Insider Selling: SVMK Inc (NASDAQ:SVMK) CAO Sells $20,016.00 in Stock
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.
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.
See Also: Insider Trading
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