PLC acquired a new position in Forrester Research during the 2nd quarter worth about $322,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research Stock Performance

FORR stock opened at $11.40 on Friday. The stock has a 50-day moving average price of $11.39 and a 200-day moving average price of $8.47. Forrester Research, Inc. has a 1-year low of $4.88 and a 1-year high of $12.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The firm has a market cap of $217.06 million, a PE ratio of -5.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.94.

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

Analyst Ratings Changes

A number of equities analysts recently commented on FORR shares. 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 raised shares of Forrester Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Forrester Research presently has an average rating of "Reduce".

Insider Buying and Selling at Forrester Research

In other news, insider Ryan Darrah sold 5,000 shares of Forrester Research 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 40.70% of the stock is owned by corporate insiders.

Forrester Research Company Profile

Forrester Research, Inc is a global research and advisory firm that helps business and technology leaders make decisions about customers, digital transformation, technology investments, marketing, sales and organizational strategy. The company provides independent research, data and analysis designed to help clients understand market trends, evaluate business and technology providers, and improve customer and employee experiences.

Its offerings include syndicated research reports, forecasts, benchmarks, analyst guidance, consulting services, executive peer networks and events.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.