SVMK Inc. (NASDAQ:SVMK) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in shares of SVMK Inc. (NASDAQ:SVMK) by 0.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,353,526 shares of the company’s stock after buying an additional 10,217 shares during the period. Nuveen Asset Management LLC’s holdings in SVMK were worth $24,797,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its holdings in SVMK by 4.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 126,860 shares of the company’s stock valued at $2,324,000 after buying an additional 5,700 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of SVMK during the 1st quarter worth $4,759,000. Quantbot Technologies LP lifted its stake in shares of SVMK by 285.0% during the 1st quarter. Quantbot Technologies LP now owns 37,186 shares of the company’s stock worth $681,000 after purchasing an additional 27,528 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of SVMK by 109.2% during the 1st quarter. Russell Investments Group Ltd. now owns 52,352 shares of the company’s stock worth $958,000 after purchasing an additional 27,323 shares during the period. Finally, Kornitzer Capital Management Inc. KS lifted its stake in shares of SVMK by 42.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 999,315 shares of the company’s stock worth $18,307,000 after purchasing an additional 299,050 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Shares of SVMK opened at $21.36 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -30.96 and a beta of 1.28. The business has a fifty day moving average price of $20.47. SVMK Inc. has a twelve month low of $16.35 and a twelve month high of $28.12.

SVMK (NASDAQ:SVMK) last issued its earnings results on Thursday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The firm had revenue of $102.30 million during the quarter, compared to analysts’ expectations of $100.89 million. SVMK had a negative return on equity of 28.80% and a negative net margin of 24.89%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. On average, equities research analysts forecast that SVMK Inc. will post -0.64 EPS for the current year.

In related news, insider John S. Schoenstein sold 6,424 shares of the stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $18.22, for a total value of $117,045.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rebecca Cantieri sold 6,179 shares of the stock in a transaction on Thursday, June 17th. The stock was sold at an average price of $22.04, for a total value of $136,185.16. The disclosure for this sale can be found here. Insiders sold a total of 94,246 shares of company stock worth $1,884,282 over the last ninety days. Corporate insiders own 18.70% of the company’s stock.

Separately, Needham & Company LLC reduced their price target on SVMK from $29.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.33.

SVMK Profile

SVMK Inc provides software solutions that help companies turn stakeholder feedback into action in the United States and internationally. It offers survey software products that enable customers to measure, benchmark, and act on stakeholder feedback; GetFeedback CX platform, which enables companies to engage and retain their customers based on the ability to continuously listen and act on digital feedback; GetFeedback Digital provides continuous and in-the-moment customer feedback from a company's website, web apps, and mobile apps; GetFeedback Direct that enables survey deployment to company's customers through email and SMS; and GetFeedback Complete, an end-to-end customer experience solution that combines GetFeedback Digital and GetFeedback Direct.

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Institutional Ownership by Quarter for SVMK (NASDAQ:SVMK)

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