Investing in Momentive Global Inc. [MNTV]: What You Must Know


Momentive Global Inc.’s filing revealed that its Director Legion Partners Asset Manageme acquired Company’s shares for reported $3.58 million on Aug 23. In the deal valued at $7.20 per share,497,500 shares were bought. As a result of this transaction, Legion Partners Asset Manageme now holds 2,046,382 shares worth roughly $ 15.78 million.

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Then, Legion Partners Asset Manageme bought 275,000 shares, generating $1,941,198 in total proceeds. Upon buying the shares at $7.06, the Director now owns 1,597,435 shares.

Before that, James Erika H sold 6,103 shares. Momentive Global Inc. shares valued at $43,640 were divested by the Director at a price of $7.15 per share. As a result of the transaction, James Erika H now holds 33,448 shares, worth roughly $0.26 million.

Craig Hallum upgraded its Momentive Global Inc. [MNTV] rating to a Buy from a a Hold in a research note published on Friday. PT values the company’s stock at a premium of 58.32 to its Friday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it.

Price Performance Review of MNTV

On Friday, Momentive Global Inc. [NASDAQ:MNTV] saw its stock jump 8.90% to $7.71. On the same session, the stock had its day’s lowest price of $7.20, but rose to a high of $7.72. Over the last five days, the stock has lost -1.66%. Momentive Global Inc. shares have fallen nearly -63.55% since the year began. Nevertheless, the stocks have fallen -66.04% over the past one year. While a 52-week high of $23.48 was reached on 01/03/22, a 52-week low of $5.14 was recorded on 10/13/22. SMA at 50 days reached $6.72, while 200 days put it at $11.44. A total of 2.58 million shares were traded, compared to the trading of 1.64 million shares in the previous session.

Levels Of Support And Resistance For MNTV Stock

The 24-hour chart illustrates a support level at 7.37, which if violated will result in even more drops to 7.02. On the upside, there is a resistance level at 7.89. A further resistance level may holdings at 8.06. The Relative Strength Index (RSI) on the 14-day chart is 58.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.36%. Stochastics %K at 67.16% indicates the stock is a holding.

How much short interest is there in Momentive Global Inc.?

A steep rise in short interest was recorded in Momentive Global Inc. stocks on Jul 14, 2022, growing by 0.0 shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.62 million shares.

Momentive Global Inc. [MNTV] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,404,860 shares, or roughly 7.73% of the outstanding MNTV shares. In other words, the investor’s shares have fallen by -533,890 from its previous 13-F filing of 11938750.0. Additionally, ArrowMark Colorado Holdings LLC increased 39.81% of its stake after which the total value it holdings stand at $64,118,114, while BlackRock Fund Advisors added 2.58% of its stake to hold $48.65 million in the firm. Over the last quarter, ClearBridge Investments LLC sold -76,609 shares of Momentive Global Inc., while Sachem Head Capital Management LP sold 1,245,000 shares. At present, Spyglass Capital Management LLC is holding 6,588,991 shares valued at $38.28 million. Indaba Capital Management LP owned 3,987,050 shares of the company at the time of its most recent 13F filing, worth $23.16 million.

According to FactSet, Momentive Global Inc.’s share price will average $11.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 62.43 percent from its previous closing price of $7.08. Analysts expect Momentive Global Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $8.00. However, 6 analysts have rated MNTV stock as an Overweight in their predictions for 2022.


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