Insider Selling: Cvent Insider Sells 173,322 Shares of Stock (CVT)
Cvent (NYSE:CVT) Insider Dwayne J. Sye sold 173,322 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $35.50, for a total transaction of $6,152,931.00. Following the completion of the transaction, the insider now directly owns 316,071 shares in the company, valued at approximately $11,220,521. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 1-year low of $30.01 and a 1-year 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 posted its quarterly 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. On average, analysts predict that Cvent will post $0.14 earnings per share 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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