Insider Selling: SVMK Inc (NASDAQ:SVMK) CAO Sells $18,993.70 in Stock

SVMK Inc (NASDAQ:SVMK) CAO Dharti Patel sold 1,114 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.05, for a total value of $18,993.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dharti Patel also recently made the following trade(s):

  • On Friday, July 26th, Dharti Patel sold 1,118 shares of SVMK stock. The shares were sold at an average price of $18.00, for a total value of $20,124.00.
  • On Friday, August 16th, Dharti Patel sold 1,720 shares of SVMK stock. The shares were sold at an average price of $17.30, for a total value of $29,756.00.
  • On Thursday, August 22nd, Dharti Patel sold 1,112 shares of SVMK stock. The shares were sold at an average price of $18.00, for a total value of $20,016.00.

Shares of SVMK stock traded down $0.11 during trading on Friday, reaching $16.73. 852,220 shares of the stock traded hands, compared to its average volume of 1,257,167. The company has a market capitalization of $2.24 billion and a price-to-earnings ratio of -11.70. The business has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $16.79. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. SVMK Inc has a 52-week low of $10.05 and a 52-week high of $20.00.

SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million during the quarter, compared to analyst estimates of $72.72 million. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. On average, research analysts predict that SVMK Inc will post -0.59 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on SVMK shares. SunTrust Banks restated a “buy” rating and set a $22.00 price objective on shares of SVMK in a research report on Tuesday, July 30th. UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $24.00 in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered SVMK from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. 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 company. SVMK currently has an average rating of “Buy” and a consensus target price of $17.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in SVMK by 3.3% in the first quarter. Rhumbline Advisers now owns 21,722 shares of the company’s stock worth $396,000 after acquiring an additional 692 shares in the last quarter. Parallel Advisors LLC purchased a new position in SVMK in the second quarter worth about $36,000. BNP Paribas Arbitrage SA grew its position in SVMK by 3,055.0% in the first 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 in the last quarter. Quantamental Technologies LLC purchased a new position in SVMK in the second quarter worth about $72,000. Finally, Parametric Portfolio Associates LLC grew its position in SVMK by 6.1% in the second quarter. Parametric Portfolio Associates LLC now owns 95,210 shares of the company’s stock worth $1,572,000 after acquiring an additional 5,492 shares in the last quarter. Institutional investors own 73.62% of the company’s stock.

About SVMK

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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Insider Buying and Selling by Quarter for SVMK (NASDAQ:SVMK)

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