NASDAQ · FORR

Forrester Research, Inc.

Closing price · Nov 13, 2026 $9.13

Latest quarter · ended Sep 30, 2026

Sales slipped, but cash improved

descriptionFiled Nov 6, 2026
Revenue growthShrinking
−8.7%
Quarter ended Dec 31, 2024: −8.5% sales vs. a year beforeQuarter ended Mar 31, 2025: −10.2% sales vs. a year beforeQuarter ended Jun 30, 2025: −8.3% sales vs. a year beforeQuarter ended Sep 30, 2025: −8.0% sales vs. a year beforeQuarter ended Dec 31, 2025: −6.5% sales vs. a year beforeQuarter ended Mar 31, 2026: −4.9% sales vs. a year beforeQuarter ended Jun 30, 2026: −10.2% sales vs. a year beforeQuarter ended Sep 30, 2026: −8.7% sales vs. a year before
Dec '24Sep '26
$86.1M vs. $94.3M a year ago
Cash from operationsBetter
$8.38M
Quarter ended Dec 31, 2024: −$1.83M cash from operationsQuarter ended Mar 31, 2025: $26.7M cash from operationsQuarter ended Jun 30, 2025: −$3.63M cash from operationsQuarter ended Sep 30, 2025: $1.2M cash from operationsQuarter ended Dec 31, 2025: −$3.21M cash from operationsQuarter ended Mar 31, 2026: $25.6M cash from operationsQuarter ended Jun 30, 2026: −$555K cash from operationsQuarter ended Sep 30, 2026: $8.38M cash from operations
Dec '24Sep '26
+601% from $1.2M a year ago
Share countBuying back
−4.5%
Quarter ended Dec 31, 2024: 18.98M sharesQuarter ended Mar 31, 2025: 19.06M sharesQuarter ended Jun 30, 2025: 19.08M sharesQuarter ended Sep 30, 2025: 19M sharesQuarter ended Dec 31, 2025: 19.18M sharesQuarter ended Mar 31, 2026: 19.41M sharesQuarter ended Jun 30, 2026: 19.04M sharesQuarter ended Sep 30, 2026: 18.15M shares
Dec '24Sep '26
18.15M shares vs. 19M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Selling Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 −40
  • account_balance
    3 funds bought, 2 sold in the quarter ended Jun 30, 2026, counting funds that hold 500 stocks or fewer and $1M+ of this one. Index funds and banks are left out.
  • info
    3 real insider sales in 12 months. $199K in total, not counting planned sales.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

97 funds report owning FORR, down from 102

Holdings as of Jun 30, 2026
New18
Added34
Held11
Trimmed34
Sold out23

Last quarter

Who bought and who sold

Apr–Jun 2026
Portolan Capital Management, LLC
+5%
Nantahala Capital Management, LLC
+10%
Tieton Capital Management, LLC
+35%
Hotchkis & Wiley Capital Management LLC
−4%
ArrowMark Colorado Holdings LLC
−51%

Change in shares held from Mar 31 to Jun 30, 2026, biggest holdings first. Only funds that hold 500 stocks or fewer and $1M+ of this one: index funds and banks own almost everything, so their changes say little. Bars stop at ±100%.

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovShares withheld for tax · Dec 1 · $1.45KOption exercise · Feb 1 · $1.09KShares withheld for tax · Mar 1 · $1.18KShares withheld for tax · Mar 1 · $36.3K · 7 peopleOption exercise · Mar 1 · 15,168 sh · 7 peopleShares withheld for tax · Mar 1 · $13KOption exercise · Mar 1 · 6,266 shShares withheld for tax · Apr 1 · $110K · 8 peopleOption exercise · Apr 1 · 54,736 sh · 8 peopleShares withheld for tax · Apr 1 · $22.7KOption exercise · Apr 1 · 14,335 shStock grant · May 12 · 40,000 sh · 5 peopleShares withheld for tax · Jun 1 · $1.43KOption exercise · Jun 1 · 9,177 sh · 2 peopleShares withheld for tax · Jun 1 · $21.7K · 2 peopleShares withheld for tax · Aug 1 · $20.5K · 4 peopleOption exercise · Aug 1 · 4,472 sh · 4 peopleOption exercise · Sep 1 · 552 shShares withheld for tax · Sep 1 · $3.14KOpen-market sale · Aug 13 · $57.5KOpen-market sale · Aug 20 · $58.9KOpen-market sale · Aug 20 · $82.5K
CEOCFOOther officersDirectorsJunJulAugSepOctNovShares withheld for tax · Jun 1 · $1.43KOption exercise · Jun 1 · 9,177 sh · 2 peopleShares withheld for tax · Jun 1 · $21.7K · 2 peopleShares withheld for tax · Aug 1 · $20.5K · 4 peopleOption exercise · Aug 1 · 4,472 sh · 4 peopleOption exercise · Sep 1 · 552 shShares withheld for tax · Sep 1 · $3.14KOpen-market sale · Aug 13 · $57.5KOpen-market sale · Aug 20 · $58.9KOpen-market sale · Aug 20 · $82.5K

Last 6 months. A wider screen shows 12.

Showing 3 real trades. Hidden: 5 stock grants, 27 tax withholdings, 25 option exercises. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

Real trades, newest first

Aug 20 Leo Finn CFO Open-market sale $82.5K 7,000 sh at $11.78 Sold 17% of stake
Aug 20 Ryan Darrah Chief Legal Officer Open-market sale $58.9K 5,000 sh at $11.78 Sold 16% of stake
Aug 13 Carrie Johnson Chief Product Officer Open-market sale $57.5K 5,000 sh at $11.51 Sold 12% of stake

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in FORR

As of Jun 30, 2026
FundOwnsValueChange
Portolan Capital Management, LLC8.9%$13.7M+5%
Nantahala Capital Management, LLC4.2%$6.42M+10%
Tieton Capital Management, LLC4.2%$6.37M+35%
First Manhattan Co. LLC.4.1%$6.31MSame
Pacific Ridge Capital Partners, LLC3.9%$5.93M−1%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast