Home / Restatements / TechTarget, Inc.

5/5TechTarget, Inc. (TTGT): Non-reliance / restatement

Filed 2025-04-18 路 Form 8-K 路 Accession 0001193125-25-085811 small

Market data

Price before filing: $8.16 (2025-04-17 close, split/dividend-adjusted)
Market cap at flag: $583.3M (2025-04-17) 路 Latest: $272.6M (2026-10-16)

What happened next

WindowTTGTSPYvs SPY
30 days+0.2%+13.0%-12.8%2025-05-19
90 days-5.0%+19.7%-24.7%2025-07-17
180 days-32.6%+27.1%-59.7%2025-10-15

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-18 to 2025-05-18. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On April 18, 2025, the Audit Committee of the Board of Directors of the Company, in discussion with PricewaterhouseCoopers LLP (United Kingdom) and PricewaterhouseCoopers LLP (United States), the Company's independent registered public accounting firm, determined that (i) the previously issued audited combined financial statements of the Informa Tech Digital Businesses of Informa PLC as of December 31, 2023 and 2022..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Scope: previously issued financial statements

Why this score: also within 90 days: Late quarterly report (NT 10-Q)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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