Cvent Inc (NYSE:CVT) insider Charles V. Ghoorah sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 20th. The stock was sold at an average price of $28.19, for a total transaction of $112,760.00. Following the completion of the transaction, the insider now directly owns 46,713 shares in the company, valued at $1,316,839.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several equities research analysts have commented on CVT shares. Pacific Crest upped their price objective on shares of Cvent from $35.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, December 8th. Zacks Investment Research downgraded shares of Cvent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.25.

A hedge fund recently bought a new stake in Cvent stock. Quantitative Systematic Strategies purchased a new stake in shares of Cvent Inc (NYSE:CVT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,640 shares of the company’s stock, valued at approximately $303,000.

Shares of Cvent Inc (NYSE:CVT) opened at 28.74 on Monday. Cvent Inc has a one year low of $24.23 and a one year high of $37.25. The stock has a 50 day moving average of $32.95 and a 200-day moving average of $31.95. The stock’s market capitalization is $1.21 billion.

Cvent (NYSE:CVT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $48.40 million for the quarter, compared to the consensus estimate of $47.81 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. Cvent’s revenue was up 29.4% compared to the same quarter last year. Equities analysts forecast that Cvent Inc will post $0.27 earnings per share for the current year.

Cvent, Inc. is a cloud-based enterprise event management platform. The Company provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, and hotels and venues. The Company’s integrated, cloud-based solution is used in the entire event lifecycle by allowing event and meeting planners to organize, market and manage their meetings, conferences, tradeshows and other events. Its hospitality cloud provides hotels and venues with a solution suite to generate, manage and measure their demand for group meetings. For the event and meeting planner side of the value chain, which includes corporations, associations, not-for-profits, Government agencies and universities, and events and meetings? It offers six product categories, which include event management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, ticketing software and the Hospitality Cloud, which includes CSN.

12 Month Chart for NYSE:CVT

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