Momentive Global (MNTV): What Happens Next After the Thoma Bravo Buyout?

Momentive Global, parent of SurveyMonkey, was taken private by Thoma Bravo, taking MNTV off Nasdaq. But the story is not over for US investors watching SaaS, AI data, and private equity deal flow. Here is what you are missing.

Bottom line for your portfolio: Momentive Global Inc, the former Nasdaq-listed parent of SurveyMonkey, is no longer a public stock you can buy under the ticker MNTV after its all-cash acquisition by private equity firm Thoma Bravo closed in 2023. But if you invest in US tech, SaaS, AI data plays, or private equity driven turnarounds, the Momentive story still matters for how Wall Street values similar names and exit opportunities.

If you are wondering why you cannot pull up a live quote for MNTV anymore, or whether there is a second-chance trade coming, the key is to understand what happened with the deal, how it reset valuation expectations for survey and experience management software, and what signals it sends for US-listed comps.

What investors need to know now: the stock is gone, but the pricing, strategic rationale, and execution path behind Thoma Bravo's buyout of Momentive still offer clues for your exposure to cloud software, customer insights platforms, and potential take-private targets.

Analysis: Behind the Price Action

Momentive Global Inc, historically trading on the Nasdaq under the ticker MNTV, built its franchise around SurveyMonkey and a broader experience and insights management platform. As competition intensified and revenue growth decelerated, the company increasingly traded at a discount to high-growth SaaS peers, making it a natural target for financial sponsors.

In late 2022 and early 2023, Thoma Bravo, a US-based private equity firm specializing in software and technology, agreed to acquire Momentive in an all-cash transaction. Public filings and financial media reports confirmed the deal valued Momentive at a premium to its then-trading price, but at a noticeable discount to earlier SaaS market peaks, reflecting a normalized multiple environment after the 2020-2021 bubble.

Once the acquisition closed, MNTV was delisted, removing direct trading access for retail and institutional investors. That is why, if you search for live pricing today, you will generally find historical charts, stale quotes, or delisting notices rather than up-to-the-minute market data.

To frame this in a way that matters for US investors, it helps to map Momentive against its listed peers and deal context:

Metric / Context	Momentive (MNTV)	US Market Angle
Listing status	Formerly Nasdaq-listed, taken private by Thoma Bravo	Reminds investors that mid-cap SaaS names can exit via buyout rather than long-term listing
Business focus	SurveyMonkey, experience management, market research and insights	Comp set includes US-listed survey/experience and marketing SaaS firms
Buyer	Thoma Bravo (US private equity, tech-focused)	Key player in US software LBOs, signaling appetite for similar deals
Investor outcome	Shareholders received cash; no ongoing public equity exposure	Illustrates takeout-return potential but eliminates future upside for public holders
Valuation signal	Take-private multiple below peak SaaS, above trough fear levels	Benchmark for realistic buyout valuations in data and insights SaaS

For US portfolios, the Momentive deal functions as a real-life case study in SaaS lifecycle: public growth story, multiple compression, private equity takeout, and eventual reset away from the daily mark-to-market of public exchanges. If you own companies with similar profiles - mid-cap cloud software, slowing top-line growth, sticky enterprise customers, strong cash conversion - the MNTV trajectory illustrates both risk and opportunity.

Risk: if public markets keep discounting slower-growth SaaS, sponsors like Thoma Bravo, Vista, and Silver Lake may capture most of the upside from operational improvements away from the public eye. Public investors get cashed out at a premium to depressed prices, but not at aspirational long-term valuations.

Opportunity: spotting setups where the risk-reward skews toward an eventual takeout can be lucrative if you buy before formal deal rumors, while being realistic about the ceiling on public valuations in a higher-rate environment.

Why there is little fresh daily news around MNTV

Because Momentive is now privately held, it no longer files 10-Qs and 10-Ks with the SEC in the same cadence and detail as a listed company, nor does it issue quarterly earnings and guidance in the classic Wall Street format. This means:

• You will not see MNTV among Nasdaq or S&P 500 movers, simply because it is not trading.
• Daily financial media coverage has shifted from price action to strategic updates, product launches, or private equity portfolio commentary.
• Data vendors and retail brokerages typically mark MNTV as delisted or acquired, with historical quotes only.

From a Discover and real-time-investing perspective, that can be confusing if you remember trading the stock. Instead of treating MNTV as a live ticker, you need to treat Momentive as a privately backed strategic asset in the broader US software ecosystem.

How the Momentive deal informs US SaaS valuations

For investors active in cloud and analytics stocks, the Thoma Bravo buyout of Momentive still has read-throughs. While exact deal metrics are subject to historical filings and market conditions at signing, the direction was clear: public markets were unwilling to pay premium SaaS multiples for a business with moderate growth and competitive pressure, while private equity saw room to optimize operations and pricing outside the public lens.

As of now, the US software space includes several public names that rhyme with the Momentive profile: single-digit to low-teens revenue growth, strong brand recognition in a defined niche, and a need to scale up cross-sell or move into higher-value enterprise contracts. The Momentive precedent suggests that:

• Strategic buyers and sponsors may target such companies when valuations compress.
• Investors should track free cash flow and retention metrics more than pure revenue growth.
• AI and advanced analytics capabilities can be a key lever to justify higher deal multiples.

For US investors, that shapes expectations not only around potential exit prices but also around how macro conditions - especially interest rates and credit markets - can flip the balance of power between public equity holders and financial sponsors.

What the Pros Say (Price Targets)

Because Momentive Global Inc is no longer listed as MNTV, the traditional ecosystem of fresh analyst ratings, target price revisions, and consensus EPS forecasts has largely faded from public view. Sell-side analysts typically drop active coverage once a company is acquired and delisted, since there is no longer a trading price to target or liquidity for clients to act on.

Historically, as the Thoma Bravo deal moved toward closing, major US brokerages and research shops shifted their MNTV recommendations to neutral or "no rating" with target prices anchored at or very close to the agreed cash consideration. After the deal completed, active recommendations were effectively retired.

For you as a US investor, that means there is no current, actionable analyst target price for MNTV in the conventional sense. Any apparent target you see today on third-party sites is almost certainly archival, tied to the old public listing, and not a live view on upside or downside. The professional perspective now lives in private equity investment memos and internal dashboards at Thoma Bravo, not on Wall Street research portals.

How to use the Momentive playbook in your own stock picking

Even without a quoted MNTV stock price, the Momentive case can sharpen your process for US software and data-analytics names still trading on the Nasdaq or NYSE. Consider building a simple checklist inspired by the MNTV journey:

• Valuation reset: Has the stock already derated significantly from its peak multiple, similar to MNTV before the deal?
• Stickiness of demand: Are customers locked in via workflows, data integrations, and network effects, as survey and experience platforms often are?
• Cash generation: Does the business throw off cash that a sponsor could lever and optimize?
• Competitive pressure: Is there enough defensibility to make a multi-year private turnaround feasible?
• Strategic optionality: Could the company be interesting to both financial sponsors and larger strategics?

If the answer to several of these questions is yes, you may be looking at a stock that, like Momentive, could eventually exit the public markets via M&A rather than grind higher as a standalone listing. For US investors in diversified portfolios, that argues for blending pure long-term compounders with potential special-situations or takeout candidates, all while being realistic about risk.

Where to follow the evolving Momentive story

Although the ticker is gone, you can still track Momentive's strategic moves, new products, and partnerships through its corporate channels and private equity communications. Product and platform evolution is particularly important if you invest in competing or adjacent public names, since those moves can pressure pricing or expand the category.

SurveyMonkey and related solutions continue to operate in a highly competitive US landscape that includes in-house survey tools from major cloud providers, specialized market research firms, and AI-native feedback platforms. Watching how Momentive positions itself post-buyout is a live case study in how private-equity-owned software companies seek to unlock value via product focus and go-to-market refinement.

For now, the most practical way for US investors to act on the Momentive narrative is indirect: using it to sharpen your valuation discipline in public SaaS, to gauge the ongoing appetite of private equity buyers, and to calibrate your expectations when a mid-cap tech name trades at a persistent discount. MNTV as a ticker may be gone, but as a template for how public software stories can end, it is very much alive.