Shares of CVENT (NYSE:CVT) Sees Large Outflow of Money

CVENT (NYSE:CVT) : The total money flow in CVENT (NYSE:CVT) was negative ($3.01 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $4.77 million. In comparison, the inflow of money into the stock on upticks was $1.76 million. The uptick to downtick ratio was 0.37. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.52 million. The value of transactions on uptick was $0.43 million. The negative money flow of ($3.09 million) confirms the selling in CVENT (NYSE:CVT) on strength. The uptick to downtick ratio of block trades was 0.12. CVENT (NYSE:CVT) gained $0.03 at $35.78, a gain of 0.08% over the previous days close. However, the stock registered 0.11% in the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Quattrone David C., officer (Chief Technology Officer) of Cvent Inc, had unloaded 4,000 shares at an average price of $22 in a transaction dated on April 8, 2016. The total value of the transaction was worth $88,000. Currently the company Insiders own 43% of CVENT shares according to the proxy statements. Institutional Investors own 69.19% of CVENT shares. During last six month period, the net percent change held by insiders has seen a change of -3.23%.

The company shares have rallied 38.24% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $37.25 and the one year low was seen on Feb 26, 2016. The 50-Day Moving Average price is $35.74 and the 200 Day Moving Average price is recorded at $28.98. CVENT (NYSE:CVT): The stock opened at $35.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.79 for the day. The stock traded down to $35.72 during the day, due to lack of any buying support eventually closed down at $35.72 with a loss of -0.08% for the day. The stock had closed at $35.75 on the previous day. The total traded volume was 803,384 shares.

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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