Insider Selling: SVMK Inc (SVMK) President Sells 14,001 Shares of Stock

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SVMK Inc (NASDAQ:SVMK) President Thomas E. Hale sold 14,001 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.79, for a total value of $165,071.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of SVMK stock traded up $0.21 on Wednesday, hitting $13.19. The stock had a trading volume of 1,417,800 shares, compared to its average volume of 1,007,738. SVMK Inc has a twelve month low of $10.05 and a twelve month high of $20.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $1.61 billion and a price-to-earnings ratio of -9.22.

SVMK (NASDAQ:SVMK) last posted its earnings results on Wednesday, February 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.14. The firm had revenue of $67.90 million during the quarter, compared to analyst estimates of $65.88 million. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities research analysts predict that SVMK Inc will post -0.55 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. ValuEngine raised SVMK from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. Zacks Investment Research raised SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Finally, Wells Fargo & Co assumed coverage on SVMK in a research report on Tuesday, November 13th. They issued a “market perform” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.86.

Institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of SVMK in the fourth quarter valued at approximately $58,000. Legal & General Group Plc acquired a new position in shares of SVMK in the third quarter valued at approximately $80,000. Metropolitan Life Insurance Co. NY acquired a new stake in SVMK during the fourth quarter worth approximately $137,000. American International Group Inc. acquired a new stake in SVMK during the fourth quarter worth approximately $143,000. Finally, Hsbc Holdings PLC acquired a new stake in SVMK during the third quarter worth approximately $160,000. 59.41% of the stock is currently owned by institutional investors.

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SVMK Company Profile

SVMK Inc provides survey software products 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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