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

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SVMK Inc (NASDAQ:SVMK) insider Rebecca Cantieri sold 3,413 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available through this link.

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

  • On Wednesday, February 27th, Rebecca Cantieri sold 3,649 shares of SVMK stock. The shares were 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 shares were sold at an average price of $13.50, for a total value of $101,250.00.

Shares of SVMK stock traded up $0.33 during trading hours on Friday, reaching $17.03. The company had a trading volume of 745,690 shares, compared to its average volume of 1,042,642. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $2.17 billion and a PE ratio of -11.91. SVMK Inc has a 12-month low of $10.05 and a 12-month high of $20.00.

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

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

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its position 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 acquiring an additional 692 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 1,604 shares during the period. BNP Paribas Arbitrage SA grew its position 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 acquiring an additional 3,666 shares during the period. Strs Ohio purchased a new position in SVMK in the fourth quarter worth approximately $58,000. Finally, Pennsylvania Trust Co purchased a new position in SVMK in the first quarter worth approximately $433,000. Institutional investors own 59.36% of the company’s stock.

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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.

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