Thomas E. Hale Sells 72,253 Shares of SVMK Inc (NASDAQ:SVMK) Stock
SVMK Inc (NASDAQ:SVMK) President Thomas E. Hale sold 72,253 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $19.91, for a total transaction of $1,438,557.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of SVMK stock opened at $19.24 on Friday. The firm has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $16.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. SVMK Inc has a 1-year low of $9.35 and a 1-year high of $22.27. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -32.07 and a beta of 1.44.
SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.14. SVMK had a negative net margin of 24.56% and a negative return on equity of 26.88%. The business had revenue of $88.30 million during the quarter, compared to analysts’ expectations of $85.50 million. During the same period in the previous year, the company earned ($0.02) earnings per share. SVMK’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, research analysts predict that SVMK Inc will post -0.63 earnings per share for the current year.
A number of research firms have issued reports on SVMK. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of SVMK in a research note on Thursday. BidaskClub upgraded shares of SVMK from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Zacks Investment Research upgraded shares of SVMK from a “sell” rating to a “hold” rating in a research note on Thursday, March 12th. ValuEngine upgraded shares of SVMK from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $22.00 target price on shares of SVMK in a research note on Friday, May 8th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. SVMK presently has a consensus rating of “Buy” and a consensus target price of $23.57.
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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