Vivaldi Asset Management adds Cvent Inc (CVT) to its portfolio

Cvent Inc (CVT) : Vivaldi Asset Management added new position in Cvent Inc during the most recent quarter end. The investment management firm now holds 322,434 shares of Cvent Inc which is valued at $10,443,637 , the company said in a statement filed on Aug 9, 2016 with the SEC.Cvent Inc makes up approximately 5.56% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in CVT by selling 3,544 shares or 30.75% in the most recent quarter. The Hedge Fund company now holds 7,980 shares of CVT which is valued at $256,796. Gabelli Securities added CVT to its portfolio by purchasing 363,320 company shares during the most recent quarter which is valued at $11,321,051. Cvent Inc makes up approx 1.71% of Gabelli Securities’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in CVT in the latest quarter, The investment management firm added 1,506 additional shares and now holds a total of 1,875 shares of Cvent Inc which is valued at $60,019. Fny Managed Accounts added CVT to its portfolio by purchasing 112,543 company shares during the most recent quarter which is valued at $3,692,536. Cvent Inc makes up approx 3.63% of Fny Managed Accounts’s portfolio.Strs Ohio reduced its stake in CVT by selling 6,600 shares or 20.63% in the most recent quarter. The Hedge Fund company now holds 25,400 shares of CVT which is valued at $833,374.

Cvent Inc closed down -0.05 points or -0.16% at $31.77 with 1,40,366 shares getting traded on Wednesday. Post opening the session at $31.92, the shares hit an intraday low of $31.72 and an intraday high of $32.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cvent Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.08. The company had revenue of $48.40 million for the quarter, compared to analysts expectations of $47.81 million. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

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.

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