Insider Selling: Rajeev K. Aggarwal Sells 934,341 Shares of Cvent Stock (CVT)
Cvent (NYSE:CVT) CEO Rajeev K. Aggarwal sold 934,341 shares of the stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $35.50, for a total transaction of $33,169,105.50. Following the completion of the transaction, the chief executive officer now directly owns 212,125 shares in the company, valued at approximately $7,530,438. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cvent (NYSE:CVT) traded down 0.06% on Tuesday, hitting $36.25. 346,610 shares of the company’s stock traded hands. 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 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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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