Parallel Advisors LLC Has $68,000 Stock Position in SVMK Inc (NASDAQ:SVMK)

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.

Several brokerages have commented on SVMK. UBS Group raised shares of SVMK from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $24.00 in a research report on Friday, August 2nd. Zacks Investment Research raised shares of SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. set a $21.00 price target on shares of SVMK and gave the stock a “buy” rating in a research report on Friday, September 27th. Craig Hallum began coverage on shares of SVMK in a research report on Tuesday, October 15th. They set a “buy” rating and a $25.00 price target on the stock. Finally, SunTrust Banks reissued a “buy” rating and set a $22.00 price target on shares of SVMK in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.83.

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 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.

Further Reading: Understanding the two types of arbitrage

Want to see what other hedge funds are holding SVMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVMK Inc (NASDAQ:SVMK).

Institutional Ownership by Quarter for SVMK (NASDAQ:SVMK)

Receive News & Ratings for SVMK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVMK and related companies with MarketBeat.com's FREE daily email newsletter.