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Cvent (NYSE:CVT) major shareholder Harry R. Weller unloaded 1,132,589 shares of Cvent stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.50, for a total transaction of $40,206,909.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Cvent (NYSE:CVT) traded up 0.17% during mid-day trading on Tuesday, hitting $36.33. The stock had a trading volume of 121,986 shares. Cvent has a 52-week low of $30.01 and a 52-week high of $46.13. The stock’s 50-day moving average is $35.69 and its 200-day moving average is $34.95. The company’s market cap is $1.461 billion.

Cvent (NYSE:CVT) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $27.80 million. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. Analysts expect that Cvent will post $0.14 EPS for the current fiscal year.

Cvent, Inc is a cloud-based enterprise event management platform. The Company offers an integrated cloud-based software platform that addresses the lifecycle of events and meetings.

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