SVMK Inc (NASDAQ:SVMK) CEO Alexander J. Lurie sold 16,489 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.39, for a total transaction of $270,254.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
SVMK stock traded up $0.33 on Friday, hitting $17.03. The company’s stock had a trading volume of 745,600 shares, compared to its average volume of 1,307,297. The firm has a market capitalization of $2.14 billion and a PE ratio of -11.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31. SVMK Inc has a one year low of $10.05 and a one year high of $20.00.
SVMK (NASDAQ:SVMK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.13. The business had revenue of $68.64 million during the quarter, compared to the consensus estimate of $68.13 million. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. Analysts predict that SVMK Inc will post -0.59 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of SVMK in the 4th quarter worth about $58,000. BNP Paribas Arbitrage SA grew its holdings in shares of SVMK by 3,055.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after purchasing an additional 3,666 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of SVMK in the 4th quarter worth about $72,000. Legal & General Group Plc bought a new stake in shares of SVMK in the 3rd quarter worth about $80,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of SVMK in the 4th quarter worth about $137,000. 59.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on SVMK. Zacks Investment Research lowered shares of SVMK from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. SunTrust Banks boosted their target price on shares of SVMK to $19.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Stephens began coverage on shares of SVMK in a research report on Friday, March 22nd. They set an “overweight” rating and a $20.00 target price on the stock. Finally, ValuEngine lowered shares of SVMK from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.38.
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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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