FORR
Forrester Research, Inc.
NasdaqGSUSDEQUITY
Industrials
DELAYED
Last price
11.78
▲ 0.11 (0.94%)
MARKET · —
Price
Open
11.27
Prev close
11.67
Day high
11.97
Day low
11.56
Volume
70.49K
Market cap
$224.28M
P/E (TTM)
—
52W range
4.88 – 12.33
Trailing performance
Returnvs SPY
1W
+3.51%
+4.9%
1M
+33.11%
+29.4%
3M
+69.01%
+65.9%
6M
+91.86%
+80.8%
YTD
+45.07%
+32.8%
1Y
+22.58%
+2.6%
3Y
-62.12%
-136.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$224.28M
Enterprise value$156.84M
Revenue (TTM)$381.04M
Gross profit$217.23M
EBITDA$14.57M
Net income$-42.57M
EPS (TTM)$-2.23
Free cash flow$11.56M
Total cash$131.43M
Total debt$63.99M
Book value / share$6.31
Shares outstanding19.04M
Float9.64M
Short % of float14.59%
Dividend yield—
Beta (5Y)0.93
Valuation & profitability ratios
Trailing P/E—
Forward P/E13.02
PEG ratio1.45
Price / sales—
Price / book1.87
EV / revenue0.41
EV / EBITDA10.76
Gross margin57.01%
Operating margin5.45%
Profit margin-11.17%
Return on equity-30.28%
Return on assets0.55%
Debt / equity52.61
Current ratio1.06
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $396.89M | $432.47M | $480.78M | $537.79M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$119.36M | -$5.75M | $3.05M | $21.81M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$119.36M | -$5.75M | $3.05M | $21.81M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.27 | 0.40 | +50.9% |
| Mar 2026 | 0.12 | -0.04 | -134.8% |
| Dec 2025 | 0.21 | 0.17 | -20.3% |
| Sep 2025 | 0.31 | 0.37 | +20.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.21 | 2 | $81.76M | -13.3% |
| Next quarter | 0.21 | 2 | $87.72M | -13.2% |
| Current year | 0.78 | 2 | $355.17M | -10.5% |
| Next year | 0.91 | 2 | $357.68M | +0.7% |
Analyst targets & ownership
Mean target$12.00
High target$12.00
Low target$12.00
Implied upside1.87%
Analyst count1
ConsensusNONE
Strong buy / Buy0 / 0
Hold1
Sell / Strong sell0 / 0
Held by insiders40.50%
Held by institutions60.31%
Institutions holding137
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+132.90K
Net buying
Buy transactions
29
144.90K shares
Sell transactions
2
12.00K shares
Net transactions
+31
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
7.71M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 20, 26 | FINN LEO CHRISTIAN Chief Financial Officer |
SELL | 7.00K | $82.43K | Direct |
| Aug 13, 26 | JOHNSON CARRIE A. Officer |
SELL | 5.00K | $57.55K | Direct |
| Jul 31, 26 | FACEMIRE MICHAEL Chief Technology Officer |
— | 2.60K | — | Direct |
| Jul 31, 26 | COX ANDREW Officer |
— | 308 | — | Direct |
| Jul 31, 26 | FAVRE CHRISTOPHE Officer |
— | 634 | — | Direct |
| Jul 31, 26 | CHOUINARD SCOTT Officer |
— | 925 | — | Direct |
| Jun 1, 26 | GONSALVES JOBINA Officer |
— | 4.91K | — | Direct |
| Jun 1, 26 | COX ANDREW Officer |
— | 4.26K | — | Direct |
| May 12, 26 | FRISCIA ANTHONY J Director |
STOCK | 8.00K | $0 | Direct |
| May 12, 26 | BENNETT ROBERT PAUL Director |
STOCK | 8.00K | $0 | Direct |
| May 12, 26 | MUNCHBACH CORY Director |
STOCK | 8.00K | $0 | Direct |
| May 12, 26 | BRADFORD NEIL Director |
STOCK | 8.00K | $0 | Direct |
| May 12, 26 | ROMINE WARREN N Director |
STOCK | 8.00K | $0 | Direct |
| Apr 1, 26 | DARRAH RYAN Officer |
— | 9.32K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BENNETT ROBERT PAUL |
Director | 27.30K | Stock Award(Grant) |
BRADFORD NEIL |
Director | 45.80K | Stock Award(Grant) |
CHOUINARD SCOTT |
Officer | 17.79K | Conversion of Exercise of derivative security |
DARRAH RYAN |
Officer | 32.24K | Conversion of Exercise of derivative security |
FINN LEO CHRISTIAN |
Chief Financial Officer | 34.48K | Sale |
FRISCIA ANTHONY J |
Director | 41.94K | Stock Award(Grant) |
JOHNSON CARRIE A. |
Officer | 35.41K | Sale |
LEAVER SHARYN |
Officer | 28.80K | Conversion of Exercise of derivative security |
MUNCHBACH CORY |
Director | 22.74K | Stock Award(Grant) |
ROMINE WARREN N |
Director | 29.70K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
11.58
+1.71% from price
SMA 20
11.28
+4.44% from price
SMA 50
9.71
+21.35% from price
SMA 100
8.01
+47.09% from price
SMA 200
7.52
+56.73% from price
EMA 12
11.47
+2.68% from price
EMA 26
10.91
+7.94% from price
EMA 50
9.98
+18.08% from price
RSI (14)
62.1
Neutral
MACD (12,26,9)
0.56
Hist -0.08
ATR (14)
0.52
4.43% of price
Realised vol 30D
70.4%
Annualised
Bollinger upper
12.69
20, 2σ
Bollinger lower
9.87
20, 2σ
50 / 200 cross
Golden
9.71 vs 7.52
Trend bias
Above 200
+56.73%
Risk profile
Beta vs SPY
0.58
Less volatile than market
Correlation to SPY
0.13
Largely independent
Realised vol 30D
70.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-55.0%
Peak to trough
Max drawdown 5Y
-91.7%
Peak to trough
ATR 14
0.52
4.43% of price
Beta (reported)
0.93
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.08
Call-heavy session
Put / call open interest
3.44
Positioning, not flow
Max pain
10.00
-15.1% from spot
ATM implied vol
78.1%
Nearest strike to spot
Skew (10% OTM)
+33.0%
Puts bid over calls
Call volume
25
Contracts, this expiry
Put volume
2
Contracts, this expiry
Heaviest call OI
7.50
10 contracts
Heaviest put OI
10.00
54 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Are Options Traders Betting on a Big Move in Forrester Research Stock?
Zacks · 2d ago
Kore.ai Named a Leader by Gartner, Forrester, and Everest Group Across Five Major Enterprise AI Evaluations
Business Wire · 3d ago
Forrester Introduces AI Disruption Model To Assess AI’s Impact On Technology And Service Markets
Business Wire · 3d ago
Can C3.ai (AI) Justify A Rich Valuation After Forrester Recognition?
Simply Wall St. · 10d ago
C3.ai (AI) Is Up 5.8% After Forrester Names Its Agentic Platform a Leader - Has The Bull Case Changed?
Simply Wall St. · 11d ago
Why Did C3.ai (AI) Stock Move Today?
Simply Wall St. · 11d ago
Newgen Software Recognized in The Digital Process Automation Software Landscape, Q3 2026
PR Newswire · 12d ago
Quadient Named Among Leading Providers of Accounts Payable Invoice Automation in Forrester Wave Evaluation
GlobeNewswire · 12d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.