Insider Selling: Sanju K. Bansal Unloads 521,172 Shares of Cvent Stock (CVT)
Cvent (NYSE:CVT) Director Sanju K. Bansal unloaded 521,172 shares of the stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $35.50, for a total value of $18,501,606.00. Following the completion of the transaction, the director now directly owns 2,488,236 shares of the company’s stock, valued at approximately $88,332,378. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Cvent (NYSE:CVT) traded down 0.06% during mid-day trading on Tuesday, hitting $36.25. 346,610 shares of the company’s stock traded hands. Cvent has a one year low of $30.01 and a one 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. 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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