Parallel Advisors LLC grew its position in SVMK Inc (NASDAQ:SVMK) by 81.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,989 shares of the company’s stock after acquiring an additional 1,796 shares during the period. Parallel Advisors LLC’s holdings in SVMK were worth $68,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in SVMK during the 2nd quarter worth about $72,000. State Board of Administration of Florida Retirement System bought a new stake in SVMK during the 2nd quarter worth about $169,000. Signition LP bought a new stake in SVMK during the 2nd quarter worth about $173,000. Amundi Pioneer Asset Management Inc. bought a new stake in SVMK during the 1st quarter worth about $189,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in SVMK during the 2nd quarter worth about $197,000. 74.31% of the stock is owned by institutional investors.
Shares of SVMK stock traded up $0.15 on Wednesday, reaching $16.37. The stock had a trading volume of 13,663 shares, compared to its average volume of 1,421,124. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average is $17.65 and its two-hundred day moving average is $17.33. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -11.41 and a beta of 1.72. SVMK Inc has a 12 month low of $10.35 and a 12 month high of $19.82.
In other news, insider John S. Schoenstein sold 4,058 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.30, for a total value of $70,203.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas E. Hale sold 25,794 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.30, for a total transaction of $446,236.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,051 shares of company stock worth $2,427,400. 26.30% of the stock is owned by insiders.
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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