SVMK Inc (SVMK) President Sells $384,050.48 in Stock

SVMK Inc (NASDAQ:SVMK) President Thomas E. Hale sold 23,432 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $16.39, for a total transaction of $384,050.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

SVMK stock opened at $17.03 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.27. SVMK Inc has a 1-year low of $10.05 and a 1-year high of $20.00.

SVMK (NASDAQ:SVMK) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.13. The company had revenue of $68.64 million during the quarter, compared to the consensus estimate of $68.13 million. During the same period in the previous year, the company earned ($0.06) earnings per share. SVMK’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, equities research analysts forecast that SVMK Inc will post -0.59 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in SVMK by 3.3% in the first quarter. Rhumbline Advisers now owns 21,722 shares of the company’s stock worth $396,000 after buying an additional 692 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SVMK by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 90,950 shares of the company’s stock worth $1,657,000 after buying an additional 1,604 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in SVMK by 3,055.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after buying an additional 3,666 shares in the last quarter. Strs Ohio bought a new position in SVMK in the fourth quarter worth about $58,000. Finally, Pennsylvania Trust Co bought a new position in SVMK in the first quarter worth about $433,000. 59.36% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of SVMK from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine lowered shares of SVMK from a “buy” rating to a “hold” rating in a report on Monday, February 4th. JPMorgan Chase & Co. increased their target price on shares of SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. SunTrust Banks increased their target price on shares of SVMK to $19.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Finally, Stephens assumed coverage on shares of SVMK in a report on Friday, March 22nd. They set an “overweight” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.38.

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SVMK Company 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.

Read More: What is Cost of Goods Sold (COGS)?

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

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