Insider selling at 0.04% of market cap is noise. The cluster is too small to signal anything about the business. Monitor the next 10-Q for fundamental trends rather than reading into these sales.
Price Chart
Executive Summary
Three TechTarget insiders, including the CFO and Chief Revenue Officer, sold a total of $117K in open-market sales over a week at ~$3.85/share. The total value is only 0.04% of the $273M market cap — well below the 0.1% materiality threshold — making this a routine, non-informative cluster. Per academic literature, cluster sells are not predictive, and the dollar amount is trivial relative to company size.
Key Financial Metrics
Key Facts
- Three insiders sold: CFO Daniel Noreck ($22K), Charles Rennick ($13K), and CRO Steven Niemiec ($82K)
- Total open-market sales: $117K, representing 0.04% of $273M market cap
- All sales executed at ~$3.85/share within a 7-day window (Aug 21-28, 2026)
- No insider purchases in the cluster — net direction is selling
Financial Impact
$117K total insider sales, 0.04% of market cap — immaterial
Risk Factors
- No cross-filing context beyond this cluster; no earnings, restructuring, or late-filing signals to amplify the reading
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TTGT-1788333243787 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | Insider Cluster | $3.83 | awaiting T+60 | — | $3.80 (−0.78%) |
Sep 24, 2026 4w ago | Insider Cluster | $3.83 | awaiting T+60 | — | $3.80 (−0.78%) |
Sep 23, 2026 4w ago | 144 | $3.77 | awaiting T+60 | — | $3.80 (+0.80%) |
Sep 23, 2026 4w ago | 144 | $3.77 | awaiting T+60 | — | $3.80 (+0.80%) |
Sep 23, 2026 4w ago | 144 | $3.77 | awaiting T+60 | — | $3.80 (+0.80%) |
Sep 1, 2026 7w ago | Insider Cluster | $3.81 | awaiting T+60 | — | $3.80 (−0.26%) |
Aug 28, 2026 8w ago | 144 | $3.88 | awaiting T+60 | — | $3.80 (−2.06%) |
Aug 21, 2026 9w ago | 144 | $3.82 | awaiting T+60 | — | $3.80 (−0.52%) |
Jul 29, 2026 12w ago | 8-K | $4.49 $3.70 | ▲ +17.59% | ▲ +20.06% | $3.80 (+15.37%) |
Jun 11, 2026 19w ago | Institutional Cluster | $3.66 $4.05 | ▼ −10.66% | ▼ −6.26% | $3.80 (−3.83%) |
US Market Status
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