Insider Selling: SVMK Inc (NASDAQ:SVMK) CEO Sells 108,889 Shares of Stock

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.

Read More: How to Invest in an Index Fund

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

Receive News & Ratings for SVMK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVMK and related companies with's FREE daily email newsletter.