Momentive Global Inc. (NASDAQ:MNTV) COO Sells $177,197.58 in Stock

Momentive Global Inc. (NASDAQ:MNTV – Get Rating) COO Priyanka Carr sold 18,891 shares of Momentive Global stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $9.38, for a total transaction of $177,197.58. Following the transaction, the chief operating officer now directly owns 358,631 shares in the company, valued at $3,363,958.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Momentive Global Price Performance

NASDAQ:MNTV opened at $9.39 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day simple moving average of $9.31 and a two-hundred day simple moving average of $8.09. Momentive Global Inc. has a 1 year low of $5.14 and a 1 year high of $13.48.

Momentive Global (NASDAQ:MNTV – Get Rating) last released its earnings results on Thursday, February 16th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Momentive Global had a negative return on equity of 19.60% and a negative net margin of 15.81%. The business had revenue of $122.39 million during the quarter, compared to the consensus estimate of $121.05 million. On average, analysts anticipate that Momentive Global Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on MNTV. Truist Financial downgraded shares of Momentive Global from a “buy” rating to a “hold” rating in a report on Monday, March 27th. Craig Hallum downgraded shares of Momentive Global from a “buy” rating to a “hold” rating and set a $9.50 price target on the stock. in a report on Tuesday, March 14th. Wells Fargo & Company downgraded shares of Momentive Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $10.00 to $9.46 in a report on Tuesday, March 14th. Needham & Company LLC cut shares of Momentive Global from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, Credit Suisse Group decreased their price target on shares of Momentive Global from $13.00 to $9.46 and set a “neutral” rating for the company in a research note on Tuesday, March 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.88.

Institutional Trading of Momentive Global

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Momentive Global by 50.1% in the fourth quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $28,000 after purchasing an additional 1,349 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Momentive Global by 232.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,890 shares of the company’s stock worth $36,000 after purchasing an additional 2,720 shares during the period. Captrust Financial Advisors grew its holdings in 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 buying an additional 6,265 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Momentive Global by 21.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,128 shares of the company’s stock valued at $57,000 after buying an additional 1,447 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings in Momentive Global by 21.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,128 shares of the company’s stock valued at $57,000 after buying an additional 1,447 shares in the last quarter. 77.56% of the stock is owned by hedge funds and other institutional investors.

About Momentive Global

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Momentive Global, Inc engages in providing Software-as-a-Service solutions that help businesses collect and analyze stakeholder sentiment at scale. It operates through the United States, Canada, Ireland, Netherland, and Rest of World geographical segments. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.