MNTN Inc. (NYSE:MNTN – Get Free Report) major shareholder Baroda Ventures Llc sold 33,617 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $12.56, for a total value of $422,229.52. Following the sale, the insider owned 6,650,658 shares of the company’s stock, valued at approximately $83,532,264.48. The trade was a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Baroda Ventures Llc also recently made the following trade(s):
- On Thursday, August 13th, Baroda Ventures Llc sold 26,823 shares of MNTN stock. The shares were sold at an average price of $12.53, for a total transaction of $336,092.19.
MNTN Stock Performance
MNTN stock traded down $0.07 during midday trading on Monday, reaching $12.45. 991,418 shares of the company were exchanged, compared to its average volume of 1,175,375. MNTN Inc. has a 1-year low of $7.67 and a 1-year high of $23.25. The stock’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $9.50. The company has a market cap of $770.53 million, a price-to-earnings ratio of 17.15 and a beta of 0.71.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. Evercore set a $22.00 target price on MNTN in a research report on Wednesday, August 5th. Raymond James Financial reissued an “outperform” rating and issued a $15.00 target price on shares of MNTN in a research report on Wednesday, May 6th. Tigress Financial dropped their price target on MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a research note on Thursday. Finally, Wall Street Zen lowered MNTN from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.65.
Read Our Latest Analysis on MNTN
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MNTN. Aster Capital Management DIFC Ltd purchased a new position in MNTN during the 4th quarter worth $43,000. Los Angeles Capital Management LLC acquired a new stake in shares of MNTN during the fourth quarter worth about $53,000. JPMorgan Chase & Co. acquired a new stake in shares of MNTN during the third quarter worth about $86,000. Royal Bank of Canada grew its holdings in shares of MNTN by 2,093.6% during the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock worth $70,000 after buying an additional 5,590 shares during the last quarter. Finally, Bank of America Corp DE increased its position in MNTN by 622,300.0% in the 3rd quarter. Bank of America Corp DE now owns 6,224 shares of the company’s stock valued at $115,000 after acquiring an additional 6,223 shares during the period. 72.90% of the stock is owned by hedge funds and other institutional investors.
MNTN Company Profile
MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.
The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.
Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.
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