A Guide To The Risks Of Investing In Momentive Global Inc. (MNTV)


Momentive Global Inc.’s recent filing unveils that its Chief Legal Officer & Secty Blum Lora D unloaded Company’s shares for reported $36291.0 on Feb 21. In the deal valued at $7.20 per share,5,038 shares were sold. As a result of this transaction, Blum Lora D now holds 167,407 shares worth roughly $ 1.15 million.

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Then, Lurie Alexander J sold 13,464 shares, generating $104,463 in total proceeds. Upon selling the shares at $7.76, the Chief Executive Officer now owns 1,458,534 shares.

Before that, Carr Priyanka sold 8,762 shares. Momentive Global Inc. shares valued at $67,982 were divested by the Chief Operating Officer at a price of $7.76 per share. As a result of the transaction, Carr Priyanka now holds 245,386 shares, worth roughly $1.69 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 62.76 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 fall -2.96% to $6.89. On the same session, the stock had its day’s lowest price of $6.815, but rose to a high of $7.08. Over the last five days, the stock has lost -12.23%. Momentive Global Inc. shares have fallen nearly -1.57% since the year began. Nevertheless, the stocks have fallen -54.79% over the past one year. While a 52-week high of $18.48 was reached on 02/02/23, a 52-week low of $5.14 was recorded on 01/06/23. SMA at 50 days reached $7.41, while 200 days put it at $8.15. A total of 0.72 million shares were traded, compared to the trading of 1.02 million shares in the previous session.

Levels Of Support And Resistance For MNTV Stock

The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.66. On the upside, there is a resistance level at 7.04. A further resistance level may holdings at 7.19. The Relative Strength Index (RSI) on the 14-day chart is 39.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.13%. Stochastics %K at 7.02% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Momentive Global Inc. stocks on Jan 12, 2023, growing by 0.12 million shares to a total of 9.42 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 9.3 million shares. There was a rise of 1.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.59.

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

In filings from ArrowMark Colorado Holdings LLC, it is revealed that the company now owns 19,791,330 shares, or roughly 13.31% of the outstanding MNTV shares. In other words, the investor’s shares have risen by 6,141,786 from its previous 13-F filing of 13649544.0. Additionally, The Vanguard Group, Inc. increased 6.90% of its stake after which the total value it holdings stand at $101,628,856, while BlackRock Fund Advisors added 1.63% of its stake to hold $65.62 million in the firm. Over the last quarter, Morgan Stanley & Co. LLC purchased 5,579,862 shares of Momentive Global Inc., while Spyglass Capital Management LLC bought -630,226 shares. At present, Healthcare of Ontario Pension Pla is holding 4,055,500 shares valued at $31.27 million. Indaba Capital Management LP owned 3,692,083 shares of the company at the time of its most recent 13F filing, worth $28.47 million.

According to FactSet, Momentive Global Inc.’s share price will average $10.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.37 percent from its previous closing price of $7.10. Analysts expect Momentive Global Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $8.00. However, 6 analysts have rated MNTV stock as an Overweight in their predictions for 2023.


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