Oppenheimer Asset Management Inc. Cuts Stock Holdings in Momentive Global Inc. (NASDAQ:MNTV)

Posted by on Feb 25th, 2023

Oppenheimer Asset Management Inc. lowered its stake in shares of Momentive Global Inc. (NASDAQ:MNTV – Get Rating) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,423 shares of the company’s stock after selling 1,923 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Momentive Global were worth $258,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new position in shares of Momentive Global in the 2nd quarter valued at $177,000. Clearline Capital LP raised its stake in shares of 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 acquiring an additional 1,032,682 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Momentive Global in the 3rd quarter valued at $63,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Momentive Global in the 3rd quarter valued at $72,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Momentive Global in the 3rd quarter valued at $361,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

Momentive Global Stock Down 3.0 %

Shares of MNTV stock opened at $6.89 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.91 and a quick ratio of 0.83. Momentive Global Inc. has a 1-year low of $5.14 and a 1-year high of $18.48. The firm has a fifty day moving average of $7.37 and a two-hundred day moving average of $7.22.

Insiders Place Their Bets

In other Momentive Global news, CEO Alexander J. Lurie sold 13,464 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,458,534 shares of the company’s stock, valued at approximately $11,318,223.84. The sale 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 firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,458,534 shares of the company’s stock, valued at approximately $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 the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $7.76, for a total transaction of $67,993.12. Following the transaction, the chief operating officer now directly owns 245,386 shares of the company’s stock, valued at $1,904,195.36. The disclosure for this sale can be found here. Insiders sold a total of 33,162 shares of company stock valued at $254,516 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MNTV. Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 price target on shares of Momentive Global in a report on Friday, February 17th. Wells Fargo & Company lowered their price target on shares of Momentive Global from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, January 19th. Truist Financial lowered their price target on shares of Momentive Global from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC lowered their price target on shares of Momentive Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.42.

Momentive Global 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.

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

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