Swiss National Bank acquired a new stake in SVMK Inc (NASDAQ:SVMK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,200 shares of the company’s stock, valued at approximately $779,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SVMK. BNP Paribas Arbitrage SA lifted its stake in shares of SVMK by 3,055.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after purchasing an additional 3,666 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of SVMK in the 4th quarter valued at about $72,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of SVMK in the 1st quarter valued at about $189,000. Bank of Montreal Can acquired a new position in SVMK during the 1st quarter worth approximately $223,000. Finally, Bank of America Corp DE lifted its position in SVMK by 841.6% during the 4th quarter. Bank of America Corp DE now owns 20,159 shares of the company’s stock worth $248,000 after acquiring an additional 18,018 shares in the last quarter. 76.68% of the stock is currently owned by institutional investors and hedge funds.
SVMK stock traded down $0.08 during midday trading on Friday, hitting $17.62. 14,601 shares of the company were exchanged, compared to its average volume of 1,212,482. The company’s fifty day moving average price is $17.74 and its 200-day moving average price is $16.89. The company has a market cap of $2.36 billion and a PE ratio of -12.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. SVMK Inc has a fifty-two week low of $10.05 and a fifty-two week high of $20.00.
SVMK (NASDAQ:SVMK) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million for the quarter, compared to analyst estimates of $72.72 million. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. SVMK’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. On average, analysts expect that SVMK Inc will post -0.59 EPS for the current fiscal year.
In other SVMK news, CEO Alexander J. Lurie sold 108,889 shares of SVMK stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $16.87, for a total transaction of $1,836,957.43. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Tiger Global Management Llc sold 4,500,000 shares of SVMK stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $15.82, for a total value of $71,190,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,772,639 shares of company stock worth $75,901,324 over the last 90 days. 26.30% of the stock is owned by company insiders.
SVMK has been the topic of several recent research reports. Zacks Investment Research lowered SVMK from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. UBS Group raised SVMK from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $24.00 in a research report on Friday, August 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $22.00 price target on shares of SVMK in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. SVMK presently has an average rating of “Buy” and a consensus price target of $17.88.
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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