SVMK Inc (NASDAQ:SVMK) CEO Alexander J. Lurie sold 108,889 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $16.87, for a total value of $1,836,957.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ SVMK opened at $17.02 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average is $16.60. SVMK Inc has a 1-year low of $10.05 and a 1-year high of $20.00. The firm has a market capitalization of $2.21 billion and a P/E ratio of -11.90.
SVMK (NASDAQ:SVMK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.13. The company had revenue of $68.64 million for the quarter, compared to analyst estimates of $68.13 million. During the same period in the prior year, the business earned ($0.06) earnings per share. SVMK’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, research analysts expect that SVMK Inc will post -0.58 EPS for the current year.
Several equities research analysts have recently weighed in on SVMK shares. SunTrust Banks downgraded Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a report on Monday, June 10th. Zacks Investment Research downgraded Yatra Online from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. Finally, JPMorgan Chase & Co. decreased their price target on 3M from $158.00 to $154.00 and set an “underweight” rating for the company in a report on Friday, March 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. SVMK currently has an average rating of “Buy” and an average target price of $16.75.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Pennsylvania Trust Co purchased a new position in SVMK in the first quarter worth $433,000. Geode Capital Management LLC raised its position in SVMK by 240.9% in the fourth quarter. Geode Capital Management LLC now owns 249,165 shares of the company’s stock worth $3,057,000 after acquiring an additional 176,065 shares in the last quarter. Northern Trust Corp raised its position in SVMK by 354.9% in the fourth quarter. Northern Trust Corp now owns 247,733 shares of the company’s stock worth $3,040,000 after acquiring an additional 193,279 shares in the last quarter. Stephens Inc. AR purchased a new position in SVMK in the first quarter worth $835,000. Finally, MetLife Investment Advisors LLC purchased a new position in SVMK in the fourth quarter worth $187,000. 72.02% of the stock is owned by hedge funds and other institutional investors.
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.
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