Swiss National Bank Makes New $5.70 Million Investment in Momentive Global Inc. (NASDAQ:MNTV)

Swiss National Bank purchased a new stake in Momentive Global Inc. (NASDAQ:MNTV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 270,300 shares of the company’s stock, valued at approximately $5,695,000.

Several other hedge funds also recently bought and sold shares of the company. Delta Asset Management LLC TN purchased a new stake in shares of Momentive Global in the second quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Momentive Global in the second quarter valued at approximately $42,000. Advisor Group Holdings Inc. purchased a new stake in shares of Momentive Global in the second quarter valued at approximately $53,000. Keebeck Alpha LP purchased a new stake in shares of Momentive Global in the second quarter valued at approximately $242,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Momentive Global in the second quarter valued at approximately $305,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

MNTV has been the subject of a number of analyst reports. Zacks Investment Research lowered Momentive Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 10th. Credit Suisse Group increased their price objective on Momentive Global from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 5th. Finally, Needham & Company LLC increased their price objective on Momentive Global from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, August 5th.

Shares of Momentive Global stock opened at $19.22 on Friday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -26.69 and a beta of 1.26. Momentive Global Inc. has a fifty-two week low of $16.35 and a fifty-two week high of $28.12. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $20.42.

Momentive Global (NASDAQ:MNTV) last issued its quarterly earnings data on Wednesday, August 4th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The business had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $107.43 million. Momentive Global had a negative return on equity of 29.87% and a negative net margin of 25.31%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities research analysts predict that Momentive Global Inc. will post -0.71 earnings per share for the current fiscal year.

In other Momentive Global news, insider John S. Schoenstein sold 8,000 shares of the company’s stock in a transaction on Thursday, August 19th. The stock was sold at an average price of $19.29, for a total transaction of $154,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dana L. Evan sold 12,444 shares of the company’s stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of $21.07, for a total value of $262,195.08. The disclosure for this sale can be found here. Insiders have sold 56,932 shares of company stock worth $1,120,369 over the last 90 days. 17.10% of the stock is owned by insiders.

Momentive Global Company Profile

Momentive Global, Inc provides agile software solutions that help companies turn stakeholder feedback into action. Its platform empowers users to collect, analyze, and act on feedback from customers, employees, website and application users, and market research audiences. The company offers enterprise solutions for agile experience management and insights by three product brands: Momentive, GetFeedback and SurveyMonkey.

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Institutional Ownership by Quarter for Momentive Global (NASDAQ:MNTV)

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