Insider Selling: Momentive Global Inc. (NASDAQ:MNTV) Insider Sells 8,599 Shares of Stock

Momentive Global Inc. (NASDAQ:MNTV) insider Rebecca Cantieri sold 8,599 shares of the firm’s stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $24.00, for a total transaction of $206,376.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rebecca Cantieri also recently made the following trade(s):

  • On Friday, October 8th, Rebecca Cantieri sold 4,592 shares of Momentive Global stock. The stock was sold at an average price of $23.00, for a total transaction of $105,616.00.
  • On Wednesday, October 13th, Rebecca Cantieri sold 1,447 shares of Momentive Global stock. The stock was sold at an average price of $24.07, for a total transaction of $34,829.29.

NASDAQ:MNTV traded up $0.34 during mid-day trading on Wednesday, reaching $24.10. The stock had a trading volume of 519,055 shares, compared to its average volume of 825,932. The business has a 50-day simple moving average of $20.30. The stock has a market capitalization of $3.56 billion, a PE ratio of -33.47 and a beta of 1.23. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. Momentive Global Inc. has a 12 month low of $16.35 and a 12 month high of $28.12.

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

Large investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new position in Momentive Global in the second quarter valued at approximately $2,406,000. Panagora Asset Management Inc. acquired a new stake in Momentive Global in the second quarter valued at approximately $8,230,000. Sei Investments Co. acquired a new stake in Momentive Global in the second quarter valued at approximately $4,638,000. Allen Operations LLC acquired a new stake in Momentive Global in the second quarter valued at approximately $2,662,000. Finally, Teacher Retirement System of Texas acquired a new stake in Momentive Global in the second quarter valued at approximately $305,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of Momentive Global from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Zacks Investment Research raised shares of Momentive Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 6th. Finally, Credit Suisse Group lifted their price objective on shares of Momentive Global from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th.

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.

Recommended Story: Stocks Increasing Dividends

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

Receive News & Ratings for Momentive Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Momentive Global and related companies with MarketBeat.com's FREE daily email newsletter.