Insider Selling: Momentive Global Inc. (NASDAQ:MNTV) President Sells 17,836 Shares of Stock

Momentive Global Inc. (NASDAQ:MNTV) President Thomas E. Hale sold 17,836 shares of the stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $24.00, for a total value of $428,064.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thomas E. Hale also recently made the following trade(s):

  • On Thursday, August 19th, Thomas E. Hale sold 14,493 shares of Momentive Global stock. The shares were sold at an average price of $19.29, for a total value of $279,569.97.

NASDAQ MNTV traded up $0.34 during mid-day trading on Wednesday, reaching $24.10. 519,055 shares of the company’s stock traded hands, compared to its average volume of 825,932. Momentive Global Inc. has a 1-year low of $16.35 and a 1-year high of $28.12. The firm’s fifty day simple moving average is $20.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $3.56 billion, a P/E ratio of -33.47 and a beta of 1.23.

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 analysts’ consensus estimates of ($0.17) by ($0.03). Momentive Global had a negative net margin of 25.31% and a negative return on equity of 29.87%. The business had revenue of $109.40 million for the quarter, compared to analyst estimates of $107.43 million. The business’s revenue was up 20.3% on a year-over-year basis. Equities analysts expect that Momentive Global Inc. will post -0.71 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Delta Asset Management LLC TN acquired a new stake in Momentive Global during the 2nd quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Momentive Global during the 2nd quarter worth approximately $42,000. Advisor Group Holdings Inc. bought a new position in Momentive Global during the 2nd quarter worth approximately $53,000. Bessemer Group Inc. bought a new position in Momentive Global during the 2nd quarter worth approximately $55,000. Finally, Macquarie Group Ltd. bought a new position in Momentive Global during the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Momentive Global from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Credit Suisse Group increased their target price on Momentive Global from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. Finally, Zacks Investment Research upgraded Momentive Global from a “sell” rating to a “hold” rating in a research note on Wednesday, October 6th.

About Momentive Global

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

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