Total Clarity Wealth Management Inc. Invests $209,000 in Forrester Research, Inc. (NASDAQ:FORR)

Total Clarity Wealth Management Inc. acquired a new stake in Forrester Research, Inc. (NASDAQ:FORR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,325 shares of the technology company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in FORR. Hotchkis & Wiley Capital Management LLC acquired a new position in Forrester Research during the third quarter valued at approximately $3,119,000. Millennium Management LLC grew its holdings in shares of Forrester Research by 134.7% in the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after buying an additional 157,510 shares during the period. AQR Capital Management LLC increased its position in shares of Forrester Research by 87.7% in the 2nd quarter. AQR Capital Management LLC now owns 63,841 shares of the technology company’s stock valued at $1,090,000 after buying an additional 29,824 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Forrester Research during the 2nd quarter worth $483,000. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in Forrester Research by 3.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock worth $14,129,000 after acquiring an additional 26,810 shares in the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th.

Forrester Research Stock Performance

Shares of FORR opened at $15.25 on Friday. The firm has a market cap of $289.69 million, a P/E ratio of -43.57, a PEG ratio of 1.02 and a beta of 0.91. Forrester Research, Inc. has a twelve month low of $13.96 and a twelve month high of $26.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $15.78 and its two-hundred day moving average price is $16.85.

Forrester Research Company 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.