MQS Management LLC Purchases New Shares in Momentive Global Inc. (NASDAQ:MNTV)

MQS Management LLC purchased a new stake in shares of Momentive Global Inc. (NASDAQ:MNTV – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,652 shares of the company’s stock, valued at approximately $108,000.

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

Insider Buying and Selling

In related news, CEO Alexander J. Lurie sold 13,464 shares of the firm’s 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 completion of the sale, the chief executive officer now directly 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 the SEC website. In other Momentive Global news, CEO Alexander J. Lurie sold 13,464 shares of Momentive Global 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 completion of the sale, the chief executive officer now directly owns 1,458,534 shares in the company, valued at $11,318,223.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Priyanka Carr sold 8,762 shares of Momentive Global stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $7.76, for a total transaction of $67,993.12. Following the sale, the chief operating officer now owns 245,386 shares of the company’s stock, valued at $1,904,195.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,659 shares of company stock worth $314,613. Insiders own 17.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Momentive Global from $13.00 to $9.46 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial decreased their price target 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. Needham & Company LLC downgraded shares of Momentive Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Craig Hallum downgraded shares of Momentive Global from a “buy” rating to a “hold” rating and set a $9.50 price target on the stock. in a research note on Tuesday. Finally, Wells Fargo & Company downgraded shares of Momentive Global from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $10.00 to $9.46 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.24.

Momentive Global Price Performance

Momentive Global stock opened at $9.26 on Friday. Momentive Global Inc. has a 12-month low of $5.14 and a 12-month high of $18.48. The stock has a market cap of $1.39 billion, a P/E ratio of -15.43 and a beta of 1.52. The company has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.24. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Momentive Global (NASDAQ:MNTV – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. Momentive Global had a negative net margin of 18.69% and a negative return on equity of 25.33%. The firm had revenue of $122.39 million during the quarter, compared to analysts’ expectations of $121.05 million. Sell-side analysts anticipate that Momentive Global Inc. will post -0.18 earnings per share for the current year.

About Momentive Global

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Momentive Global, Inc engages in providing Software-as-a-Service solutions that help businesses collect and analyze stakeholder sentiment at scale. It operates through the United States, Canada, Ireland, Netherland, and Rest of World geographical segments. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.