Maven Securities LTD Purchases Shares of 40,000 Momentive Global Inc. (NASDAQ:MNTV)

Maven Securities LTD purchased a new stake in Momentive Global Inc. (NASDAQ:MNTVGet Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of Momentive Global by 54.8% in the 1st quarter. Hsbc Holdings PLC now owns 28,363 shares of the company’s stock valued at $467,000 after acquiring an additional 10,040 shares during the period. Renaissance Technologies LLC grew its position in shares of Momentive Global by 20.6% in the 1st quarter. Renaissance Technologies LLC now owns 683,300 shares of the company’s stock valued at $11,110,000 after acquiring an additional 116,800 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Momentive Global by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 954,438 shares of the company’s stock valued at $15,520,000 after acquiring an additional 35,529 shares during the period. Lazard Asset Management LLC bought a new position in shares of Momentive Global in the 1st quarter valued at about $82,000. Finally, Employees Retirement System of Texas bought a new position in shares of Momentive Global in the 1st quarter valued at about $2,293,000. 77.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial decreased their price objective on shares of Momentive Global from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Needham & Company LLC reduced their target price on shares of Momentive Global from $19.00 to $11.00 and set a “buy” rating for the company in a report on Monday, August 8th. Credit Suisse Group reduced their target price on shares of Momentive Global to $16.00 in a report on Tuesday, August 9th. Finally, Wells Fargo & Company reduced their target price on shares of Momentive Global from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, August 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.21.

Momentive Global Trading Up 5.8 %

Shares of Momentive Global stock opened at $7.26 on Friday. Momentive Global Inc. has a twelve month low of $6.51 and a twelve month high of $25.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $8.16 and a two-hundred day simple moving average of $11.97.

Momentive Global (NASDAQ:MNTVGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.01. Momentive Global had a negative net margin of 27.77% and a negative return on equity of 35.46%. The business had revenue of $120.16 million during the quarter, compared to analysts’ expectations of $121.90 million. Equities research analysts predict that Momentive Global Inc. will post -0.56 EPS for the current year.

Insiders Place Their Bets

In other Momentive Global news, insider Clarence Ewell sold 3,853 shares of Momentive Global stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total value of $29,398.39. Following the completion of the sale, the insider now owns 189,266 shares in the company, valued at approximately $1,444,099.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Alexander J. Lurie sold 18,830 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total value of $143,672.90. Following the completion of the transaction, the chief executive officer now directly owns 1,491,354 shares in the company, valued at approximately $11,379,031.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Clarence Ewell sold 3,853 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total transaction of $29,398.39. Following the completion of the transaction, the insider now owns 189,266 shares of the company’s stock, valued at $1,444,099.58. The disclosure for this sale can be found here. Insiders sold 64,983 shares of company stock worth $496,147 in the last quarter. 17.70% of the stock is currently owned by corporate insiders.

About Momentive Global

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Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

See Also

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

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