SVMK Inc (NASDAQ:SVMK) CAO Dharti Patel sold 1,112 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $18.00, for a total value of $20,016.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dharti Patel also recently made the following trade(s):

  • On Friday, July 26th, Dharti Patel sold 1,118 shares of SVMK stock. The shares were sold at an average price of $18.00, for a total value of $20,124.00.
  • On Friday, August 16th, Dharti Patel sold 1,720 shares of SVMK stock. The shares were sold at an average price of $17.30, for a total value of $29,756.00.
  • On Monday, August 19th, Dharti Patel sold 1,114 shares of SVMK stock. The shares were sold at an average price of $17.05, for a total value of $18,993.70.

Shares of NASDAQ:SVMK traded down $0.11 during trading on Friday, hitting $16.73. The stock had a trading volume of 852,220 shares, compared to its average volume of 1,257,167. SVMK Inc has a 12-month low of $10.05 and a 12-month high of $20.00. The stock has a market capitalization of $2.24 billion and a price-to-earnings ratio of -11.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. The stock has a 50-day simple moving average of $17.76 and a two-hundred day simple moving average of $16.79.

SVMK (NASDAQ:SVMK) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The firm had revenue of $75.14 million during the quarter, compared to analysts’ expectations of $72.72 million. During the same period last year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that SVMK Inc will post -0.59 earnings per share for the current year.

A number of equities analysts have recently issued reports on SVMK shares. UBS Group raised SVMK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a research report on Friday, August 2nd. Zacks Investment Research cut SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $22.00 price target on shares of SVMK in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.88.

Institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR acquired a new stake in SVMK during the first quarter worth about $835,000. B. Riley Wealth Management Inc. acquired a new stake in SVMK during the first quarter worth about $2,092,000. Emerald Advisers LLC grew its holdings in SVMK by 84.1% during the second quarter. Emerald Advisers LLC now owns 1,007,838 shares of the company’s stock worth $16,639,000 after acquiring an additional 460,430 shares during the period. CWM LLC acquired a new stake in SVMK during the second quarter worth about $4,421,000. Finally, TB Alternative Assets Ltd. acquired a new stake in SVMK during the second quarter worth about $261,000. 73.62% of the stock is currently 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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