SVMK Inc (NASDAQ:SVMK)’s share price gapped down before the market opened on Wednesday following insider selling activity. The stock had previously closed at $21.47, but opened at $21.32. SVMK shares last traded at $20.80, with a volume of 48,830 shares traded.
Specifically, President Thomas E. Hale sold 6,766 shares of SVMK stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $18.00, for a total value of $121,788.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John S. Schoenstein sold 11,482 shares of SVMK stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.04, for a total value of $253,063.28. The disclosure for this sale can be found here. In the last three months, insiders sold 451,039 shares of company stock worth $9,191,207. Corporate insiders own 26.30% of the company’s stock.
A number of analysts recently weighed in on the company. Wells Fargo & Co lifted their price target on SVMK from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Zacks Investment Research downgraded SVMK from a “hold” rating to a “sell” rating in a research note on Thursday. SunTrust Banks restated a “buy” rating and issued a $24.00 price target on shares of SVMK in a research note on Thursday, February 13th. Finally, ValuEngine downgraded SVMK from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.50.
The company has a debt-to-equity ratio of 1.01, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $2.79 billion, a PE ratio of -37.04 and a beta of 1.60. The stock has a 50 day moving average of $19.09 and a two-hundred day moving average of $17.97.
SVMK (NASDAQ:SVMK) last posted its earnings results on Thursday, February 13th. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. The company had revenue of $84.32 million for the quarter, compared to the consensus estimate of $83.83 million. SVMK had a negative return on equity of 26.99% and a negative net margin of 24.02%. As a group, research analysts predict that SVMK Inc will post -0.56 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of SVMK. Marshall Wace LLP purchased a new stake in SVMK during the first quarter worth $248,000. Amundi Pioneer Asset Management Inc. purchased a new stake in SVMK during the first quarter worth $189,000. Calamos Advisors LLC purchased a new stake in SVMK during the third quarter worth $2,922,000. CWM LLC boosted its position in SVMK by 23.3% during the third quarter. CWM LLC now owns 330,118 shares of the company’s stock worth $5,645,000 after purchasing an additional 62,358 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in SVMK by 0.9% during the third quarter. Rhumbline Advisers now owns 106,076 shares of the company’s stock worth $1,814,000 after purchasing an additional 897 shares in the last quarter. Institutional investors own 75.63% of the company’s stock.
SVMK Company Profile (NASDAQ:SVMK)
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.
