SVMK Inc (NASDAQ:SVMK) CAO Dharti Patel Sells 1,673 Shares

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SVMK Inc (NASDAQ:SVMK) CAO Dharti Patel sold 1,673 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $16.97, for a total transaction of $28,390.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, August 22nd, Dharti Patel sold 1,112 shares of SVMK stock. The shares were sold at an average price of $18.00, for a total transaction of $20,016.00.

SVMK traded up $0.10 on Wednesday, reaching $17.11. The company had a trading volume of 703,900 shares, compared to its average volume of 1,406,238. SVMK Inc has a 52-week low of $10.35 and a 52-week high of $19.82. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -11.97 and a beta of 1.72. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $17.30.

SVMK (NASDAQ:SVMK) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The business had revenue of $79.32 million during the quarter, compared to analysts’ expectations of $77.86 million. SVMK had a negative net margin of 26.72% and a negative return on equity of 29.90%. As a group, equities research analysts predict that SVMK Inc will post -0.56 EPS for the current fiscal year.

Several research firms have recently weighed in on SVMK. Craig Hallum began coverage on shares of SVMK in a report on Tuesday, October 15th. They issued a “buy” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. set a $21.00 price objective on SVMK and gave the company a “buy” rating in a research note on Friday, September 27th. Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine upgraded SVMK from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of SVMK in a research note on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. SVMK has an average rating of “Buy” and a consensus target price of $22.40.

Several institutional investors have recently bought and sold shares of SVMK. Marshall Wace LLP purchased a new stake in SVMK in the 1st quarter valued at $248,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of SVMK in the first quarter valued at approximately $189,000. TB Alternative Assets Ltd. purchased a new stake in shares of SVMK during the second quarter valued at approximately $261,000. First Trust Advisors LP purchased a new stake in shares of SVMK during the second quarter valued at approximately $17,532,000. Finally, Saturna Capital CORP increased its position in shares of SVMK by 55.0% during the second quarter. Saturna Capital CORP now owns 21,700 shares of the company’s stock valued at $358,000 after acquiring an additional 7,700 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.

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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