Insider Selling: Cvent EVP Unloads 234,749 Shares of Stock (CVT)
Cvent (NYSE:CVT) EVP Charles V. Ghoorah sold 234,749 shares of the stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $35.50, for a total value of $8,333,589.50. Following the completion of the sale, the executive vice president now directly owns 1,009,375 shares in the company, valued at approximately $35,832,813. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Cvent (NYSE:CVT) traded down 0.06% on Tuesday, hitting $36.25. The stock had a trading volume of 346,610 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 $35.91 and its 200-day moving average is $34.9. The company’s market cap is $1.458 billion.
Cvent (NYSE:CVT) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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. Cvent’s revenue was up 33.5% compared to the same quarter last year. 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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