Recent Insider Transactions • May 21
Chief Financial Officer recently sold US$217k worth of stock On the 17th of May, Richard Sullivan sold around 23k shares on-market at roughly US$9.38 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • Feb 18
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: US$0.60 loss per share (improved from US$0.84 loss in FY 2021). Revenue: US$480.9m (up 8.4% from FY 2021). Net loss: US$89.9m (loss narrowed 27% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Feb 01
Momentive Launches New Survey Creation Capabilities for Surveymonkey to Run Research Like A Pro Momentive announced three new survey creation features for SurveyMonkey Enterprise and paid customers in the U.S. These new capabilities—including language personalization features, additional best/worst question types, and a multilingual email collector—empower users to create professional-grade surveys without requiring deep research expertise. From small businesses needing customer feedback, to market researchers wanting to understand their target audience, to marketers wanting to improve campaign effectiveness, or HR leaders aiming to boost employee retention and engagement, creating a survey that will capture attention and encourage completion is key. New SurveyMonkey creation capabilities include: The addition of new logic capabilities specifically geared towards language personalization further supports multilingual survey deployment and analysis. This added capability offers a comprehensive view of survey responses for surveys deployed in multiple languages. This allows for higher quality, holistic insights as users don't have to move between multiple versions of the same survey deployed in multiple languages. The new language personalization feature is now available. The addition of more question types, specifically best/worst questions, allows survey makers to gauge relative preference and the importance of choices. Adding this type of question helps creators have a more nuanced understanding of respondent sentiment. The new question types are now available. A customized multilingual email and SMS collector allows SurveyMonkey users to send email or text invitations to surveys in the local language from a simple drop-down menu. This empowers creators to send survey communications in the same language as the survey itself for multiple audiences, without needing to create different versions of the same email or SMS invite for each language. This update allows for a broader range of respondents, increased response rate, and an overall more personalized and inclusive user experience. The multilingual email collector will be available in second quarter 2023. These new capabilities join the already robust SurveyMonkey platform. With 250+ expert-written templates and guidance from SurveyMonkey Genius—which brings together AI, survey experts, and machine learning—users are fully equipped to jump start survey creation easily and efficiently to meet their unique needs, meet their own brand guidelines, and capture desired feedback. SurveyMonkey create features empower anyone—from novice to expert—to run sophisticated surveys that collect more precise data and insights. Announcement • Jan 31
Momentive Global Inc. to Report Q4, 2022 Results on Feb 16, 2023 Momentive Global Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 16, 2023 Recent Insider Transactions • Nov 19
Chief Operating Officer recently sold US$74k worth of stock On the 16th of November, Priyanka Carr sold around 9k shares on-market at roughly US$8.07 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Priyanka has been a net seller over the last 12 months, reducing personal holdings by US$235k. Price Target Changed • Nov 16
Price target decreased to US$11.42 Down from US$12.75, the current price target is an average from 6 analysts. New target price is 32% above last closing price of US$8.63. Stock is down 63% over the past year. The company is forecast to post a net loss per share of US$0.68 next year compared to a net loss per share of US$0.84 last year. Price Target Changed • Nov 06
Price target decreased to US$11.75 Down from US$12.75, the current price target is an average from 6 analysts. New target price is 52% above last closing price of US$7.71. Stock is down 65% over the past year. The company is forecast to post a net loss per share of US$0.68 next year compared to a net loss per share of US$0.84 last year. Reported Earnings • Nov 04
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: US$0.14 loss per share (improved from US$0.15 loss in 3Q 2021). Revenue: US$121.4m (up 5.8% from 3Q 2021). Net loss: US$20.3m (loss narrowed 11% from 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Price Target Changed • Oct 13
Price target decreased to US$12.58 Down from US$13.58, the current price target is an average from 6 analysts. New target price is 122% above last closing price of US$5.68. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$0.84 last year. Seeking Alpha • Aug 29
Momentive Global Sees Slowing Growth As Operating Losses Remain High Summary
Momentive Global recently reported Q2 2022 financial results.
The firm provides an array of customer and stakeholder feedback tools to organizations worldwide.
Momentive Global's revenue has largely plateaued and operating losses remain high.
This unhappy combination is a big reason for poor stock performance, so I'm on Hold for Momentive Global in the near term.
A Quick Take On Momentive Global
Momentive Global Inc. (MNTV) recently reported its Q2 2022 financial results on August 6, 2022, slightly missing expected revenue and EPS estimates.
The company provides software technologies to companies seeking customer and stakeholder feedback at scale.
With Momentive producing low revenue growth and making no progress toward operating breakeven, my outlook on the stock is on Hold for the near term.
Momentive Global Overview
San Mateo, California-based Momentive Global was founded in 1999 as Survey Monkey to provide companies with a way to better understand their customers.
Management is headed by CEO Zander Lurie, who has been CEO of the firm since January 2016 and was previously SVP Entertainment at GoPro (GPRO).
The company provides a number of functionalities as part of its modular system:
Surveys
Market Research
Online Payments
Tech Promoter Score
Marketing Creation
Apps and Plugins Marketplace
Momentive Global’s Market & Competition
According to a 2017 market research report from ResearchandMarkets, the global online survey market is expected to grow from $4.1 billion in 2017 to $6.9 billion by 2022.
This represents a significant CAGR of 11.25% during the forecast period, although from a relatively small baseline.
Key elements driving this expected growth include the increase in adoption of digitalization solutions among organizations, the growth of e-commerce function within companies and the need to communicate directly with customers to constantly improve service offerings.
Major competitive vendors that provide online survey services include:
Google
Zendesk
Qualtrics
Medallia
Confirmit
Inqwise
Campaign Monitor
Zoho
Momentive’s Recent Financial Performance
Total revenue by quarter has grown moderately over the past five quarters:
5 Quarter Total Revenue (Seeking Alpha)
Gross profit by quarter has followed a similar trajectory as that of total revenue:
5 Quarter Gross Profit (Seeking Alpha)
Selling, G&A expenses as a percentage of total revenue by quarter have remained elevated and within a fairly narrow range in the past five quarters:
5 Quarter Selling, G&A % Of Revenue (Seeking Alpha)
Operating income by quarter had remained materially negative in recent reporting periods:
5 Quarter Operating Income (Seeking Alpha)
Earnings per share (Diluted) have also remained substantially negative, as the chart shows below:
5 Quarter Earnings Per Share (Seeking Alpha)
(All data in above charts is GAAP)
In the past 12 months, MNTV’s stock price has dropped 63.7% vs. the U.S. S&P 500 index’ fall of around 10.5%, as the chart below indicates:
52 Week Stock Price (Seeking Alpha)
Valuation And Other Metrics For Momentive Global
Below is a table of relevant capitalization and valuation figures for the company:
Measure [TTM]
Amount
Enterprise Value / Sales
2.31
Revenue Growth Rate
15.0%
Net Income Margin
-27.8%
GAAP EBITDA %
-0.14%
Market Capitalization
$1,060,000,000
Enterprise Value
$1,090,000,000
Operating Cash Flow
$12,960,000
Earnings Per Share (Fully Diluted)
-$0.87
(Source - Seeking Alpha)
As a reference, a relevant partial public comparable would be Qualtrics (XM); shown below is a comparison of their primary valuation metrics:
Metric
Qualtrics
Momentive Global
Variance
Net Income Margin
-91.2%
-27.77%
-69.6%
Revenue Growth Rate
43.1%
-0.1%
-100.3%
Operating Cash Flow
$37,240,000
$12,960,000
-65.2%
Enterprise Value / Sales
5.2
2.3
-55.2%
(Source - Seeking Alpha)
A full comparison of the two companies’ performance metrics may be viewed here.
The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.
MNTV’s most recent GAAP Rule of 40 calculation was only 14.8% as of Q2 2022, so the firm needs improvement in this regard, per the table below:
Rule of 40 - GAAP
Calculation
Recent Rev. Growth %
15.0%
GAAP EBITDA %
-0.1%
Total
14.8%
(Source - Seeking Alpha)
Commentary On Momentive Global
In its last earnings call (Source - Seeking Alpha), covering Q2 2022’s results, management highlighted revenue growth within guidance despite a number of economic headwinds including inflation, currency volatility and late quarter demand softness. Recent Insider Transactions • Aug 20
CEO & Director recently sold US$144k worth of stock On the 16th of August, Alexander Lurie sold around 19k shares on-market at roughly US$7.63 per share. This was the largest sale by an insider in the last 3 months. Alexander has been a seller over the last 12 months, reducing personal holdings by US$978k. Recent Insider Transactions Derivative • Aug 12
Chief Financial Officer notifies of intention to sell stock Justin Coulombe intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of August. If the sale is conducted around the recent share price of US$7.81, it would amount to US$141k. Since September 2021, Justin's direct individual holding has increased from 100.05k shares to 309.34k. Company insiders have collectively sold US$4.4m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Aug 05
Price target decreased to US$17.25 Down from US$20.50, the current price target is an average from 6 analysts. New target price is 126% above last closing price of US$7.64. The company is forecast to post a net loss per share of US$0.65 next year compared to a net loss per share of US$0.84 last year. Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.19 loss per share (up from US$0.20 loss in 2Q 2021). Revenue: US$120.2m (up 9.8% from 2Q 2021). Net loss: US$28.6m (loss narrowed 2.3% from 2Q 2021). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 25
CEO & Director recently sold US$227k worth of stock On the 17th of May, Alexander Lurie sold around 19k shares on-market at roughly US$11.95 per share. This was the largest sale by an insider in the last 3 months. Alexander has been a seller over the last 12 months, reducing personal holdings by US$1.2m. Board Change • May 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Sagar Gupta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 12
Momentive Global Inc. Launches Idea Screening for Fast, AI-Powered Insights on Early-Stage Creative and Product Ideas Momentive Global Inc. announced the availability of Idea Screening, a new insights solution for concept and creative testing. The solution is designed to provide quick, AI-powered insights on early-stage ideas, claims, or concepts so product and marketing professionals can test idea saliency and effectiveness before investing in further development. Idea Screening integrates industry-proven research methodology with the global Momentive panel so users can quickly validate a large number of stimuli with hard-to-reach target audiences. Automated analysis tools, such as scorecards with statistical analysis, and AI-powered insights help to quickly identify top ideas. Its intuitive user interface enables quick, guided project setup, and its automated analysis features allow for quick insights identification, without needing to be a research expert. Unlike current offerings from legacy agencies, which can be slow and expensive, Idea Screening brings the same robust methodology to an agile software solution, reducing the time and cost of gathering insights. Key benefits include: Speed to insights: Users can deploy in a matter of hours with guided self-service setup or launch with the help of success and services team. Key Driver Analysis and AI-powered insights instantly surface areas of strength and opportunities for improvement, without needing to spend precious time manually analyzing results. Analysis features such as scorecards with statistical testing, word clouds, crosstab reports, filters, and presentation-ready deliverables offer users both high-level and detailed insights even with a limited sample size. Built-in expertise: The built-in sequential monadic research methodology and best practices offer industry-proven research design without requiring users to have deep research expertise. High quality, global data: Trusted, high quality, well-known data is available through the global Momentive panel, allowing users to reach broad or niche audiences for B2B or B2C needs. Includes global reach through a panel of 175M+ people in 130+ countries, and also offers translation services to localize research for relevant audiences. Flexibility: Includes the ability to test up to 20 stimuli of any type, including video, text, or image. Allows users to select from a large set of attributes or add custom attributes to test multiple stimuli. Offers users the flexibility to choose how many stimuli each respondent is exposed to. Cost-effectiveness: The built-in sequential monadic methodology offers a cost-effective way to test more stimuli, especially for larger studies. Announcement • May 05
Momentive Global Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022 Momentive Global Inc. provided earnings guidance for the second quarter and fiscal year 2022. For the quarter, the company expects revenue of $120 million - $122 million. For the year, the company expects revenue of $494 million - $500 million. Announcement • Apr 26
Momentive Global Inc., Annual General Meeting, Jun 07, 2022 Momentive Global Inc., Annual General Meeting, Jun 07, 2022, at 12:00 Pacific Standard Time. Agenda: To approve the amendment of the Certificate of Incorporation of the Company to declassify the board of directors; to elect three directors as specified in the proxy statement; to approve, on a non-binding advisory basis, the compensation of Named Executive Officers; and to discuss other matters. Announcement • Apr 14
Momentive Global Inc. to Report Q1, 2022 Results on May 04, 2022 Momentive Global Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Announcement • Mar 04
Momentive Global Inc. Announces the Release of Guided Employee Experience Powered by SurveyMonkey Momentive announced the release of Guided Employee Experience powered by SurveyMonkey. It's designed to empower companies to shape inclusive, high-performing workplaces through feedback. The solution is tailor-made for value-oriented customers who prioritize speed and ease of use. With it, human resources (HR) and People leaders can increase employee satisfaction and retention. The launch comes as employers across the country navigate the Great Resignation. A record 4.5 million workers resigned this past November alone. Momentive research suggests the trend is not slowing down. One in three workers (33%) report they’ve considered quitting in recent months. Despite this, over one-third (36%) of executives described morale as “excellent.” Designed for use in the United States, here’s a snapshot of what Guided Employee Experience delivers: A tailored game plan: In-house employee experience experts analyze the data alongside company goals, strengths, and weaknesses. From there, Momentive helps develop a plan built around the organization’s unique needs. Customized survey programming: Every workplace is different. Momentive leverages 20+ years of survey expertise to guide HR leaders to ask questions that get to the heart of how employees think and feel about their workplace. Deep analysis and executive reporting: Raw feedback data is transformed into actionable insights. Real-time dashboards, key driver analyses, predictive analytics, and expert recommendations help optimize the employee experience. The release of Guided Employee Experience follows the U.S. launch of Workplace Equity IQ from Momentive. The AI-powered diversity, equity, and inclusion (DEI) solution combines employee engagement data with expert insights, so employers can navigate sensitive DEI topics. The solutions reflect the ongoing commitment from Momentive to create inclusive workplaces where people of all backgrounds can thrive. Research shows employers must focus on DEI if they want to keep employees. The CNBC|SurveyMonkey Workforce Happiness Index found that one quarter of workers (24%) say their company is “not doing enough” to prioritize DEI. These workers also score significantly lower on the Workforce Happiness Index. To keep and engage talent, companies must focus on what an inclusive workplace means to their employees and take decisive action to create it. Announcement • Mar 02
Momentive Global Inc. Appoints Sagar Gupta to Board of Directors Momentive Global Inc. has entered into a cooperation agreement with Legion Partners, a significant stockholder of the company. As part of the agreement, the Company will appoint Legion’s Sagar Gupta to the Momentive Board of Directors, and he will serve as a member of the Board’s Strategic Committee, which will continue to oversee and direct the Company’s strategic review. Sagar Gupta is a Senior Analyst and head of TMT Investing at Legion Partners, a value-oriented activist investment manager. Previously, Sagar was a member of the founding team at Finchwood Capital, a concentrated, long/short TMT equity hedge fund. Prior to Finchwood, he was at Balyasny Asset Management, a long/short equity hedge fund, where he focused on TMT investing. Before Balyasny, he was at Kohlberg Kravis Roberts & Co. (KKR) as a member of the special situations and private debt investment teams. Price Target Changed • Feb 22
Price target decreased to US$24.71 Down from US$27.33, the current price target is an average from 6 analysts. New target price is 59% above last closing price of US$15.54. Stock is down 19% over the past year. The company is forecast to post a net loss per share of US$0.58 next year compared to a net loss per share of US$0.84 last year. Recent Insider Transactions Derivative • Feb 22
Chief Legal Officer & Secretary notifies of intention to sell stock Lora Blum intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of February. If the sale is conducted around the recent share price of US$16.19, it would amount to US$52k. Since March 2021, Lora's direct individual holding has increased from 82.14k shares to 96.27k. Company insiders have collectively sold US$4.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 20
President recently sold US$161k worth of stock On the 16th of February, Thomas Hale sold around 10k shares on-market at roughly US$15.62 per share. This was the largest sale by an insider in the last 3 months. Thomas has been a seller over the last 12 months, reducing personal holdings by US$1.0m. Reported Earnings • Feb 12
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: US$0.84 loss per share (down from US$0.66 loss in FY 2020). Revenue: US$443.8m (up 18% from FY 2020). Net loss: US$123.2m (loss widened 35% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 20%, compared to a 234% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Jan 02
Forecast to breakeven in 2024 The 7 analysts covering Momentive Global expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.70m in 2024. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Recent Insider Transactions Derivative • Nov 22
Chief People Officer notifies of intention to sell stock Rebecca Cantieri intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of November. If the sale is conducted around the recent share price of US$23.07, it would amount to US$107k. Since December 2020, Rebecca's direct individual holding has decreased from 116.79k shares to 103.71k. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 20
President recently sold US$316k worth of stock On the 16th of November, Thomas Hale sold around 14k shares on-market at roughly US$22.82 per share. This was the largest sale by an insider in the last 3 months. Thomas has been a seller over the last 12 months, reducing personal holdings by US$1.2m. Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.18 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$114.8m (up 20% from 3Q 2020). Net loss: US$22.9m (loss narrowed 12% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.18 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$114.8m (up 20% from 3Q 2020). Net loss: US$22.9m (loss narrowed 12% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Nov 01
Independent Director notifies of intention to sell stock Erika James intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of October. If the sale is conducted around the recent share price of US$24.86, it would amount to US$109k. Since March 2021, Erika's direct individual holding has increased from 12.87k shares to 29.50k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Oct 10
Independent Director exercised options and sold US$208k worth of stock On the 7th of October, Dana Evan exercised 12k options at a strike price of around US$4.50 and sold these shares for an average price of US$21.21 per share. This trade did not impact their existing holding. Since March 2021, Dana's direct individual holding has increased from 24.72k shares to 29.31k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 10
Independent Director exercised options and sold US$207k worth of stock On the 7th of September, Dana Evan exercised 12k options at a strike price of around US$4.50 and sold these shares for an average price of US$21.10 per share. This trade did not impact their existing holding. Since March 2021, Dana's direct individual holding has increased from 24.72k shares to 25.86k. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 26
Chief Legal Officer & Secretary notifies of intention to sell stock Lora Blum intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of August. If the sale is conducted around the recent share price of US$19.37, it would amount to US$66k. Since September 2020, Lora's direct individual holding has increased from 101.18k shares to 108.53k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 25
CEO & Director recently sold US$357k worth of stock On the 19th of August, Alexander Lurie sold around 19k shares on-market at roughly US$19.29 per share. This was the largest sale by an insider in the last 3 months. Alexander has been a seller over the last 12 months, reducing personal holdings by US$1.7m. Announcement • Aug 18
Momentive Launches Workplace Equity IQ to Help Companies Measure Dei Like It Matters—And Take Action on the Insights Momentive announced the launch of Workplace Equity IQ, a solution that pairs the company’s AI-powered employee engagement solution with specialized professional services from Momentive DEI experts. With Workplace Equity IQ, customers like Headspace and Chime will go beyond merely tracking the representation of diverse groups to truly understand the beliefs and experiences of employees across intersectional identities and use that information to inform their DEI roadmap and HR strategy. Workplace Equity IQ leverages the Momentive agile experience platform and in-house specialized consulting. The solution helps companies circulate employee engagement studies that navigate sensitive DEI topics to gain a deeper, more realistic understanding of inclusion, safety, trust, and experiences of bias among employees, all while being mindful of employee sensitivity and confidentiality. Momentive DEI experts will layer the findings with data from HR information systems (HRIS) to build a clear, visual understanding of employee experience and deliver a customized strategy for closing gaps based on decades of DEI expertise. Executive Departure • Aug 18
VP & Chief Accounting Officer Dharti Patel has left the company On the 16th of August, Dharti Patel's tenure as VP & Chief Accounting Officer ended. As of June 2021, Dharti still personally held 76.32k shares (US$1.6m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.58 years. Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$0.20 loss per share (vs US$0.17 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$109.4m (up 20% from 2Q 2020). Net loss: US$29.2m (loss widened 28% from 2Q 2020). Announcement • Aug 06
Momentive Global Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2021 Momentive Global Inc. provided earnings guidance for the third quarter and full year 2021. For the quarter, the company expects revenue in the range of $112.5 million - $114.5 million.
For the year, the company expects revenue in the range of $443 million - $447 million. Recent Insider Transactions Derivative • Jul 24
Independent Director exercised options and sold US$206k worth of stock On the 20th of July, Dana Evan exercised 12k options at a strike price of around US$4.50 and sold these shares for an average price of US$21.07 per share. This trade did not impact their existing holding. Since September 2020, Dana has owned 25.86k shares directly. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 12
Independent Director exercised options and sold US$616k worth of stock On the 10th of June, Dana Evan exercised 37k options at a strike price of around US$4.50 and sold these shares for an average price of US$21.00 per share. This trade did not impact their existing holding. Since September 2020, Dana's direct individual holding has decreased from 25.86k shares to 24.72k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 21
President recently sold US$246k worth of stock On the 18th of May, Thomas Hale sold around 14k shares on-market at roughly US$18.22 per share. This was the largest sale by an insider in the last 3 months. Thomas has been a seller over the last 12 months, reducing personal holdings by US$2.1m. Recent Insider Transactions Derivative • May 19
CEO, Interim CFO & Director exercised options to buy US$1.2m worth of stock. On the 13th of May, Alexander Lurie exercised options to buy 65k shares at a strike price of around US$16.03, costing a total of US$1.0m. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. Since June 2020, Alexander's direct individual holding has decreased from 916.98k shares to 792.73k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 08
First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$102.3m (up 16% from 1Q 2020). Net loss: US$29.6m (loss widened 22% from 1Q 2020). Announcement • May 07
SVMK Inc. Provides Financial Guidance for the Second Quarter and Full Year of 2021 SVMK Inc. provided financial guidance for the second quarter and full year of 2021. For the second quarter of 2021, the company currently expects revenue to be in the range of $106 million - $108 million.
For the full year of 2021, the company currently expects revenue to be in the range of $440 million - $447 million. Announcement • Apr 29
GetFeedback from SurveyMonkey Adds New Listening, Analysis, and Automation Features to Simplify Customer Experience SurveyMonkey announced new product features within its multichannel customer experience (CX) platform, GetFeedback. The powerful new innovations enable customers to collect feedback in even more places like ATMs and high-security websites, and share that feedback with their teams in workplace apps like Slack. With GetFeedback, an organization at any level of CX maturity can easily leverage AI-powered analytics to quickly uncover impactful insights and utilize these insights to create better customer experiences. Customers like Carrefour, Honeywell, KLM Royal Dutch Airlines, and Onlia already use GetFeedback to excel at customer experience in a world of rapid change. The latest releases extend the reach of GetFeedback to secure environments like ATMs, new environments like car consoles, high-security websites, and more to deliver a consistent feedback collection experience across the customer journey. With the easy-to-use API that scales and provides a consistent end-user experience, Embedded Listener connects CX leaders to customers in more places. These new features make it easier than ever to identify signals in the noise on a global scale, including: Powered by SurveyMonkey’s highly-accurate machine learning models, Text Insights help users uncover meaningful insights in large volumes of open text feedback through sentiment analysis and identifying key phrases. The feature understands positive, negative, and neutral sentiment and can visualize the sentiments. Text Insights also consists of a fast, visual way to identify common phrases in open text feedback. This feature makes it easy for users to quickly identify areas to prioritize while eliminating the manual effort required to sift through individual responses. Sentiment analysis will offer support in ten languages: French, German, Dutch, Italian, Spanish, Portuguese, Swedish, Danish, and Finnish, as well as English. Visualization features that aggregate trends in open-text responses while still allowing users to drill into individual responses to gain a fuller understanding into the “why” behind customer experience trends. GetFeedback has always captured multichannel feedback across web, mobile, social, and in-store environments. One of the most powerful features of this latest release is Automations that enable customers to automatically trigger actions and push all that feedback into critical workplace platforms, like Slack, so teams can take action—such as prioritizing low NPS® scores for follow up, creating support tickets, and pushing data into BI tools for analysis—without disrupting their workflow. Announcement • Mar 10
Mulberry Selects SurveyMonkey’s Getfeedback Platform to Power Its Agile Customer Experience Program SurveyMonkey announced that Mulberry has selected SurveyMonkey’s GetFeedback platform to power its customer experience (CX) program. Compared to service-heavy CX offerings, the GetFeedback platform is a powerful yet easy-to-use agile CX solution that helps organizations set up their CX program within days—not months—to quickly understand and act on customer insights. Leveraging agile CX enables organizations to identify problems, iterate quickly, and deliver meaningful experiences that increase customer satisfaction and loyalty. With GetFeedback, Mulberry is now able to understand customer needs and reduce friction points, including post-purchase feedback after online transactions and website feedback. Executive Departure • Mar 07
Chief Financial Officer has left the company On the 5th of March, Deborah Clifford's tenure as Chief Financial Officer ended after 1.7 years in the role. As of December 2020, Deborah personally held 26.67k shares (US$681k worth at the time). Deborah is the only executive to leave the company over the last 12 months. Announcement • Feb 26
SVMK Inc. Announces Executive Changes On February 22, 2021, Deborah L. Clifford, SVMK Inc.'s Chief Financial Officer, notified the Company she will be leaving SurveyMonkey effective March 5, 2021. Ms. Clifford's departure is related to her pursuing another career opportunity and not a result of any disagreement with the Company regarding its operations or practices. Upon Ms. Clifford's departure, Zander Lurie, the Company's Chief Executive Officer, will serve as the Company's interim Chief Financial Officer while the Company searches for her successor. Mr. Lurie will continue to serve as the Company's Chief Executive Officer as well and will not receive any additional compensation for his services as interim Chief Financial Officer. Is New 90 Day High Low • Feb 24
New 90-day low: US$19.29 The company is down 8.0% from its price of US$20.95 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$23.10 per share. Recent Insider Transactions • Feb 23
CEO & Director recently sold US$462k worth of stock On the 17th of February, Alexander Lurie sold around 22k shares on-market at roughly US$21.17 per share. This was the largest sale by an insider in the last 3 months. Alexander has been a seller over the last 12 months, reducing personal holdings by US$2.0m. Recent Insider Transactions Derivative • Feb 19
Independent Director notifies of intention to sell stock Dana Evan intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$23.80, it would amount to US$889k. Since March 2020, Dana's direct individual holding has increased from 8.38k shares to 25.86k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.