Momentive Global Inc. (NASDAQ:MNTV) CAO Sells $124,547.64 in Stock

Momentive Global Inc. (NASDAQ:MNTV – Get Rating) CAO Cherie Buntyn sold 13,278 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $9.38, for a total transaction of $124,547.64. Following the completion of the transaction, the chief accounting officer now directly owns 147,650 shares of the company’s stock, valued at approximately $1,384,957. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Momentive Global Price Performance

NASDAQ:MNTV opened at $9.39 on Monday. The stock has a 50 day simple moving average of $9.31 and a 200 day simple moving average of $8.10. Momentive Global Inc. has a 1-year low of $5.14 and a 1-year high of $13.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.90 and a quick ratio of 0.90.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Momentive Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC lifted its stake in shares of Momentive Global by 45.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 19,791,330 shares of the company’s stock valued at $138,539,000 after acquiring an additional 6,141,786 shares during the last quarter. Morgan Stanley lifted its holdings in Momentive Global by 424.8% in the fourth quarter. Morgan Stanley now owns 7,108,897 shares of the company’s stock valued at $49,762,000 after buying an additional 5,754,403 shares during the period. Glazer Capital LLC bought a new stake in Momentive Global during the first quarter valued at $41,839,000. First Trust Capital Management L.P. bought a new position in shares of Momentive Global in the 1st quarter worth about $40,827,000. Finally, Norges Bank acquired a new position in shares of Momentive Global in the 4th quarter valued at about $18,833,000. Institutional investors own 77.56% of the company’s stock.

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.