Shares of CVENT (NYSE:CVT) Sees Large Inflow of Net Money Flow

CVENT (NYSE:CVT) witnessed a selling pressure and the shares last traded with a loss of -0.03 points or -0.08% at $35.73. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $7.82 million with an inflow of $10.1 million in upticks and an outflow of $2.28 million in downticks. Using the data, the up/down ratio is found to be 4.44. The share price has recorded -0.03% on a weekly basis.A block trade of $8.46 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $8.46, signaling heavy buying.


Currently the company Insiders own 43% of CVENT shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.15% . Institutional Investors own 69.32% of CVENT shares. During last six month period, the net percent change held by insiders has seen a change of -3.75%. On the companys insider trading activities, Quattrone David C., officer (Chief Technology Officer) of Cvent Inc, unloaded 4,000 shares at an average price of $22 on April 8, 2016. The total amount of the transaction was worth $88,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CVENT (NYSE:CVT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.25% at $35.64 with 1,427,331 shares getting traded. Post opening the session at $35.73, the shares hit an intraday low of $35.62 and an intraday high of $35.74 and the price was in this range throughout the day. The company has a market cap of $1,504 million and the number of outstanding shares have been calculated to be 42,197,390 shares. The 52-week high of CVENT (NYSE:CVT) is $37.25 and the 52-week low is $17.85.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, JMP Securities downgrades its rating on CVENT (NYSE:CVT).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 9, 2016.

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 Companys 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.

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