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Saturday, June 3, 2023

Make Sure You Stick With Cvent Holding Corp. (CVT). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cvent Holding Corp. (CVT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.43. The Cvent Holding Corp. has recorded 5,558 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cvent Receives Premier Women in Sales Employer Designation from the Institute for Excellence in Sales.

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Stocks Info

Cvent Holding Corp. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $8.43 and fluctuated between $8.44 as its day high and $8.41 as its day low. The current market capitalization of Cvent Holding Corp. is $4.12B. A total of 0.98 million shares were traded on the day, compared to an average of 1.95M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CVT has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 3,821 shares. Over the last 12 months, there were 9 BUYs and 3 SELLs from insiders. Insiders purchased 229,243 shares during that period but sold 5,964.

In the most recent transaction, NEWMAN WILLIAM J III sold 3,713 shares of CVT for 8.39 per share on Apr 04. After the transaction, the insider now owns 292,350 company shares. In a previous transaction on Feb 14, NEWMAN WILLIAM J III sold 108 shares at 7.42 per share. CVT shares that insider owns now total 296,063.

Among the insiders who bought shares, FRANKOLA JIM acquired of 9,800 shares on Jun 14 at a per-share price of $4.65. This resulted in the Director holding 77,800 shares of CVT after the transaction. In another insider transaction, FRANKOLA JIM bought 13,000 shares at $4.17 per share on Jun 13. Company shares held by the Director now total 68,000.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CVT in the last 3 months, the mean price target is $9.13 with high estimates of $11.00 and low estimates of $8.50. In terms of 52-week highs and lows, CVT has a high of $8.47 and a low of $3.30.

As of this writing, CVT has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.04 per share and a lower estimate of $0. The company reported an EPS of $0.06 in the last quarter, which was 50.00% higher than expectations of $0.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CVT’s latest balance sheet shows that the firm has $127.06M in Cash & Short Term Investments as of fiscal 2021. There were $304.40M in debt and $358.62M in liabilities at the time. Its Book Value Per Share was $3.32, while its Total Shareholder’s Equity was $1.63B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVT is Overweight with a score of 3.33. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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