Graham Capital Management L.P. Buys Shares of 74,786 Momentive Global Inc. (NASDAQ:MNTV)

Graham Capital Management L.P. bought a new stake in shares of Momentive Global Inc. (NASDAQ:MNTVGet Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 74,786 shares of the company’s stock, valued at approximately $1,216,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNTV. Hawk Ridge Capital Management LP acquired a new position in Momentive Global during the 1st quarter valued at about $21,688,000. Clearline Capital LP acquired a new position in Momentive Global during the 4th quarter valued at about $17,608,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Momentive Global during the 1st quarter valued at about $11,023,000. BlackRock Inc. boosted its stake in Momentive Global by 7.1% during the 1st quarter. BlackRock Inc. now owns 9,477,017 shares of the company’s stock valued at $154,097,000 after purchasing an additional 625,091 shares during the period. Finally, Pentwater Capital Management LP acquired a new position in Momentive Global during the 4th quarter valued at about $11,104,000. 77.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Priyanka Carr sold 8,154 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total transaction of $62,215.02. Following the sale, the chief operating officer now owns 263,324 shares in the company, valued at $2,009,162.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Justin Coulombe sold 18,090 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $7.81, for a total transaction of $141,282.90. Following the sale, the chief financial officer now owns 291,253 shares in the company, valued at $2,274,685.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Priyanka Carr sold 8,154 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total transaction of $62,215.02. Following the sale, the chief operating officer now owns 263,324 shares in the company, valued at approximately $2,009,162.12. The disclosure for this sale can be found here. Insiders have sold 64,983 shares of company stock worth $496,147 over the last 90 days. 17.70% of the stock is owned by company insiders.

Analyst Ratings Changes

MNTV has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Momentive Global from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, August 22nd. Truist Financial dropped their price target on shares of Momentive Global from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Credit Suisse Group dropped their price target on shares of Momentive Global to $16.00 in a research report on Tuesday, August 9th. Finally, Needham & Company LLC dropped their price target on shares of Momentive Global from $19.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.21.

Momentive Global Stock Up 5.8 %

NASDAQ MNTV opened at $7.26 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day simple moving average is $8.16 and its 200 day simple moving average is $11.95. Momentive Global Inc. has a 12 month low of $6.51 and a 12 month high of $25.00. The company has a market capitalization of $1.09 billion, a P/E ratio of -8.34 and a beta of 1.37.

Momentive Global (NASDAQ:MNTVGet Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Momentive Global had a negative net margin of 27.77% and a negative return on equity of 35.46%. The business had revenue of $120.16 million for the quarter, compared to the consensus estimate of $121.90 million. Equities research analysts expect that Momentive Global Inc. will post -0.56 earnings per share for the current fiscal year.

Momentive Global Company Profile

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Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

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Institutional Ownership by Quarter for Momentive Global (NASDAQ:MNTV)

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