Insider Selling: SVMK Inc (NASDAQ:SVMK) Insider Sells $126,096.00 in Stock

SVMK Inc (NASDAQ:SVMK) insider John S. Schoenstein sold 7,400 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.04, for a total value of $126,096.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SVMK opened at $18.41 on Friday. The stock’s fifty day moving average price is $17.60 and its two-hundred day moving average price is $16.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.09 and a current ratio of 1.09. SVMK Inc has a 1 year low of $10.05 and a 1 year high of $20.00.

SVMK (NASDAQ:SVMK) last issued its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million for the quarter, compared to analyst estimates of $72.72 million. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, analysts forecast that SVMK Inc will post -0.56 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new stake in shares of SVMK in the second quarter valued at $36,000. BNP Paribas Arbitrage SA raised its stake in shares of SVMK by 3,055.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after purchasing an additional 3,666 shares during the period. Deutsche Bank AG bought a new stake in shares of SVMK during the 4th quarter valued at $72,000. Quantamental Technologies LLC bought a new stake in shares of SVMK during the 2nd quarter valued at $72,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of SVMK during the 2nd quarter valued at $169,000. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Several analysts have issued reports on the company. SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of SVMK in a research note on Tuesday, July 30th. Zacks Investment Research lowered SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $24.00 in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. SVMK presently has a consensus rating of “Buy” and an average price target of $17.88.

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

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