FORR Forrester Research Inc

XNAS 12.33 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FORR $12.33 —
Key stats
$12.33
52-Week Range
$4.88 – $12.75
YTD
+51.29%
IV Rank (30D)
53.84
Straddle Price
$0.00
Market Cap
$0.2B
Open
$12.42
Day Range
$12.13 – $12.54
Volume
64,945
Prev Close
$12.48
Fair Value
MODEL: SHORT

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.96%
Beta vs SPY0.94
Cost of Equity (CAPM)9.65% (VRP-adj)
WACC9.22%
Volatility Risk Premium+169.8pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)-10.0%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$0.0B
Return on Equity (TTM)-35.0%
Book / Price45.1% — banking bias active (P/B is primary)
Gross Margin (TTM)56.7%
FCF Margin (TTM)0.8%
Debt / Equity0.33
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth+27.8% (reverse-DCF on current price)
SMA 50$11.78 (Market Anchor value)
SMA 20 / Bollinger Mid$11.71
Bollinger Width / SMA20115.4% (drives anchor stability)
Net Debt$-0.0B
Market Cap$0B
Peers used for multiples: BKU, DXC, KD, KSS, SM (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
65%
20-Day Fair Value
≈ by Nov 25, 2026
$12.33
α -0.0% rank 2%
conviction
3%
40-Day Fair Value
≈ by Dec 24, 2026
$12.33
α -0.0% rank 2%
conviction
1%
60-Day Fair Value
≈ by Jan 22, 2027
$12.07
α -2.1% rank 2%
conviction
65%
MethodImplied PriceWeightDetail
DCF $3.20 32%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 11.6× · 5 peers
Peer EV/EBITDA $7.07 19% median 4.7× · 5 peers
Peer P/B $5.72 25% median 1.0× · 5 peers
Peer P/S $4.32 25% median 0.2× · 5 peers
Market Anchor (SMA50) $11.78 0% stability 0% (BB-width)
Options Expected (B-L 30d) n/a 0%
As of 2026-10-27 · updated
About
Industry (SIC)
SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT (8700) · industry map
Exchange
XNAS
Market Cap
$0.2B
Employees
1,474
List Date
1996-11-27
CIK
0001023313
Next Earnings
2026-10-29 (After-Close)
EPS Forecast
$0.12 (2 est.)
Headquarters
Cambridge, MA
Homepage
https://www.forrester.com

Forrester Research Inc provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-4.23%-6.65%6.92%-1.05%-2.31%-0.49%-1.30%
Feb9.87%-5.01%-13.17%-21.82%-25.84%-26.45%-13.74%
Mar-7.73%12.10%-2.09%5.69%-14.37%-5.67%-2.01%
Apr0.35%-2.89%-2.80%-12.67%-0.11%16.70%-0.24%
May-2.12%-5.06%-7.45%2.16%11.54%11.20%1.71%
Jun5.82%-8.05%0.28%-4.10%-3.51%16.48%1.15%
Jul2.18%-2.35%9.67%17.59%-5.16%23.99%7.65%
Aug4.78%-12.50%-5.49%0.79%-10.97%8.27%-2.52%
Sep3.38%-12.19%-5.77%-2.07%10.53%-5.89%-2.00%
Oct7.36%15.38%-19.30%-13.35%-28.27%6.20%*-5.33%
Nov6.27%-17.03%7.32%18.23%-6.38%--1.68%
Dec5.99%0.31%8.41%-9.47%11.23%--3.29%
Total35.07%-39.29%-24.80%-24.70%-53.51%40.02%-11.20%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $11.71
SMA 50: $11.78
SMA 200: $8.51
Current: $12.33
EMA 12: $12.01
EMA 26: $11.81
MACD: 0.1981 | Signal: 0.0949
BULLISH
ADX (14): 19.79
RANGE
+DI: 28.15
−DI: 14.85

Momentum Oscillators

RSI (14): 59.22
NEUTRAL
Stoch %K: 84.83
Stoch %D: 82.48
Williams %R: -20.34

Volume & Volatility

BB Upper: $12.51
BB Lower: $10.92
NEUTRAL
OBV: 2,930,229
Vol SMA 20: 97,773
Vol ROC: -18.76%
ATR: $0.46
True Range: $0.40
HV 20: 37.3%
HV 30: 35.9%
HV 60: 35.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: FORR CURRENT PRICE: $7.21

Executive Summary Overall Assessment: NEUTRAL (6/10) Key Drivers: Technical indicators suggest a consolidation phase, while options metrics indicate a high level of volatility. Primary Risks: Downside risk if the stock fails to break above its current resistance levels; upside potential if it can overcome its short-term downtrend. Investment Thesis: FORR is trading within a range-bound environment, with technical and options signals suggesting a neutral bias. The recent lack of news headlines adds to this uncertainty. Recent News Sentiment Impact: N/A (no recent news available)

Technical Analysis Trend Direction: * Short-term (1-4 weeks): NEUTRAL * Medium-term (1-3 months): BEARISH * Long-term (3-12 months): BULLISH

Support/Resistance Levels: * Resistance: $8.05 (Bollinger Bands upper band) * Support: $6.68 (Bollinger Bands lower band)

Momentum Signals: * RSI (14): 41.67 (neutral) * MACD: -0.37 / Signal: 0.07 / Histogram: -0.43 (bearish) * Bollinger Bands signal: neutral

Volume Analysis: * Volume SMA 20: 113971.90 * On-Balance Volume (OBV): -1516196.00 * Volume Rate of Change: -80.74%

News & Sentiment Analysis Recent Headlines Summary: N/A (no recent news available) Sentiment Assessment: NEUTRAL (lack of recent news headlines)

Catalyst Identification: N/A (no recent news available)

Market Narrative: The lack of recent news headlines adds to the uncertainty, making it difficult to pinpoint a clear market narrative.

Risk & Volatility Assessment Beta Interpretation: Low risk relative to market (beta 0.45) Volatility Regime: Low volatility - stock moves less than market Options Market Signals: * IV Rank: 76.4% (High - shows if volatility is historically high/low) * Current IV: 217.6% * Expected Move: $1.20 (17 DTE), 7-DTE: $1.20

Downside Protection: Support levels and risk management considerations are crucial in this range-bound environment.

Market Context & Positioning Sector Performance: FORR is outperforming its sector Institutional Activity: Volume patterns suggesting institutional interest Correlation Analysis: FORR moves less than the market (beta 0.45)

Relative Valuation: FORR is trading within a relatively narrow range

Key Levels & Action Items Critical Price Levels: * Support: $6.68 (Bollinger Bands lower band) * Resistance: $8.05 (Bollinger Bands upper band) Breakout/Breakdown Levels: N/A (no clear breakout or breakdown levels)

Time-Sensitive Catalysts: Earnings information available, but no specific catalysts identified

Risk Management: Consider stop-loss levels and position sizing considerations in this range-bound environment.

By analyzing the provided data, it is evident that FORR is trading within a consolidation phase. The technical indicators suggest a neutral bias, while options metrics indicate high volatility. The lack of recent news headlines adds to the uncertainty, making it difficult to pinpoint a clear market narrative. As such, a NEUTRAL assessment is warranted, with caution advised in this range-bound environment.

Generated
Earnings History
15 of 15 under expected move
Avg Expected Move
22.54%
Avg Actual Move
5.64%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2022-02-10 After-Close 4.61% 0.69% 0.15x Within
2023-05-04 After-Close 17.75% 13.65% 0.77x Within
2023-07-27 After-Close 15.85% 2.52% 0.16x Within
2023-10-26 After-Close 22.21% 5.27% 0.24x Within
2024-02-08 After-Close 9.29% 7.35% 0.79x Within
2024-04-30 After-Close 27.82% 3.19% 0.11x Within
2024-07-30 After-Close 25.77% 4.07% 0.16x Within
2024-11-05 After-Close 19.89% 6.95% 0.35x Within
2025-02-11 Pre-Market 14.61% 0.27% 0.02x Within
2025-05-06 After-Close 32.66% 4.53% 0.14x Within
2025-07-31 After-Close 35.42% 12.32% 0.35x Within
2025-10-30 Pre-Market 26.35% 1.92% 0.07x Within
2026-02-12 After-Close 24.96% 9.66% 0.39x Within
2026-05-06 After-Close 35.30% 7.22% 0.20x Within
2026-07-30 Pre-Market 25.60% 5.02% 0.20x Within

Earnings calendar: this week’s reports with expected vs actual moves →

FORR Options Activity & IV Rank

FORR IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 108.4%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 25 (2026-11-20)

Options Flow

Call Volume: 0
Put Volume: 10
P/C Volume: —
Call OI: 0
Put OI: 10
P/C OI: —
Total OI: 10

ATM Options Pricing

ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%

Chain Summary

Chain Volume: 29
Chain OI: 38
Last Updated: 10/26/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 26 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 26 · ATM 122.1% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)53.8MediumOct 26
Straddle Price (30 DTE)$0.00Oct 26
Beta Analysis

Risk Metrics

Beta: 0.4337
Alpha: 37.69%
Correlation: 0.1000
R-Squared: 1.0%
Stock Volatility: 55.3%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own FORR
2 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$3.5M
0.00%
#1647 of 3138-4.2%13F
Millennium Management Hedge fund
Izzy Englander
$368K
0.00%
#3283 of 3716new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

FORR Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 19,091,500 (as of 2026-03-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

102 filers11,441,954 shares$96.12M value59.93% of float
# Filer Shares Value % of Total % of Float Period
1 Portolan Capital Management, LLC 1,623,925 $13.66M 14.21% 8.51% 2026-06-30
2 Nantahala Capital Management, LLC 763,446 $6.42M 6.68% 4.00% 2026-06-30
3 Tieton Capital Management, LLC 757,476 $6.37M 6.63% 3.97% 2026-06-30
4 FIRST MANHATTAN CO. LLC. 750,000 $6.31M 6.56% 3.93% 2026-06-30
5 Pacific Ridge Capital Partners, LLC 705,344 $5.93M 6.17% 3.69% 2026-06-30
6 Vanguard Group Inc Custodian 659,061 $5.35M 5.57% 3.45% 2025-12-31
7 Vanguard Capital Management LLC 500,395 $4.21M 4.38% 2.62% 2026-06-30
8 ACADIAN ASSET MANAGEMENT LLC 429,610 $3.61M 3.75% 2.25% 2026-06-30
9 RENAISSANCE TECHNOLOGIES LLC 418,206 $3.52M 3.66% 2.19% 2026-06-30
10 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 366,689 $3.08M 3.21% 1.92% 2026-06-30
11 AQR Capital Management, LLC Custodian 357,665 $3.01M 3.13% 1.87% 2026-06-30
12 Quantinno Capital Management LP 289,195 $2.43M 2.53% 1.51% 2026-06-30
13 BlackRock, Inc. Custodian 270,105 $2.27M 2.36% 1.41% 2026-06-30
14 Ancora Advisors LLC 269,891 $2.27M 2.36% 1.41% 2026-06-30
15 ArrowMark Colorado Holdings LLC 231,808 $1.95M 2.03% 1.21% 2026-06-30
16 Dimensional Fund Advisors LP Custodian 211,963 $1.78M 1.85% 1.11% 2026-06-30
17 SEI INVESTMENTS CO Custodian 200,406 $1.69M 1.75% 1.05% 2026-06-30
18 Russell Investments Group, Ltd. Custodian 199,012 $1.67M 1.74% 1.04% 2026-06-30
19 Geode Capital Management, LLC Custodian 169,088 $1.42M 1.48% 0.89% 2026-06-30
20 Jane Street Group, LLC Custodian 168,333 $1.42M 1.47% 0.88% 2026-06-30
21 Morgan Stanley Custodian 163,788 $1.38M 1.43% 0.86% 2026-06-30
22 Two Sigma Investments, LP Custodian 132,202 $1.11M 1.16% 0.69% 2026-06-30
23 Nierenberg Investment Management Company, LLC 131,110 $1.10M 1.15% 0.69% 2026-06-30
24 BRIDGEWAY CAPITAL MANAGEMENT, LLC 123,617 $1.04M 1.08% 0.65% 2026-06-30
25 KESTREL INVESTMENT MANAGEMENT CORP 91,500 $769.51K 0.80% 0.48% 2026-06-30
# Filer Notional Value % of Total Period
1 filers$12.62K notional
# Filer Notional Value % of Total Period
1 Simplex Trading, LLC Custodian $12.62K 100.00% 2026-06-30

FORR Insider Trading (Form 4)

Latest: 2026-09-02
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-02 Christophe Favre Chief Sales Officer Mixed +295 $12.23 -$3.1K EDGAR
2026-08-20 Ryan Darrah Chief Legal Officer Sell (S) −5,000 $11.78 -$58.9K EDGAR
2026-08-20 Leo Christian Finn Chief Financial Officer Sell (S) −7,000 $11.78 -$82.4K EDGAR
2026-08-14 Carrie Johnson Chief Product Officer Sell (S) −5,000 $11.51 -$57.5K EDGAR
2026-08-04 Scott Chouinard Chief Accounting Officer Mixed +654 $11.50 -$3.1K EDGAR
2026-08-04 Michael Facemire Chief Technology Officer Mixed +1,503 $11.50 -$12.7K EDGAR
2026-08-04 Christophe Favre Chief Sales Officer Mixed +333 $11.50 -$3.5K EDGAR
2026-08-04 Andrew Cox Chief Marketing Officer Mixed +202 $11.50 -$1.2K EDGAR
2026-06-02 Neil Bradford Director Tax (F) −198 $7.22 -$1.4K EDGAR
2026-06-02 Andrew Cox Chief Marketing Officer Mixed +2,696 $7.22 -$11.3K EDGAR
2026-06-02 Jobina Gonsalves Chief People Officer Mixed +3,472 $7.22 -$10.4K EDGAR
2026-05-13 Neil Bradford Director Award (A) +8,000 — EDGAR
2026-05-13 Cory Munchbach Director Award (A) +8,000 — EDGAR
2026-05-13 Warren N Romine Director Award (A) +8,000 — EDGAR
2026-05-13 Robert Paul Bennett Director Award (A) +8,000 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

FORR Insider Holdings

15 insiders · @ $12.33
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Neil Bradford Director 45,602 $562.3K $303.6K 38 2026-06-02
2 Anthony J Friscia Director 41,938 $517.1K -$47.3K 10 2026-05-13
3 Carrie Johnson Chief Product Officer 35,409 $436.6K -$1.12M 36 2026-08-14
4 Leo Christian Finn Chief Financial Officer 34,476 $425.1K -$82.4K 14 2026-08-20
5 Sharyn Leaver Chief Research Officer 31,760 $391.6K $0 12 2026-04-02
6 Warren N Romine Director 29,702 $366.2K $0 6 2026-05-13
7 Robert Paul Bennett Director 27,305 $336.7K $0 4 2026-05-13
8 Ryan Darrah Chief Legal Officer 27,244 $335.9K -$470.7K 29 2026-08-20
9 Cory Munchbach Director 22,737 $280.3K $0 3 2026-05-13
10 Scott Chouinard Chief Accounting Officer 18,064 $222.7K -$1.63M 58 2026-08-04
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

FORR Board & Officers

As of SEC filings through Sep 2, 2026

Directors 6

Officers 9

Changes in the last 10 years (32)
Feb 1, 2026Christophe Favre became Chief Sales Officer
Oct 31, 2025The company announced the departure of Nathaniel Swan as Chief Sales Officer in an SEC filing
May 13, 2025Andrew Cox became Chief Marketing Officer
Feb 7, 2025The company announced the departure of Yvonne Wassenaar from the board in an SEC filing
Feb 7, 2025The company announced the departure of Robert Galford from the board in an SEC filing
Feb 7, 2025The company announced the departure of David Boyce from the board in an SEC filing
Jul 22, 2024Robert Paul Bennett became a director
Jul 15, 2024Michael Facemire became Chief Technology Officer
Jun 1, 2024Cory Munchbach became a director
May 28, 2024Jobina Gonsalves became Chief People Officer
May 9, 2023The company announced the departure of Sarah Le Roy as Chief People Officer in an SEC filing
Sep 6, 2022The company announced the departure of Kelley Hippler as Chief Sales Officer in an SEC filing
Apr 29, 2022Sarah Le Roy became Chief People Officer
Mar 15, 2022Warren N Romine became a director
Mar 2, 2022Carrie Johnson listed as Chief Product Officer (previously Chief Research Officer) in SEC filings
Jan 21, 2022Sharyn Leaver became Chief Research Officer
Jan 21, 2022Alicia Lee became Chief Consulting Officer
Jan 3, 2022Nathaniel Swan became Chief Sales Officer
Sep 13, 2021Leo Christian Finn became Chief Financial Officer
Jun 1, 2020Michael Kasparian became Chief Information Officer
Not reported recently (17)
  • Steven P. Peltzman · Last reported as Cbto in an SEC filing dated Aug 5, 2024
  • Shirley Macbeth · Last reported as Chief Marketing Officer in an SEC filing dated Aug 5, 2024
  • Michael Kasparian · Last reported as Chief Information Officer in an SEC filing dated Jun 3, 2024
  • Gretchen Teichgraeber · Last reported as a director in an SEC filing dated Jun 2, 2023
  • Alicia Lee · Last reported as Chief Consulting Officer in an SEC filing dated Dec 16, 2022
  • Jean Birch · Last reported as a director in an SEC filing dated Jun 3, 2022
  • Sherri Kottmann · Last reported as Chief People Officer in an SEC filing dated Aug 4, 2021
  • Michael A Doyle · Last reported as Chief Financial Officer in an SEC filing dated Dec 16, 2020
  • Victor Milligan · Last reported as Chief Marketing Officer in an SEC filing dated Aug 5, 2019
  • Mack Brothers · Last reported as Chief Product Officer in an SEC filing dated Aug 5, 2019
  • Cliff Condon · Last reported as Chief Research Officer in an SEC filing dated Sep 4, 2018
  • Lucia Luce Quinn · Last reported as Chief People Officer in an SEC filing dated Aug 6, 2018
  • George Hornig · Last reported as a director in an SEC filing dated May 8, 2018
  • Henk Broeders · Last reported as a director in an SEC filing dated Sep 5, 2017
  • Michael Welles · Last reported as a director in an SEC filing dated Sep 5, 2017
  • Michael Morhardt · Last reported as Chief Sales Officer in an SEC filing dated Jun 8, 2017
  • Gail Mann · Last reported as Chief Legal Officer in an SEC filing dated Dec 1, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

FORR Proposed Insider Sales (Form 144)

Latest: 2026-08-20
Last 30d: 0 filings  ·  Last 90d: 1 filing · $82K notice value · 1 unique filer

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Leo Christian Finn (1, $82K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-20 Leo Christian Finn Officer 7,000 $82.4K 2026-08-20 Robert W. Baird & Co. Incorporat… — EDGAR
2025-05-20 David Boyce Former director 14,230 $151.2K 2025-05-20 Robert W. Baird & Co. Incorporat… — EDGAR
2025-05-13 Robert Galford Director 15,541 $161.6K 2025-05-13 Robert W. Baird & Co. Incorporat… — EDGAR
2024-09-03 Steven P. Peltzman Former officer 21,067 $404.1K 2024-09-03 Robert W. Baird & Co. Incorporat… — EDGAR
2024-08-05 Ryan Darrah Officer 3,895 $71.1K 2024-08-05 Robert W. Baird & Co. Incorporat… — EDGAR
2024-02-13 Robert Galford Director 13,000 $269.5K 2024-02-13 Robert W. Baird & Co. Incorporat… — EDGAR
2023-08-07 Steven P. Peltzman Officer 1,200 $38.5K 2023-08-07 Robert W. Baird & Co. Incorporat… — EDGAR
2023-08-01 Carrie Johnson Officer 3,000 $96.0K 2023-08-01 Robert W. Baird & Co. Incorporat… — EDGAR
2023-08-01 Ryan Darrah Officer 2,835 $90.6K 2023-08-01 Robert W. Baird & Co. Incorporat… — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
19 ETFs hold FORR
19 shown · $9.47M total exposure · 0.00% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $4.0M — 2026-09-30
2 VXF Vanguard Extended Market ETF Vanguard 0.00% $1.6M — 2026-09-30
3 DFMC Dimensional US Micro Cap ETF Dimensional 0.01% $650,894 — 2026-10-23
4 IWC iShares Micro-Cap ETF iShares (BlackRock) 0.04% $448,519 $1.2B 2026-10-23
5 DFAS Dimensional US Small Cap ETF Dimensional 0.00% $442,666 — 2026-10-23
6 SCHA Schwab U.S. Small-Cap ETF Nport 0.00% $408,061 — 2026-05-31
7 ONEQ Fidelity Nasdaq Composite Index ETF Fidelity 0.00% $385,570 $10.7B 2026-10-23
8 FSCC Federated Hermes MDT Small Cap Core ETF Nport 0.09% $240,680 — 2026-05-31
9 DFSV Dimensional US Small Cap Value ETF Dimensional 0.00% $240,215 — 2026-10-23
10 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.01% $236,434 $3.2B 2026-10-23
11 EES WisdomTree U.S. SmallCap Fund Nport 0.03% $212,723 — 2026-06-30
12 VIS Vanguard Industrials ETF Vanguard 0.00% $173,674 — 2026-09-30
13 SQLV Royce Quant Small-Cap Quality Value ETF Franklin 0.39% $155,613 $40.0M 2026-10-23
14 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.01% $147,867 — 2026-07-31
15 SCHB Schwab U.S. Broad Market ETF Nport 0.00% $49,350 — 2026-05-31
16 DFAU Dimensional US Core Equity Market ETF Dimensional 0.00% $43,181 $13.0B 2026-10-23
17 DCOR Dimensional US Core Equity 1 ETF Dimensional 0.00% $22,377 — 2026-10-23
18 DFSU Dimensional US Sustainability Core 1 ETF Dimensional 0.00% $11,132 $2.4B 2026-10-23
19 IVSS Applied Finance IVS US SMID ETF Nport 0.02% $5,980 — 2026-06-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$-2.84
TTM Revenue
$392.47M
TTM Net Income
$-53.91M
TTM Op. Cash Flow
$19.94M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '262026-03-31$85.45M$-21.82M$-1.14$25.58M
Q4 '252025-12-31$101.06M$-33.88M$-1.79$-3.21M
Q3 '252025-09-30$94.30M$-2.13M$-0.11$1.20M
Q2 '252025-06-30$111.66M$3.91M$0.20$-3.63M
Q1 '252025-03-31$89.88M$-87.27M$-4.62$26.72M
Q4 '242024-12-31$108.04M$432.00K$0.02$-1.83M
Q3 '242024-09-30$102.53M$-5.80M$-0.30$264.00K
Q2 '242024-06-30$121.83M$6.29M$0.33$-2.91M
Q1 '242024-03-31$100.08M$-6.67M$-0.35$611.00K
Q4 '232023-12-31$118.09M$-663.00K$-0.03$11.88M
Q3 '232023-09-30$113.43M$2.48M$0.13$-6.00M
Q2 '232023-06-30$135.59M$5.30M$0.28$3.51M
Q1 2026 • period ending 2026-03-31 • filed 2026-05-08
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
2.22
P/S
0.60
EV/EBITDA
9.65
EV/Sales
0.50
ROE
-50.8%
ROA
-13.2%
Div Yield
0.00%
FCF Yield
8.47%
Debt/Equity
0.33
Current Ratio
—
Market Cap
$235.40M
as of 2026-10-26
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
544.78K
SI % of Float
4.76%
Days to Cover
3.96
Short Vol Ratio
62.9%
Free Float
11.45M
Float %
60.2%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-08-19