Momentive Global Inc. (MNTV) Bundle
A Brief History of Momentive Global Inc. (MNTV)
Founding and Early Years
Momentive Global Inc. was founded in 2011 as a spin-off from SurveyMonkey, Inc. The company initially focused on providing online survey software, enabling businesses and organizations to gather feedback efficiently.
Acquisition of SurveyMonkey
In 2019, Momentive Global rebranded itself after acquiring SurveyMonkey for approximately $2 billion.
Initial Public Offering (IPO)
Momentive Global Inc. went public on September 15, 2020, under the ticker symbol MNTV, raising $180 million through its IPO. The opening price was set at $20 per share.
Financial Performance
| Year | Revenue ($ Millions) | Net Income ($ Millions) | EPS ($) |
|---|---|---|---|
| 2020 | 368 | -72 | -1.00 |
| 2021 | 436 | -57 | -0.78 |
| 2022 | 505 | -32 | -0.44 |
| 2023 (Projected) | 600 | 10 | 0.15 |
Strategic Partnerships and Growth
In 2021, Momentive Global announced partnerships with various tech firms to enhance its analytics capabilities, including integrations with Salesforce and Microsoft Teams.
Recent Developments
As of 2023, the market capitalization of Momentive Global Inc. is approximately $1.4 billion. The company's stock performance has seen fluctuations, with a 52-week range of $7.50 to $14.75.
Employee Growth
| Year | Number of Employees |
|---|---|
| 2020 | 600 |
| 2021 | 800 |
| 2022 | 1,000 |
| 2023 | 1,200 |
Market Position
Momentive Global holds a significant share of the online survey market, with an estimated market penetration of 25% in North America as of 2023.
Competitive Landscape
- Qualtrics
- Google Forms
- Typeform
- SurveyGizmo
Future Outlook
Looking ahead, Momentive Global aims to expand its product offerings, focusing on AI-driven analytics and improved user experience, with projected revenue growth of 15% annually through 2025.
A Who Owns Momentive Global Inc. (MNTV)
Company Overview
Company Overview
Momentive Global Inc. (MNTV), previously known as SurveyMonkey, operates as a software company specializing in survey and data collection solutions. The firm went public in April 2018 and trades on the NASDAQ under the ticker symbol MNTV. As of October 2023, Momentive has a market capitalization of approximately $1.2 billion.
Ownership Structure
As of the latest available data, the ownership of Momentive Global Inc. is distributed among various institutional investors, insiders, and individual shareholders. The following table summarizes the key stakeholders and their ownership percentages:
| Owner Type | Owner Name | Ownership Percentage | Number of Shares Owned | Value of Shares (Approx.) |
|---|---|---|---|---|
| Institutional Investor | Vanguard Group Inc. | 10.5% | 4,050,000 | $63.0 million |
| Institutional Investor | BlackRock Inc. | 8.3% | 3,150,000 | $50.4 million |
| Institutional Investor | Renaissance Technologies LLC | 5.1% | 1,900,000 | $30.4 million |
| Insider | Zander Lurie (CEO) | 3.0% | 1,140,000 | $18.2 million |
| Insider | James W. M. D. (Board Member) | 2.5% | 1,200,000 | $19.2 million |
| Other Investors | Public Float | 70.6% | 26,680,000 | $426.9 million |
Recent Share Performance
As of October 2023, Momentive Global Inc. shares are trading at $15.55, reflecting a year-to-date increase of approximately 35%. The following table provides a snapshot of recent share performance:
| Date | Opening Price | Closing Price | High | Low |
|---|---|---|---|---|
| October 1, 2023 | $14.30 | $15.55 | $15.70 | $14.10 |
| September 1, 2023 | $12.20 | $14.30 | $14.40 | $12.00 |
| August 1, 2023 | $10.50 | $12.20 | $12.50 | $10.20 |
Voting Rights
Momentive Global Inc. has a dual-class share structure that allows certain shareholders enhanced voting rights. The class A shares carry one vote per share, while class B shares hold ten votes per share. This structure results in the following allocation:
| Share Class | Vote Per Share | Ownership Percentage | Number of Shares |
|---|---|---|---|
| Class A | 1 | 30% | 11,400,000 |
| Class B | 10 | 70% | 26,680,000 |
Conclusion
Momentive Global Inc.'s ownership landscape demonstrates significant institutional investment, coupled with key insider holdings. The company's dual-class voting structure offers executives and founders enhanced control over corporate governance.
Momentive Global Inc. (MNTV) Mission Statement
Overview of Mission Statement
The mission statement of Momentive Global Inc. (MNTV) focuses on leveraging technology to enhance the decision-making process through data insights. It emphasizes the commitment to providing robust, user-friendly survey and analytics solutions that empower organizations to capture insights and drive meaningful change.
Key Components of the Mission Statement
- Customer Centricity: Prioritizing user experience and customer feedback in product development.
- Innovative Solutions: Committing to continuous innovation in survey technology and analytics tools.
- Global Reach: Aiming to expand the availability of their services worldwide.
- Data Integrity: Ensuring high standards of data quality and analytics reliability.
Financial Performance
| Fiscal Year | Revenue (in millions) | Net Income (in millions) | EBITDA (in millions) |
|---|---|---|---|
| 2021 | $161.2 | $10.3 | $37.1 |
| 2022 | $172.5 | $12.1 | $40.5 |
| 2023 (est.) | $180.0 | $15.0 | $45.0 |
Market Position
Momentive Global Inc. operates in the competitive landscape of survey and feedback solutions. As of 2023, the company holds approximately a 15% market share in the online survey market, competing with other major players such as Qualtrics and SurveyMonkey.
Target Audience
- Businesses: Ranging from SMBs to large enterprises looking for data-driven decisions.
- Academic Institutions: Seeking insights for research and student feedback.
- Non-profits: Needing data for program evaluation and stakeholder engagement.
Commitment to Innovation
Momentive allocates approximately 15% of its annual revenue to research and development, demonstrating its dedication to innovation in product offerings. This investment focuses on enhancing user interface design and incorporating advanced analytics features.
Employee Engagement and Company Culture
The company promotes a collaborative work environment, as reflected in employee satisfaction surveys, which consistently rate above 80% in engagement levels. Momentive Global Inc. believes that a motivated workforce is essential for achieving its mission.
Social Responsibility
Momentive is committed to social responsibility, engaging in various initiatives, including sustainability efforts and community outreach programs. The company aims to reduce its carbon footprint by 30% by 2025 through various internal measures.
Future Outlook
Looking ahead, Momentive Global Inc. plans to expand its product suite and enter new international markets, aiming for a revenue increase of at least 10% annually over the next five years.
How Momentive Global Inc. (MNTV) Works
Business Model
Momentive Global Inc., trading under the ticker MNTV, operates primarily in the market research industry. The company utilizes a software-as-a-service (SaaS) model to provide solutions for various client needs, including surveys and feedback collection. Momentive's flagship product, SurveyMonkey, allows users to create surveys and analyze responses in real time.
Revenue Streams
Momentive generates revenue through the following key streams:
- Subscription Services: Offering various tiers of paid subscriptions for advanced features.
- Enterprise Solutions: Custom solutions tailored for large organizations, with dedicated account management.
- Data Insights: Providing analytical reports and insights based on survey data.
Financial Overview
For the fiscal year 2022, Momentive reported total revenues of approximately $466.5 million. The breakdown of revenue sources is as follows:
| Revenue Source | 2022 Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| Subscription Services | $400.0 | 85.6% |
| Enterprise Solutions | $50.0 | 10.7% |
| Data Insights | $16.5 | 3.5% |
Market Position
As of the end of 2022, Momentive held a significant position in the market research sector. The estimated market share of Momentive in the global online survey market was around 20%. Competitors include Qualtrics, Google Forms, and Typeform.
User Statistics
Momentive serves over 20 million active users worldwide. The user demographic varies across industries, including:
- Education
- Healthcare
- Retail
- Technology
Recent Developments
In 2023, Momentive launched enhancements to its SurveyMonkey platform, focusing on AI-driven insights to improve data interpretation. The company also reported a customer satisfaction score of 88% based on user feedback in Q1 2023.
Stock Performance
As of October 2023, the stock price of Momentive Global Inc. (MNTV) was approximately $14.50 per share, showing a year-to-date increase of 12%.
Future Outlook
Analysts project that Momentive's revenue will grow at a CAGR of 10% over the next five years, driven by the increasing demand for market insights and innovative survey solutions.
How Momentive Global Inc. (MNTV) Makes Money
Revenue Streams
Momentive Global Inc. primarily generates revenue through its cloud-based survey and insights solutions. The company operates on a subscription-based model alongside additional service offerings.
Subscription Revenue
Momentive's subscription revenue comes from various products, such as SurveyMonkey and other feedback tools. In FY 2022, the company reported total revenue of approximately $426 million.
| Year | Subscription Revenue ($ Million) | Annual Growth Rate (%) |
|---|---|---|
| 2020 | 375 | 19% |
| 2021 | 400 | 7% |
| 2022 | 426 | 6.5% |
Professional Services
In addition to subscriptions, Momentive also offers professional services that augment their software, such as consultancy and tailored solutions. In FY 2022, professional services generated around $26 million.
Market Segments
The company serves various market segments, including:
- Small and Medium Businesses (SMBs)
- Enterprises
- Academic Institutions
- Nonprofits
Geographical Revenue Breakdown
The geographical distribution of Momentive's revenue reveals strong performance across different regions. In FY 2022, the revenue breakdown was as follows:
| Region | Revenue ($ Million) | Percentage of Total Revenue (%) |
|---|---|---|
| North America | 310 | 73% |
| Europe | 80 | 19% |
| Asia-Pacific | 36 | 8% |
Customer Base
Momentive boasts a diverse customer base. As of Q3 2023, the company reported approximately 19 million users worldwide, with about 800,000 paid users.
Churn Rate and Retention
Maintaining customer relationships is crucial. Momentive’s net revenue retention rate for FY 2022 was reported at 106%, indicating effective retention strategies.
Future Growth Strategies
Momentive aims to enhance its offerings through:
- Product enhancements
- Strategic partnerships
- Expanded marketing initiatives
- International market penetration
Financial Performance Highlights
Key financial highlights from FY 2022 include:
| Metric | Value |
|---|---|
| Gross Profit Margin | 71% |
| Operating Income | $45 Million |
| Net Income | $26 Million | Cash Flow from Operations | $77 Million |
Conclusion and Future Outlook
Momentive Global Inc. continues to innovate and grow in the insights sector while focusing on expanding its customer base and improving financial metrics.
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