Analyst Price Target Update on CVENT (NYSE:CVT)

CVENT (NYSE:CVT): The mean estimate for the short term price target for CVENT (NYSE:CVT) stands at $33.75 according to 4 Analysts. The higher price target estimate for the stock has been calculated at $40 while the lower price target estimate is at $29.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, JMP Securities downgrades its rating on CVENT (NYSE:CVT).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 9, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Quattrone David C., officer (Chief Technology Officer) of Cvent Inc, unloaded 4,000 shares at an average price of $22 on April 8, 2016. The total amount of the transaction was worth $88,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CVENT (NYSE:CVT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.25% at $35.64 with 1,427,331 shares getting traded. Post opening the session at $35.73, the shares hit an intraday low of $35.62 and an intraday high of $35.74 and the price was in this range throughout the day. The company has a market cap of $1,504 million and the number of outstanding shares have been calculated to be 42,197,390 shares. The 52-week high of CVENT (NYSE:CVT) is $37.25 and the 52-week low is $17.85.

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 Companys 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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