Sand Grove Capital Management Llp adds Cvent Inc (CVT) to its portfolio

Cvent Inc (CVT) : Sand Grove Capital Management Llp added new position in Cvent Inc during the most recent quarter end. The investment management firm now holds 481,890 shares of Cvent Inc which is valued at $15,608,417 , the company said in a statement filed on Aug 8, 2016 with the SEC.Cvent Inc makes up approximately 11.02% of Sand Grove Capital Management Llp’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust boosted its stake in CVT in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 3,055 shares of Cvent Inc which is valued at $98,951. Cvent Inc makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Td Asset Management Inc reduced its stake in CVT by selling 43,600 shares or 71.11% in the most recent quarter. The Hedge Fund company now holds 17,710 shares of CVT which is valued at $551,844. Sumitomo Mitsui Asset Management Company Ltd sold out all of its stake in CVT during the most recent quarter. The investment firm sold 41,000 shares of CVT which is valued $1,337,420.Simplex Trading boosted its stake in CVT in the latest quarter, The investment management firm added 59,307 additional shares and now holds a total of 73,166 shares of Cvent Inc which is valued at $2,490,571. Cvent Inc makes up approx 0.31% of Simplex Trading’s portfolio.

Cvent Inc closed down -0.31 points or -0.96% at $32.02 with 71,072 shares getting traded on Monday. Post opening the session at $32.29, the shares hit an intraday low of $31.971 and an intraday high of $32.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cvent Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.08. The company had revenue of $48.40 million for the quarter, compared to analysts expectations of $47.81 million. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

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 Company’s 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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