FORR
Forrester Research, Inc.
NasdaqGSUSDEQUITY
Industrials
DELAYED
Neutral
+16/100
Last price
11.23
▼ 0.01 (0.04%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
11.24
Prev close
11.23
Day high
11.39
Day low
11.16
Volume
71.77K
Market cap
$213.71M
P/E (TTM)
—
52W range
4.88 – 12.75
Day trading desk
Gap from prior close
+0.09%
Prior close 11.23
VWAP
11.25
-0.25% from price
Relative volume
1.14×
Normal
Session range
2.06%
11.16 – 11.39
Position in range
28%
Near session low
ATR (14D)
0.49
4.34% of price
Prior day high
11.38
PDH
Prior day low
10.81
PDL
Bid / ask spread
—
Quote not published
Session volume
135.64K
Avg 118.98K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.11%
-5.1%
1M
-11.23%
-12.4%
3M
+16.86%
+12.3%
6M
+106.43%
+88.3%
YTD
+38.30%
+24.1%
1Y
+18.46%
+2.0%
3Y
-61.14%
-143.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
5 more panels on FORR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+40.38K
Net buying
Buy transactions
13
57.38K shares
Sell transactions
3
17.00K shares
Net transactions
+16
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
7.71M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 1, 26 | FAVRE CHRISTOPHE Officer |
— | 552 | — | Direct |
| Aug 20, 26 | DARRAH RYAN Officer |
SELL | 5.00K | $58.88K | Direct |
| 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 | BRADFORD NEIL Director |
STOCK | 8.00K | $0 | 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 |
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 | 27.24K | Sale |
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) |
Fundamentals
Market cap$213.71M
Enterprise value$146.27M
Revenue (TTM)$381.04M
Gross profit$217.23M
EBITDA$14.57M
Net income$-42.57M
EPS (TTM)$-2.24
Free cash flow$11.56M
Total cash$131.43M
Total debt$63.99M
Book value / share$6.31
Shares outstanding19.04M
Float9.68M
Short % of float14.98%
Dividend yield0.00%
Beta (5Y)1.00
Valuation & profitability ratios
Trailing P/E—
Forward P/E12.40
PEG ratio1.26
Price / sales—
Price / book1.78
EV / revenue0.38
EV / EBITDA10.04
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 | YoY |
|---|---|---|---|---|---|
| Total revenue | $396.89M | $432.47M | $480.78M | $537.79M | -8.2% |
| Operating revenue | $396.89M | $432.47M | $480.78M | $537.79M | -8.2% |
| Cost of revenue | $170.72M | $182.53M | $204.48M | $223.77M | -6.5% |
| Gross profit | $226.17M | $249.94M | $276.30M | $314.01M | -9.5% |
| Selling, general & admin | $202.14M | $218.44M | $235.85M | $249.59M | -7.5% |
| Total operating expense | $224.22M | $235.65M | $256.26M | $272.02M | -4.8% |
| Operating income | $1.95M | $14.29M | $20.04M | $41.99M | -86.4% |
| Net interest income | -$2.68M | -$3.01M | -$3.06M | -$2.46M | +11.0% |
| Pre-tax income | -$119.41M | $2.64M | $6.29M | $30.72M | -4,628.2% |
| Tax provision | -$49.00K | $8.38M | $3.23M | $8.92M | -100.6% |
| Net income | -$119.36M | -$5.75M | $3.05M | $21.81M | -1,976.9% |
| Net income to common | -$119.36M | -$5.75M | $3.05M | $21.81M | -1,976.9% |
| Basic EPS | -6.28 | -0.30 | 0.16 | 1.15 | -1,993.3% |
| Diluted EPS | -6.28 | -0.30 | 0.16 | 1.14 | -1,993.3% |
| EBIT | -$116.73M | $5.65M | $9.35M | $33.19M | -2,166.7% |
| EBITDA | -$95.28M | $35.83M | $41.41M | $70.13M | -365.9% |
| Basic shares | 19.02M | 19.09M | 19.18M | 18.97M | -0.4% |
| Diluted shares | 19.02M | 19.09M | 19.26M | 19.17M | -0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $63.34M | $56.09M | $72.91M | $103.63M | — | +12.9% |
| Cash & short-term investments | $127.66M | $104.67M | $124.49M | $123.32M | — | +22.0% |
| Accounts receivable | $50.85M | $55.49M | $59.00M | $73.34M | — | -8.4% |
| Total current assets | $212.69M | $201.36M | $216.00M | $235.29M | — | +5.6% |
| Property, plant & equipment | $41.88M | $38.75M | $59.12M | $73.18M | — | +8.1% |
| Goodwill & intangibles | $139.11M | $255.43M | $281.89M | $291.65M | — | -45.5% |
| Total assets | $404.03M | $503.86M | $564.17M | $608.44M | — | -19.8% |
| Total current liabilities | $240.06M | $203.97M | $240.08M | $269.39M | — | +17.7% |
| Current debt | $35.00M | — | — | — | — | — |
| Long-term debt | — | $35.00M | $35.00M | $50.00M | $75.00M | — |
| Total debt | $71.89M | $72.57M | $86.85M | $114.38M | — | -0.9% |
| Total liabilities | $277.51M | $274.32M | $323.91M | $386.78M | — | +1.2% |
| Retained earnings | $52.57M | $171.93M | $177.68M | $174.63M | — | -69.4% |
| Shareholder equity | $126.53M | $229.54M | $240.26M | $221.66M | — | -44.9% |
| Working capital | -$27.38M | -$2.61M | -$24.08M | -$34.10M | — | -950.1% |
| Net tangible assets | -$12.59M | -$25.90M | -$41.63M | -$70.00M | — | +51.4% |
| Shares issued | 25.54M | 25.12M | 24.68M | 24.37M | — | +1.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$119.36M | -$5.75M | $3.05M | $21.81M | -1,976.9% |
| Depreciation & amortisation | $21.45M | $30.18M | $32.07M | $36.94M | -28.9% |
| Stock-based compensation | $12.26M | $14.34M | $15.49M | $14.54M | -14.6% |
| Change in working capital | -$8.32M | -$45.50M | -$24.39M | -$28.88M | +81.7% |
| Operating cash flow | $21.08M | -$3.86M | $21.67M | $39.42M | +646.0% |
| Capital expenditure | -$2.99M | -$3.40M | -$5.50M | -$5.66M | +12.1% |
| Investing cash flow | -$14.07M | $5.02M | -$36.76M | -$6.81M | -380.3% |
| Share buybacks | -$2.54M | -$15.92M | -$4.08M | -$15.11M | +84.0% |
| Financing cash flow | -$2.57M | -$16.10M | -$18.30M | -$38.87M | +84.0% |
| Free cash flow | $18.09M | -$7.26M | $16.18M | $33.76M | +349.2% |
| End cash position | $65.59M | $58.19M | $75.04M | $105.65M | +12.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $100.23M | $85.45M | $101.06M | $94.30M | $111.66M | +17.3% |
| Operating revenue | $100.23M | $85.45M | $101.06M | $94.30M | $111.66M | +17.3% |
| Cost of revenue | $43.72M | $38.63M | $43.75M | $37.71M | $49.65M | +13.2% |
| Gross profit | $56.52M | $46.82M | $57.31M | $56.58M | $62.01M | +20.7% |
| Selling, general & admin | $47.78M | $48.99M | $54.20M | $48.49M | $50.68M | -2.5% |
| Total operating expense | $51.95M | $52.51M | $57.65M | $58.64M | $54.56M | -1.1% |
| Operating income | $4.56M | -$5.68M | -$346.00K | -$2.05M | $7.45M | +180.3% |
| Net interest income | -$386.00K | -$804.00K | -$654.00K | -$684.00K | -$675.00K | +52.0% |
| Pre-tax income | $2.91M | -$18.72M | -$36.53M | -$1.69M | $7.12M | +115.6% |
| Tax provision | -$12.34M | $3.10M | -$2.66M | $437.00K | $3.20M | -497.6% |
| Net income | $15.25M | -$21.82M | -$33.88M | -$2.13M | $3.91M | +169.9% |
| Net income to common | $15.25M | -$21.82M | -$33.88M | -$2.13M | $3.91M | +169.9% |
| Basic EPS | 0.79 | -1.14 | -1.78 | -0.11 | 0.21 | +169.3% |
| Diluted EPS | 0.78 | -1.14 | -1.78 | -0.11 | 0.20 | +168.4% |
| EBIT | $3.30M | -$17.92M | -$35.88M | -$1.00M | $7.79M | +118.4% |
| EBITDA | $6.57M | -$12.83M | -$31.17M | $8.16M | $11.67M | +151.3% |
| Basic shares | 19.40M | 19.07M | 19.00M | 19.11M | 19.06M | +1.7% |
| Diluted shares | 19.45M | 19.07M | 19.00M | 19.11M | 19.16M | +2.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $59.52M | $73.90M | $63.34M | $65.12M | $67.77M | — | -19.5% |
| Cash & short-term investments | $130.83M | $145.47M | $127.66M | $131.95M | $134.95M | — | -10.1% |
| Accounts receivable | $36.11M | $40.90M | $50.85M | $33.59M | $40.24M | — | -11.7% |
| Total current assets | $222.03M | $218.37M | $212.69M | $193.64M | $214.20M | — | +1.7% |
| Property, plant & equipment | $60.90M | $48.90M | $41.88M | $41.59M | $43.28M | — | +24.5% |
| Goodwill & intangibles | $123.59M | $125.77M | $139.11M | $168.02M | $170.42M | — | -1.7% |
| Total assets | $416.51M | $409.07M | $404.03M | $414.18M | $436.04M | — | +1.8% |
| Total current liabilities | $208.78M | $237.89M | $240.06M | $182.10M | $197.23M | — | -12.2% |
| Current debt | — | — | $35.00M | — | — | — | — |
| Long-term debt | $35.00M | $35.00M | — | $35.00M | $35.00M | $35.00M | 0.0% |
| Total debt | $63.99M | $62.34M | $71.89M | $66.79M | $70.11M | — | +2.6% |
| Total liabilities | $294.87M | $303.01M | $277.51M | $256.51M | $276.50M | — | -2.7% |
| Retained earnings | $46.00M | $30.75M | $52.57M | $86.45M | $88.58M | — | +49.6% |
| Shareholder equity | $121.64M | $106.05M | $126.53M | $157.67M | $159.54M | — | +14.7% |
| Working capital | $13.25M | -$19.51M | -$27.38M | $11.53M | $16.97M | — | +167.9% |
| Net tangible assets | -$1.95M | -$19.71M | -$12.59M | -$10.35M | -$10.88M | — | +90.1% |
| Shares issued | 19.28M | 25.70M | 25.54M | 25.51M | 25.36M | — | -25.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $15.25M | -$21.82M | -$33.88M | -$2.13M | $3.91M | — | +169.9% |
| Depreciation & amortisation | $1.70M | $5.09M | $4.71M | $9.17M | $1.47M | — | -66.5% |
| Stock-based compensation | $2.89M | $2.72M | $2.42M | $3.37M | $3.99M | — | +6.4% |
| Change in working capital | -$48.76M | $38.64M | -$2.85M | -$9.71M | -$15.07M | — | -226.2% |
| Operating cash flow | -$555.00K | $25.58M | -$3.21M | $1.20M | -$3.63M | — | -102.2% |
| Capital expenditure | -$12.04M | -$6.20M | -$1.06M | -$673.00K | -$602.00K | — | -94.3% |
| Investing cash flow | -$11.81M | -$14.07M | $1.64M | -$956.00K | -$6.28M | — | +16.0% |
| Share buybacks | — | — | -$133.00K | -$2.36M | -$44.00K | $0 | — |
| Financing cash flow | -$1.66M | $148.00K | -$195.00K | -$2.12M | -$485.00K | — | -1,224.3% |
| Free cash flow | -$12.60M | $19.38M | -$4.28M | $524.00K | -$4.23M | — | -165.0% |
| End cash position | $61.73M | $76.12M | $65.59M | $67.37M | $70.06M | — | -18.9% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
10.00
-10.9% from spot
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
10.00
0 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.
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 upside6.90%
Analyst count1
ConsensusHOLD
Strong buy / Buy0 / 0
Hold1
Sell / Strong sell0 / 0
Held by insiders40.50%
Held by institutions60.24%
Institutions holding133
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.45
-1.94% from price
SMA 20
11.55
-2.75% from price
SMA 50
11.63
-3.42% from price
SMA 100
9.81
+14.43% from price
SMA 200
8.22
+36.61% from price
EMA 12
11.44
-1.89% from price
EMA 26
11.52
-2.56% from price
EMA 50
11.18
+0.39% from price
RSI (14)
44.0
Neutral
MACD (12,26,9)
-0.08
Hist -0.06
ATR (14)
0.49
4.34% of price
Realised vol 30D
31.2%
Annualised
Bollinger upper
12.09
20, 2σ
Bollinger lower
11.01
20, 2σ
50 / 200 cross
Golden
11.63 vs 8.22
Trend bias
Above 200
+36.61%
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.
Risk profile
Beta vs SPY
0.52
Less volatile than market
Correlation to SPY
0.12
Largely independent
Realised vol 30D
31.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-46.4%
Peak to trough
Max drawdown 5Y
-91.7%
Peak to trough
ATR 14
0.49
4.34% of price
Beta (reported)
1.00
5Y monthly, from filing
Short interest
Shares short
602.05K
Prior 614.64K
Change vs prior
-2.0%
Shorts covering
% of float
14.98%
Elevated
% of shares out
3.16%
Against total outstanding
Days to cover
6.1
Crowded exit
Float
9.68M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 30, 23 | Barrington Research | DOWNGRADE | Outperform | Market Perform |
| Jul 31, 23 | Barrington Research | MAINTAINED | Outperform | Outperform |
| May 15, 23 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Feb 13, 23 | Barrington Research | MAINTAINED | — | Outperform |
| Feb 28, 19 | Maxim Group | INITIATED | — | Buy |
| Oct 6, 15 | Barrington Research | INITIATED | — | Market Perform |
| Feb 14, 13 | Noble Capital Markets | DOWNGRADE | Buy | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield1.46%
Payout ratio0.00%
Ex-dividend dateDec 11, 2018
Next pay dateDec 26, 2018
Last split2:1
Split dateFeb 8, 2000
SEC filings
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-07-30
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Periodic Financial Reports
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Proxy Statements
DEF 14A · 2026-03-31
Periodic Financial Reports
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Headlines
Forrester’s 2027 European Predictions: Despite A Strong Desire To Regain Its Digital Sovereignty, Europe Will Selectively Reset, Not Sever, Key Technology Relationships
Business Wire · 7d ago
CrowdStrike (CRWD) Lands Forrester Leadership Nod As AI Security Ties Deepen
Simply Wall St. · 18d ago
The Agent Production Gap: When 171% ROI Isn’t Enough to Ship
Forkast News · 31d ago
Why CX budget planning is broken — and how to fix it for 2027
CX Dive · 37d ago
Anteriad Named a Notable Vendor in New B2B Intent Data Report
GlobeNewswire · 43d ago
The Future of Retail Isn't Checkout. It's Connection.
PR Newswire · 43d ago
SAS a Leader in financial crime management solutions, says top research and advisory firm
PR Newswire · 44d ago
Are Options Traders Betting on a Big Move in Forrester Research Stock?
Zacks · 47d ago
PRIVATE STRATEGY · BY QUALIFICATION
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