Large Outflow of Money Witnessed in CVENT

CVENT (CVT) : Wednesdays money flow analysis of CVENT (CVT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $21.62 million. In comparison, the inflow of money on upticks was a meager $6.67 million. The dollar value of composite uptick trades minus the downtick trades was negative $14.95 million. The uptick to downtick ratio of 0.31 in the money flow shows weakness. The uptick block trades were valued at $6.04 million. The downtick transaction value was high at $20.76 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.29. Hence, the net money flow in the stock was negative ($14.72 million). CVENT (CVT) gained $0.26 at $31.68, a change of 0.83% over the previous days close.


Shares of Cvent, Inc. appreciated by 0.57% during the last five trading days but lost 3.18% on a 4-week basis. Cvent, Inc. has dropped 11.31% during the last 3-month period . Year-to-Date the stock performance stands at -9.25%.

CVENT (CVT) : Zacks Investment Research ranks CVENT (CVT) as 3, which is a Hold recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 3, which indicates as a Hold.

CVENT (NYSE:CVT): The stock opened at $31.55 and touched an intraday high of $31.7 on Wednesday. During the day, the stock corrected to an intraday low of $31.3774, however, the bulls stepped in and pushed the price higher to close in the green at $31.68 with a gain of 0.83% for the day. The total traded volume for the day was 986,825. The stock had closed at $31.42 in the previous trading session.

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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