November 30, 2016 - By Winifred Garcia · 0 Comments
The stock of Cvent Incorporated (NYSE:CVT) registered an increase of 4.85% in short interest. CVT’s total short interest was 635,700 shares in November as published by FINRA. Its up 4.85% from 606,300 shares, reported previously. With 395,100 shares average volume, it will take short sellers 2 days to cover their CVT’s short positions. The short interest to Cvent Incorporated’s float is 2.09%. The stock last traded at $0 per share. It is down 2.13% since April 27, 2016 and is uptrending. It has underperformed by 3.10% the S&P500.
Cvent, Inc. is a cloud-based enterprise event management company. The company has a market cap of $. The Firm provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. It currently has negative earnings. The Firm offers planners a platform that addresses the entire lifecycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings.
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.63, from 1.65 in 2016Q1. The ratio is negative, as 33 funds sold all Cvent Inc shares owned while 22 reduced positions. 52 funds bought stakes while 39 increased positions. They now own 28.87 million shares or 1.02% less from 29.17 million shares in 2016Q1.
Water Island Capital Limited Liability Corporation last reported 2.13M shares in the company. Gamco Invsts Et Al has invested 0.05% of its portfolio in Cvent Inc (NYSE:CVT). Gotham Asset Limited Liability has invested 0.01% of its portfolio in Cvent Inc (NYSE:CVT). Citigroup last reported 40,679 shares in the company. Kellner Capital Ltd Liability, a New York-based fund reported 37,200 shares. Strs Ohio has invested 0% of its portfolio in Cvent Inc (NYSE:CVT). Blackrock Advisors Lc has 0% invested in the company for 39,817 shares. Metropolitan Life Insur Ny last reported 21,871 shares in the company. Barclays Public Ltd holds 0% or 68,998 shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.23% of its portfolio in Cvent Inc (NYSE:CVT) for 347,222 shares. Riverbridge Prtnrs Limited Liability Co last reported 793,083 shares in the company. Nationwide Fund Advsr, a Pennsylvania-based fund reported 19,786 shares. Tower Research Cap (Trc) owns 1,853 shares or 0.01% of their US portfolio. Wells Fargo And Company Mn holds 0% of its portfolio in Cvent Inc (NYSE:CVT) for 10,204 shares. Ladenburg Thalmann Financial Services has 0% invested in the company for 53 shares.
Out of 6 analysts covering Cvent (NYSE:CVT), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Cvent has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, April 19 by William Blair. The rating was downgraded by Stifel Nicolaus on Monday, April 18 to “Hold”. The stock of Cvent Inc (NYSE:CVT) earned “Market Perform” rating by JMP Securities on Monday, May 9. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, September 10 report. As per Tuesday, February 23, the company rating was maintained by Needham. The firm earned “Hold” rating on Friday, August 14 by Zacks.
Cvent, Inc. (Cvent), incorporated on August 20, 1999, is a cloud enterprise event management company. The Firm provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. The Company’s integrated, cloud solution addresses the entire event lifecycle by allowing event and meeting planners to automate and streamline the process of planning, organizing and executing events for organizations of all sizes and industries.
More notable recent Cvent Inc (NYSE:CVT) news were published by: Businesswire.com which released: “Vista Equity Partners Completes Acquisition of Cvent” on November 29, 2016, also Fool.com with their article: “Why Shares of Cvent Inc. Are Surging” published on November 18, 2016, Fool.com published: “Why Cvent Inc. Stock Skyrocketed 65.5% Today” on April 18, 2016. More interesting news about Cvent Inc (NYSE:CVT) were released by: Seekingalpha.com and their article: “A Life-Changing Event Is Happening To Cvent Inc.” published on September 07, 2016 as well as Bizjournals.com‘s news article titled: “We get one last glimpse into Cvent before its $1.65B purchase closes. That is …” with publication date: November 03, 2016.
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By Winifred Garcia