Market Summary
USD8.39+0.03
Delayedas of 27 Mar 2023, 02:00 pm0.36%
CVT Alerts
CVT Stock Price
CVT RSI Chart
CVT Valuation
CVT Price/Sales (Trailing)
CVT Profitability
CVT Fundamentals
CVT Revenue
CVT Earnings
Price Action
52 Week Range
3.308.40
(Low)(High)
Last 7 days
0.1%
Last 30 days
8.6%
Last 90 days
61.1%
Trailing 12 Months
28.6%
CVT Financial Health
CVT Investor Care
Financials for CVENT HOLDING
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.3% | 631 | 604 | 577 | 539 | 519 |
| Gross Profit | 3.8% | 383 | 369 | 354 | 335 | 327 |
| Operating Expenses | 4.0% | 459 | 441 | 428 | 400 | 372 |
| S&GA Expenses | 5.1% | 177 | 168 | 163 | 147 | 136 |
| R&D Expenses | 5.9% | 131 | 123 | 115 | 106 | 97.00 |
| EBITDA | 3.5% | 39.00 | 38.00 | -13.61 | - | - |
| EBITDA Margin | -1.2% | 0.06* | 0.07* | -0.03* | - | - |
| Earnings Before Taxes | 8.0% | -88.90 | -96.62 | -104 | -94.07 | -79.03 |
| EBT Margin | 11.5% | -0.16* | -0.18* | -0.19* | - | - |
| Interest Expenses | -26.4% | 10.00 | 13.00 | 19.00 | 24.00 | 29.00 |
| Net Income | 2.3% | -100 | -102 | -110 | -100 | -86.08 |
| Net Income Margin | 42.7% | -0.17* | -0.30* | -0.26* | - | - |
| Free Cahsflow | -40.3% | 134 | 225 | 198 | - | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.8% | 2,266 | 2,205 | 2,238 | 2,341 | 2,306 |
| Current Assets | 31.2% | 306 | 233 | 247 | 338 | 285 |
| Cash Equivalents | -7.2% | 100 | 108 | 108 | 188 | 127 |
| Net PPE | 4.3% | 15.00 | 15.00 | 14.00 | 15.00 | 15.00 |
| Goodwill | 0.0% | 1,620 | 1,621 | 1,622 | 1,618 | 1,618 |
| Liabilities | 6.8% | 655 | 613 | 648 | 733 | 677 |
| Current Liabilities | 0.1% | 402 | 401 | 404 | 417 | 359 |
| Long Term Debt | -26.9% | 192 | 263 | 262 | - | - |
| LT Debt, Current | NaN% | - | - | - | - | - |
| LT Debt, Non Current | 26.1% | 208 | 165 | 195 | 263 | 262 |
| Shareholder's Equity | 1.2% | 1,611 | 1,592 | 1,590 | 1,608 | 1,629 |
| Retained Earnings | -2.1% | -951 | -932 | -914 | -883 | -851 |
| Additional Paid-In Capital | 1.3% | 2,571 | 2,539 | 2,512 | 2,494 | 2,484 |
| Accumulated Depreciation | -2.3% | 47.00 | 48.00 | 46.00 | - | - |
| Shares Outstanding | 0.8% | 488 | 484 | 483 | 481 | 481 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -12.5% | 124 | 142 | 134 | 151 | 122 |
| Share Based Compensation | 20.0% | 65.00 | 54.00 | 43.00 | 34.00 | 25.00 |
| Cashflow From Investing | -76.2% | -106 | -60.31 | -59.66 | -53.55 | -60.84 |
| Cashflow From Financing | 46.4% | -39.85 | -74.29 | -52.92 | 13.00 | 3.00 |
| Buy Backs | -100.0% | 0.00 | 0.00 | 0.00 | 0.00 | - |
Risks for CVT
What is the probability of a big loss on CVT?
91.2%
Probability that CVENT HOLDING stock will be more than 20% underwater in next one year
67.7%
Probability that CVENT HOLDING stock will be more than 30% underwater in next one year.
63.2%
Probability that CVENT HOLDING stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CVT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if CVENT HOLDING was unfortunately bought at previous high price.
Drawdowns
Returns for CVT
Cumulative Returns on CVT
Which funds bought or sold CVT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-02-28 | Voya Investment Management LLC | reduced | -30.33 | -47,514 | 119,486 | -% |
2023-02-15 | MetLife Investment Management, LLC | unchanged | - | 4,295 | 153,295 | -% |
2023-02-15 | LAZARD ASSET MANAGEMENT LLC | unchanged | - | 1,000 | 46,000 | -% |
2023-02-15 | ALLIANCEBERNSTEIN L.P. | added | 25.46 | 82,500 | 364,500 | -% |
2023-02-15 | Cerity Partners LLC | unchanged | - | 82,092 | 2,943,090 | 0.02% |
2023-02-15 | Belvedere Trading LLC | new | - | 832 | 832 | -% |
2023-02-15 | State of Wyoming | added | 807 | 111,232 | 124,232 | 0.04% |
2023-02-15 | Metropolitan Life Insurance Co/NY | unchanged | - | 383 | 17,383 | -% |
2023-02-14 | Covestor Ltd | added | 100 | - | - | -% |
2023-02-14 | Invenomic Capital Management LP | reduced | -5.32 | -6,196 | 227,804 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CVT Alerts
CVENT HOLDING News
Schedule 13G FIlings of CVENT HOLDING
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 16, 2023 | blackstone holdings iii l.p. | 0.6% | 3e+06 | SC 13D | |
| Mar 16, 2023 | vista equity partners fund vi, l.p. | 37.0% | 181,049,399 | SC 13D/A | |
| Mar 15, 2023 | vista equity partners fund vi, l.p. | 37.0% | 181,049,399 | SC 13D/A | |
| Feb 04, 2022 | weiss asset management lp | 0.00% | 0 | SC 13G/A |
CVT Fair Value
Recent SEC filings of CVENT HOLDING
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 3 | Insider Trading | |
| Mar 16, 2023 | SC 13D | 13D - Major Acquisition | |
| Mar 16, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Mar 15, 2023 | DEFA14A | DEFA14A | |
| Mar 15, 2023 | DEFA14A | DEFA14A | |
| Mar 15, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Mar 14, 2023 | DEFA14A | DEFA14A | |
| Mar 14, 2023 | 10-K | Annual Report | |
| Mar 14, 2023 | 8-K | Current Report | |
| Mar 14, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for CVT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-14 | NEWMAN WILLIAM J III | sold | -801 | 7.42 | -108 | see remarks |
2022-11-15 | NEWMAN WILLIAM J III | acquired | - | - | 290 | see remarks |
2022-06-14 | FRANKOLA JIM | bought | 45,570 | 4.65 | 9,800 | - |
2022-06-13 | FRANKOLA JIM | bought | 54,210 | 4.17 | 13,000 | - |
2022-06-10 | NEWMAN WILLIAM J III | sold | -7,406 | 3.4562 | -2,143 | see remarks |
2022-05-19 | FRANKOLA JIM | acquired | - | - | 33,370 | - |
2022-05-19 | KOONCE JEANNETTE | acquired | - | - | 96,301 | see remarks |
2022-05-19 | Martin Marcela | acquired | - | - | 33,370 | - |
2022-05-19 | Iskow Julie | acquired | - | - | 23,112 | - |
2022-05-16 | FRANKOLA JIM | bought | 72,150 | 5.55 | 13,000 | - |
Cvent Holding Corp. provides a cloud-based enterprise event marketing, management, and hospitality platform for meetings and events value ecosystem in North America and internationally. The company's Event Cloud solutions consists of event marketing and management services that enables marketers and planners to maximize engagement and ROI from their virtual in-person or hybrid events. Its Hospitality Cloud solutions provides hotels, venues, and destinations with online marketing solutions for marketing their events business to planners; and software solutions that automate the events sales cycle and enhancing collaboration with planners to design and manage events. In addition, company provides hospitality cloud online marketing solutions, which enables suppliers to advertise and market on venue sourcing networks, including CSN, Cvent SpeedRFP, and Cvent Wedding Spot; hospitality cloud software solutions, such as hotels, destinations, and venues software solutions to automate and enhance how they sell and execute events; and network effect. The company sells its platform primarily through a direct inside sales team. Cvent Holding Corp. was founded in 1999 and is headquartered in Tysons, Virginia.
CVT Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue | $ 630,558 | $ 518,811 | $ 498,700 |
| Cost of revenue | 247,854 | 191,448 | 176,250 |
| Gross profit | 382,704 | 327,363 | 322,450 |
| Operating expenses: | |||
| Sales and marketing | 176,959 | 135,616 | 128,388 |
| Research and development | 130,620 | 96,627 | 87,866 |
| General and administrative | 102,544 | 88,206 | 80,564 |
| Intangible asset amortization, exclusive of amounts included in cost of revenue | 48,637 | 51,478 | 53,844 |
| Total operating expenses | 458,760 | 371,927 | 350,662 |
| Loss from operations | (76,056) | (44,564) | (28,212) |
| Interest expense | (9,865) | (29,073) | (35,557) |
| Amortization of deferred financing costs and debt discount | (891) | (3,606) | (3,798) |
| Loss on extinguishment of debt | (3,219) | (7,159) | 0 |
| Loss on divestitures, net | 0 | 0 | (9,634) |
| Other income, net | 1,135 | 5,367 | 1,333 |
| Loss before income taxes | (88,896) | (79,035) | (75,868) |
| Provision for income taxes | 11,374 | 7,044 | 7,865 |
| Net loss | (100,270) | (86,079) | (83,733) |
| Other comprehensive income (loss): | |||
| Other comprehensive income (loss) | (5,985) | (2,793) | 1,165 |
| Comprehensive loss | $ (106,255) | $ (88,872) | $ (82,568) |
| Earnings per share, basic | $ (0.21) | $ (0.20) | $ (0.20) |
| Earnings per share, diluted | $ (0.21) | $ (0.20) | $ (0.20) |
| Weighted average number of shares outstanding, basic | 483,047,301 | 420,692,510 | 416,187,054 |
| Weighted average number of shares outstanding, diluted | 483,047,301 | 420,692,510 | 416,187,054 |
CVT Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 99,108 | $ 126,526 |
| Restricted cash | 815 | 103 |
| Short-term investments | 40,925 | 538 |
| Accounts receivable, net of allowance of $2.6 million and $4.5 million, respectively | 120,362 | 112,251 |
| Capitalized commissions, net | 26,685 | 25,393 |
| Prepaid expenses and other current assets | 17,819 | 20,376 |
| Total current assets | 305,714 | 285,187 |
| Property and equipment, net | 15,250 | 15,334 |
| Capitalized software development costs, net | 96,959 | 108,851 |
| Intangible assets, net | 172,781 | 221,371 |
| Goodwill | 1,620,312 | 1,617,880 |
| Operating lease right-of-use assets | 20,398 | 28,370 |
| Capitalized commissions, net, non-current | 23,477 | 22,999 |
| Deferred tax assets, non-current | 2,425 | 2,403 |
| Other assets, non-current, net | 8,617 | 3,684 |
| Total assets | 2,265,933 | 2,306,079 |
| Current liabilities: | ||
| Current portion of long-term debt | 0 | 0 |
| Accounts payable | 2,147 | 2,675 |
| Accrued expenses and other current liabilities | 82,249 | 79,827 |
| Fees payable to customers | 38,379 | 24,982 |
| Operating lease liabilities, current | 11,070 | 11,290 |
| Deferred revenue | 267,882 | 239,843 |
| Total current liabilities | 401,727 | 358,617 |
| Deferred tax liabilities, non-current | 18,103 | 16,695 |
| Long-term debt, net | 208,000 | 262,302 |
| Operating lease liabilities, non-current | 19,712 | 30,809 |
| Other liabilities, non-current | 7,526 | 8,200 |
| Total liabilities | 655,068 | 676,623 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value, 1,500,000,000 shares authorized at December 31, 2022 and 2021, respectively; 488,296,792 and 481,121,695 shares issued and outstanding as of December 31, 2022 and 2021, respectively | 49 | 48 |
| Additional paid-in capital | 2,571,424 | 2,483,761 |
| Accumulated other comprehensive loss | (8,731) | (2,746) |
| Accumulated deficit | (951,877) | (851,607) |
| Total stockholders’ equity | 1,610,865 | 1,629,456 |
| Total liabilities and stockholders’ equity | $ 2,265,933 | $ 2,306,079 |