Momentive Global Inc. (NASDAQ:MNTV) Insider Sells $114,088.94 in Stock

Momentive Global Inc. (NASDAQ:MNTV – Get Rating) insider Lora D. Blum sold 12,163 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $9.38, for a total transaction of $114,088.94. Following the transaction, the insider now directly owns 239,811 shares in the company, valued at $2,249,427.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Momentive Global Stock Performance

Shares of MNTV opened at $9.39 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 0.90. Momentive Global Inc. has a 1 year low of $5.14 and a 1 year high of $13.48. The stock’s 50-day moving average price is $9.31 and its two-hundred day moving average price is $8.10.

Momentive Global (NASDAQ:MNTV – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $121.05 million. Equities analysts expect that Momentive Global Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Momentive Global

Several institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Momentive Global by 232.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,890 shares of the company’s stock valued at $36,000 after buying an additional 2,720 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Momentive Global by 50.1% during the 4th quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $28,000 after purchasing an additional 1,349 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Momentive Global during the 1st quarter worth approximately $82,000. Captrust Financial Advisors increased 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 worth $56,000 after acquiring an additional 6,265 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Momentive Global by 114.7% during the 1st quarter. Point72 Hong Kong Ltd now owns 6,409 shares of the company’s stock worth $104,000 after acquiring an additional 3,424 shares during the last quarter. 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.