Lyell Wealth Management LP Sells 1,000 Shares of SVMK Inc (NASDAQ:SVMK)

Lyell Wealth Management LP reduced its stake in SVMK Inc (NASDAQ:SVMK) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,959 shares of the company’s stock after selling 1,000 shares during the period. Lyell Wealth Management LP’s holdings in SVMK were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SVMK. BNP Paribas Arbitrage SA grew its position in SVMK by 3,055.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after acquiring an additional 3,666 shares during the last quarter. Deutsche Bank AG bought a new stake in SVMK during the 4th quarter worth approximately $72,000. Metropolitan Life Insurance Co. NY bought a new stake in SVMK during the 4th quarter worth approximately $137,000. MetLife Investment Advisors LLC bought a new stake in SVMK during the 4th quarter worth approximately $187,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in SVMK during the 1st quarter worth approximately $189,000. Institutional investors own 73.65% of the company’s stock.

NASDAQ:SVMK traded up $0.04 during trading hours on Wednesday, hitting $18.01. 33,948 shares of the stock were exchanged, compared to its average volume of 1,505,824. The company’s 50 day moving average is $17.37. SVMK Inc has a twelve month low of $10.05 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $2.39 billion and a P/E ratio of -12.48.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The firm had revenue of $75.14 million for the quarter, compared to the consensus estimate of $72.72 million. During the same quarter in the prior year, the business earned ($0.02) EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, research analysts anticipate that SVMK Inc will post -0.56 earnings per share for the current fiscal year.

SVMK has been the topic of a number of research analyst reports. UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a research report on Friday, August 2nd. Zacks Investment Research downgraded SVMK from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $22.00 price objective on shares of SVMK in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. SVMK currently has a consensus rating of “Buy” and an average target price of $17.88.

In other news, President Thomas E. Hale sold 23,432 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.39, for a total value of $384,050.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Lora D. Blum sold 11,400 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.82, for a total value of $191,748.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,690,448 shares of company stock worth $74,410,421. Company insiders own 26.30% of the company’s stock.

SVMK Profile

SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.

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Institutional Ownership by Quarter for SVMK (NASDAQ:SVMK)

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