Insider Selling: SVMK Inc (NASDAQ:SVMK) Insider Sells 984 Shares of Stock

SVMK Inc (NASDAQ:SVMK) insider Dharti Patel sold 984 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $18.00, for a total transaction of $17,712.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, February 19th, Dharti Patel sold 1,758 shares of SVMK stock. The shares were sold at an average price of $11.79, for a total transaction of $20,726.82.

Shares of NASDAQ:SVMK opened at $17.48 on Friday. SVMK Inc has a 52 week low of $10.05 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.25 and a quick ratio of 1.25.

SVMK (NASDAQ:SVMK) last released its quarterly earnings data on Wednesday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. The firm had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $65.88 million. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts anticipate that SVMK Inc will post -0.55 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of SVMK in the fourth quarter valued at about $58,000. Deutsche Bank AG purchased a new position in shares of SVMK in the fourth quarter valued at about $72,000. Legal & General Group Plc purchased a new position in shares of SVMK in the third quarter valued at about $80,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of SVMK in the fourth quarter valued at about $137,000. Finally, American International Group Inc. purchased a new position in shares of SVMK in the fourth quarter valued at about $143,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

SVMK has been the topic of several research reports. Zacks Investment Research cut shares of SVMK from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. ValuEngine cut shares of SVMK from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Stephens began coverage on shares of SVMK in a research report on Friday, March 22nd. They issued an “overweight” rating and a $20.00 target price on the stock. SunTrust Banks lifted 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. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.38.

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SVMK Company Profile

SVMK Inc provides survey software products 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: Quiet Period

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

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