SVMK Inc (NASDAQ:SVMK) insider Dharti Patel sold 1,472 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $16.84, for a total value of $24,788.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, March 29th, Dharti Patel sold 984 shares of SVMK stock. The stock was sold at an average price of $18.00, for a total value of $17,712.00.

Shares of NASDAQ SVMK opened at $17.10 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2.22 billion and a PE ratio of -11.96. SVMK Inc has a 52 week low of $10.05 and a 52 week high of $20.00.

SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.13. The company had revenue of $68.64 million for the quarter, compared to analyst estimates of $68.13 million. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) EPS. Research analysts expect that SVMK Inc will post -0.59 earnings per share for the current year.

A number of research firms have recently weighed in on SVMK. JPMorgan Chase & Co. raised their price target on SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. SunTrust Banks raised their price target on SVMK to $19.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Zacks Investment Research raised SVMK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Stephens began coverage on SVMK in a research note on Friday, March 22nd. They set an “overweight” rating and a $20.00 price target for the company. Finally, ValuEngine downgraded SVMK from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.38.

Hedge funds and other institutional investors have recently modified their holdings of the company. Spectrum Equity Management Inc. acquired a new position in shares of SVMK during the 4th quarter valued at about $106,755,000. Vanguard Group Inc acquired a new position in shares of SVMK during the 3rd quarter valued at about $4,328,000. Emerald Advisers LLC increased its holdings in shares of SVMK by 691.0% during the 4th quarter. Emerald Advisers LLC now owns 669,586 shares of the company’s stock valued at $8,216,000 after acquiring an additional 584,935 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of SVMK during the 3rd quarter valued at about $4,328,000. Finally, BlackRock Inc. acquired a new position in shares of SVMK during the 3rd quarter valued at about $12,023,000. 70.88% of the stock is currently owned by institutional investors and hedge funds.

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About 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.

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