Insider Selling: SVMK Inc (SVMK) Director Sells 14,100 Shares of Stock
SVMK Inc (NASDAQ:SVMK) Director Benjamin C. Spero sold 14,100 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.12, for a total transaction of $227,292.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ:SVMK traded up $0.40 during trading hours on Wednesday, hitting $16.48. 1,619,900 shares of the company traded hands, compared to its average volume of 1,315,515. The stock has a market cap of $2.09 billion and a P/E ratio of -11.52. SVMK Inc has a twelve month low of $10.05 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31.
SVMK (NASDAQ:SVMK) last released its earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ 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. SVMK’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. As a group, equities research analysts anticipate that SVMK Inc will post -0.59 EPS for the current year.
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. SunTrust Banks upped their price objective on shares of SVMK to $19.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of SVMK from a “hold” rating to a “sell” rating in a report on Wednesday. Stephens started coverage on shares of SVMK in a report on Friday, March 22nd. They set an “overweight” rating and a $20.00 price objective for the company. Finally, ValuEngine cut shares of SVMK from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.38.
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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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