Cubist Systematic Strategies LLC Boosts Stake in Momentive Global Inc. (NASDAQ:MNTV)

Cubist Systematic Strategies LLC raised its position in Momentive Global Inc. (NASDAQ:MNTV – Get Rating) by 182.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 539,427 shares of the company’s stock after buying an additional 348,292 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.36% of Momentive Global worth $3,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in Momentive Global in the 2nd quarter valued at about $177,000. Clearline Capital LP boosted its position in Momentive Global by 81.0% in the 2nd quarter. Clearline Capital LP now owns 2,308,136 shares of the company’s stock valued at $20,312,000 after buying an additional 1,032,682 shares during the last quarter. NZS Capital LLC boosted its position in Momentive Global by 18.8% in the 3rd quarter. NZS Capital LLC now owns 370,462 shares of the company’s stock valued at $2,152,000 after buying an additional 58,518 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Momentive Global in the 3rd quarter valued at about $63,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in Momentive Global in the 3rd quarter valued at about $72,000. 77.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Alexander J. Lurie sold 13,464 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $7.76, for a total transaction of $104,480.64. Following the sale, the chief executive officer now owns 1,458,534 shares in the company, valued at $11,318,223.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Momentive Global news, CEO Alexander J. Lurie sold 13,464 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $7.76, for a total value of $104,480.64. Following the completion of the transaction, the chief executive officer now owns 1,458,534 shares in the company, valued at approximately $11,318,223.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Priyanka Carr sold 8,762 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $7.76, for a total transaction of $67,993.12. Following the completion of the transaction, the chief operating officer now owns 245,386 shares of the company’s stock, valued at approximately $1,904,195.36. The disclosure for this sale can be found here. Insiders have sold a total of 33,162 shares of company stock worth $254,516 over the last quarter. 17.70% of the stock is owned by company insiders.

Momentive Global Trading Down 1.6 %

MNTV opened at $6.95 on Wednesday. Momentive Global Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $18.48. The company’s 50-day moving average price is $7.38 and its 200 day moving average price is $7.18. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

MNTV has been the topic of a number of recent analyst reports. Truist Financial cut their target price on shares of Momentive Global from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. Credit Suisse Group restated a “neutral” rating and issued a $13.00 target price on shares of Momentive Global in a research note on Friday, February 17th. Wells Fargo & Company cut their target price on shares of Momentive Global from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, January 19th. Finally, Needham & Company LLC cut their target price on shares of Momentive Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Momentive Global has an average rating of “Moderate Buy” and an average price target of $13.42.

Momentive Global Company Profile

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Momentive Global, Inc provides agile software solutions that help companies turn stakeholder feedback into action. Its platform empowers users to collect, analyze, and act on feedback from customers, employees, website and application users, and market research audiences. The company offers enterprise solutions for agile experience management and insights by three product brands: Momentive, GetFeedback, and SurveyMonkey.