Momentive Global Inc. (NASDAQ:MNTV) COO Sells $74,050.32 in Stock

Momentive Global Inc. (NASDAQ:MNTVGet Rating) COO Priyanka Carr sold 9,176 shares of Momentive Global stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total transaction of $74,050.32. Following the completion of the sale, the chief operating officer now owns 254,148 shares of the company’s stock, valued at approximately $2,050,974.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Momentive Global Price Performance

Shares of NASDAQ:MNTV opened at $7.74 on Monday. The firm has a 50 day moving average of $6.91 and a 200-day moving average of $8.67. The stock has a market capitalization of $1.15 billion, a PE ratio of -9.00 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Momentive Global Inc. has a 12 month low of $5.14 and a 12 month high of $22.58.

Momentive Global (NASDAQ:MNTVGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $121.38 million for the quarter, compared to analyst estimates of $120.50 million. Momentive Global had a negative net margin of 26.84% and a negative return on equity of 37.13%. On average, equities research analysts predict that Momentive Global Inc. will post -0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MNTV. Needham & Company LLC dropped their price objective on shares of Momentive Global from $19.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Credit Suisse Group dropped their price objective on shares of Momentive Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Truist Financial dropped their price objective on shares of Momentive Global from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of Momentive Global from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, August 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.25.

Institutional Investors Weigh In On Momentive Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Momentive Global by 339.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,660 shares of the company’s stock valued at $41,000 after purchasing an additional 3,600 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Momentive Global by 11,390.9% during the 2nd quarter. Captrust Financial Advisors now owns 6,320 shares of the company’s stock valued at $56,000 after purchasing an additional 6,265 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Momentive Global during the 3rd quarter valued at approximately $63,000. CenterBook Partners LP bought a new stake in shares of Momentive Global during the 3rd quarter valued at approximately $71,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Momentive Global during the 3rd quarter valued at approximately $72,000. 77.95% of the stock is owned by institutional investors.

About Momentive Global

(Get Rating)

Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

Further Reading

Insider Buying and Selling by Quarter for Momentive Global (NASDAQ:MNTV)

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