Insider Selling: SVMK Inc (NASDAQ:SVMK) CEO Sells 16,660 Shares of Stock

SVMK Inc (NASDAQ:SVMK) CEO Alexander J. Lurie sold 16,660 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $17.30, for a total transaction of $288,218.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of SVMK stock opened at $17.40 on Friday. The company has a fifty day simple moving average of $17.47 and a 200-day simple moving average of $16.42. SVMK Inc has a 12-month low of $10.05 and a 12-month high of $20.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.37 billion and a price-to-earnings ratio of -12.17.

SVMK (NASDAQ:SVMK) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million during the quarter, compared to analysts’ expectations of $72.72 million. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. SVMK’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, analysts forecast that SVMK Inc will post -0.56 earnings per share for the current fiscal year.



Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of SVMK from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of SVMK in a report on Tuesday, July 30th. Finally, UBS Group upgraded shares of SVMK from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $24.00 in a report on Friday, August 2nd. One 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’s stock. SVMK currently has an average rating of “Buy” and a consensus target price of $17.88.

A number of large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in SVMK by 341.2% during the 1st quarter. FMR LLC now owns 14,186,773 shares of the company’s stock worth $258,342,000 after purchasing an additional 10,971,548 shares during the period. Vanguard Group Inc. boosted its stake in SVMK by 297.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,801,698 shares of the company’s stock worth $112,295,000 after purchasing an additional 5,090,392 shares during the period. BlackRock Inc. boosted its stake in SVMK by 168.8% during the 2nd quarter. BlackRock Inc. now owns 6,252,007 shares of the company’s stock worth $103,220,000 after purchasing an additional 3,925,894 shares during the period. Miura Global Management LLC boosted its stake in SVMK by 400.0% during the 1st quarter. Miura Global Management LLC now owns 3,500,000 shares of the company’s stock worth $63,735,000 after purchasing an additional 2,800,000 shares during the period. Finally, Legion Partners Asset Management LLC acquired a new stake in SVMK during the 2nd quarter worth $31,477,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.

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

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