Nisa Investment Advisors LLC Has $41,000 Holdings in Momentive Global Inc. (NASDAQ:MNTV)

Nisa Investment Advisors LLC lifted its holdings in Momentive Global Inc. (NASDAQ:MNTVGet Rating) by 339.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,660 shares of the company’s stock after acquiring an additional 3,600 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Momentive Global were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Steph & Co. lifted its holdings in Momentive Global by 23.0% during the 2nd quarter. Steph & Co. now owns 8,581 shares of the company’s stock worth $76,000 after buying an additional 1,607 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Momentive Global during the 1st quarter worth $82,000. Point72 Hong Kong Ltd lifted its holdings in Momentive Global by 114.7% during the 1st quarter. Point72 Hong Kong Ltd now owns 6,409 shares of the company’s stock worth $104,000 after buying an additional 3,424 shares in the last quarter. Diversified Trust Co acquired a new position in Momentive Global during the 2nd quarter worth $175,000. Finally, Quantbot Technologies LP bought a new stake in shares of Momentive Global during the 1st quarter valued at $192,000. 77.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Momentive Global news, insider Clarence Ewell sold 3,853 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $7.63, for a total transaction of $29,398.39. Following the completion of the transaction, the insider now owns 189,266 shares in the company, valued at approximately $1,444,099.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Erika H. James sold 6,103 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $7.15, for a total transaction of $43,636.45. Following the completion of the transaction, the director now directly owns 33,448 shares in the company, valued at approximately $239,153.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Clarence Ewell sold 3,853 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $7.63, for a total transaction of $29,398.39. Following the transaction, the insider now owns 189,266 shares of the company’s stock, valued at $1,444,099.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,893 shares of company stock worth $354,864. Corporate insiders own 17.70% of the company’s stock.

Momentive Global Price Performance

MNTV stock opened at $8.15 on Friday. The stock has a 50-day moving average price of $6.74 and a two-hundred day moving average price of $9.06. The stock has a market cap of $1.21 billion, a PE ratio of -9.36 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Momentive Global Inc. has a 1 year low of $5.14 and a 1 year high of $23.48.

Analysts Set New Price Targets

Several analysts have commented on MNTV shares. Truist Financial dropped their target price on shares of Momentive Global from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Needham & Company LLC dropped their target price on shares of Momentive Global from $19.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Wells Fargo & Company dropped their target price on shares of Momentive Global from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, August 22nd. Finally, Credit Suisse Group dropped their target price on shares of Momentive Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.79.

About Momentive Global

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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.

See Also

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

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