SVMK Inc (SVMK) Insider Sells $55,939.07 in Stock

SVMK Inc (NASDAQ:SVMK) insider Rebecca Cantieri sold 3,413 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $16.39, for a total value of $55,939.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rebecca Cantieri also recently made the following trade(s):

  • On Wednesday, February 27th, Rebecca Cantieri sold 3,649 shares of SVMK stock. The stock was sold at an average price of $14.00, for a total value of $51,086.00.
  • On Friday, February 22nd, Rebecca Cantieri sold 7,500 shares of SVMK stock. The stock was sold at an average price of $13.50, for a total value of $101,250.00.

NASDAQ:SVMK opened at $17.03 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 1.27, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $2.22 billion and a PE ratio of -11.91.

SVMK (NASDAQ:SVMK) last posted its earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.13. The business had revenue of $68.64 million for the quarter, compared to analyst estimates of $68.13 million. During the same quarter last year, the business earned ($0.06) earnings per share. SVMK’s revenue was up 17.4% on a year-over-year basis. As a group, analysts expect that SVMK Inc will post -0.59 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of SVMK. BlackRock Inc. acquired a new stake in shares of SVMK during the 3rd quarter valued at about $12,023,000. JPMorgan Chase & Co. acquired a new stake in shares of SVMK during the 3rd quarter valued at about $3,129,000. Man Group plc acquired a new stake in shares of SVMK during the 3rd quarter valued at about $753,000. Morgan Stanley acquired a new stake in shares of SVMK during the 3rd quarter valued at about $12,864,000. Finally, Vanguard Group Inc. acquired a new stake in shares of SVMK during the 3rd quarter valued at about $4,328,000. Hedge funds and other institutional investors own 59.36% of the company’s stock.

SVMK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. SunTrust Banks raised their target price on SVMK to $19.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Stephens initiated coverage on SVMK in a research note on Friday, March 22nd. They issued an “overweight” rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised their target price on SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. Finally, ValuEngine lowered SVMK from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.38.

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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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