Forrester Research Inc Director Robert Galford Sells 13,000 Shares
On February 13, 2024, Robert Galford, a director at Forrester Research Inc (NASDAQ:FORR), sold 13,000 shares of the company's stock, according to a recent SEC Filing. Forrester Research Inc is a global research and advisory firm that provides advice on the existing and potential impact of technology to its clients and the public.
Over the past year, the insider has sold a total of 13,000 shares and has not made any purchases of the company's stock. The insider transaction history at Forrester Research Inc indicates a pattern of 0 insider buys and 8 insider sells over the past year.
On the date of the insider's recent transaction, shares of Forrester Research Inc were trading at $20.73, resulting in a market capitalization of $390.742 million.
The stock's price-earnings ratio stands at 119.47, which is above both the industry median of 17.9 and the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a share price of $20.73 and a GF Value of $44.49, Forrester Research Inc's price-to-GF-Value ratio is 0.47, indicating that the stock is Significantly Undervalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
