Cvent major shareholder Scott D. Sandell Sells 2,641 Shares (CVT)
Cvent (NYSE:CVT) major shareholder Scott D. Sandell sold 2,641 shares of Cvent stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $26.19, for a total value of $69,167.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Separately, analysts at Zacks downgraded shares of Cvent from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 17th. They now have a $31.90 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cvent has an average rating of “Buy” and a consensus target price of $35.38.
Cvent (NYSE:CVT) traded down 0.45% during mid-day trading on Monday, hitting $26.26. 185,542 shares of the company’s stock traded hands. Cvent has a 1-year low of $22.42 and a 1-year high of $46.13. The stock’s 50-day moving average is $26.88 and its 200-day moving average is $31.34. The company has a market cap of $1.110 billion and a price-to-earnings ratio of 775.88.
Cvent (NYSE:CVT) last released its earnings data on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.07. The company had revenue of $34.13 million for the quarter, compared to the consensus estimate of $33.51 million. During the same quarter last year, the company posted $0.04 earnings per share. Cvent’s revenue was up 26.7% compared to the same quarter last year. On average, analysts predict that Cvent will post $0.05 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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