TechTarget was announced to be removed from the S&P SmallCap 600 index, with the change effective prior to the open of trading on Monday, September 22, 2025. This exclusion is part of the quarterly rebalance by S&P Dow Jones Indices.
The removal indicates that TechTarget is no longer considered representative of the small-cap market space by the index provider. Such changes are typically driven by shifts in market capitalization or other index eligibility criteria.
Exclusion from a major index like the S&P SmallCap 600 can lead to selling pressure from passive funds that track the index, as they are required to divest shares of removed companies. This may impact the company's stock liquidity and investor visibility.
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