Stifel Downgrades Cvent (CVT) to Hold

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Needham & Company Downgrades Cvent (CVT) to Hold Following Takeover

April 19, 2016 8:15 AM EDT

Needham & Company downgraded Cvent (NYSE: CVT) from Buy to Hold after the company agreed to be acquired by Vista Equity for $1.65B, or $36/sh.

For an analyst ratings summary and ratings history on Cvent click here. For more ratings news on Cvent click here.

Shares of Cvent closed at $35.23 yesterday.

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Cvent, Inc. (CVT) has potential for higher bid - JMP Securities

April 18, 2016 12:30 PM EDT

Cvent, Inc. (NYSE: CVT) has potential for higher bid, according to JMP Securities. The firm last rated Cvent at Market Outperform.

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Cvent, Inc. (CVT) Agrees to be Acquired by Vista Equity Partners for $1.65B

April 18, 2016 8:05 AM EDT

Cvent Inc. (NYSE: CVT) entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners, a leading private equity firm focused on investments in software, data and technology-enabled businesses.

The terms of this all-cash deal provide substantial value to Cvent stockholders. Vista will acquire 100 percent of the outstanding shares of Cvent common stock for a total value of approximately $1.65 billion. Cvent stockholders will receive $36.00 in cash per share, representing a premium of approximately 69 percent over Cvent's... More