Cvent Inc (CVT) : Havens Advisors has sold out all of its stake in Cvent Inc during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 53,900 shares of Cvent Inc which is valued at $1,694,616.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CVT by selling 15 shares or 17.44% in the most recent quarter. The Hedge Fund company now holds 71 shares of CVT which is valued at $2,232.Legal General Group Plc reduced its stake in CVT by selling 168 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 4,288 shares of CVT which is valued at $134,386.Cutler Group Lp reduced its stake in CVT by selling 26,575 shares or 18.26% in the most recent quarter. The Hedge Fund company now holds 118,967 shares of CVT which is valued at $3,761,737. Cvent Inc makes up approx 0.23% of Cutler Group Lp’s portfolio. Carroll Financial Associates sold out all of its stake in CVT during the most recent quarter. The investment firm sold 281 shares of CVT which is valued $8,885.Simplex Trading reduced its stake in CVT by selling 16,063 shares or 21.95% in the most recent quarter. The Hedge Fund company now holds 57,103 shares of CVT which is valued at $1,821,015. Cvent Inc makes up approx 0.24% of Simplex Trading’s portfolio.
Cvent Inc closed down -0.28 points or -0.89% at $31.34 with 2,18,395 shares getting traded on Tuesday. Post opening the session at $31.59, the shares hit an intraday low of $31.33 and an intraday high of $31.6299 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.