SVMK Inc (NASDAQ:SVMK) Shares Acquired by A.R.T. Advisors LLC

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A.R.T. Advisors LLC lifted its stake in SVMK Inc (NASDAQ:SVMK) by 361.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,614 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. A.R.T. Advisors LLC owned 0.06% of SVMK worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of SVMK. Parallel Advisors LLC bought a new position in shares of SVMK during the 2nd quarter valued at approximately $36,000. BNP Paribas Arbitrage SA raised its holdings in shares of SVMK by 3,055.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after acquiring an additional 3,666 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of SVMK during the 2nd quarter worth approximately $72,000. Deutsche Bank AG purchased a new stake in shares of SVMK during the 4th quarter worth approximately $72,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of SVMK during the 2nd quarter worth approximately $169,000. 76.65% of the stock is owned by hedge funds and other institutional investors.

SVMK has been the topic of several recent research reports. JPMorgan Chase & Co. set a $21.00 price objective on SVMK and gave the stock a “buy” rating in a report on Friday, September 27th. Zacks Investment Research raised SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded SVMK from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $22.00 price objective on shares of SVMK in a research report on Tuesday, July 30th. Finally, UBS Group raised SVMK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.13.

NASDAQ:SVMK traded down $0.19 on Friday, reaching $17.69. The company’s stock had a trading volume of 638,711 shares, compared to its average volume of 1,242,955. SVMK Inc has a 12-month low of $10.05 and a 12-month high of $19.82. The firm has a market cap of $2.43 billion and a price-to-earnings ratio of -12.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average price of $17.45 and a 200 day moving average price of $17.29.

SVMK (NASDAQ:SVMK) last posted its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $75.14 million during the quarter, compared to the consensus estimate of $72.72 million. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. Equities research analysts expect that SVMK Inc will post -0.61 EPS for the current fiscal year.

In related news, CEO Alexander J. Lurie sold 108,889 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $16.87, for a total value of $1,836,957.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Schoenstein sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $17.04, for a total value of $126,096.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 272,639 shares of company stock valued at $4,711,324. 26.30% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for SVMK (NASDAQ:SVMK)

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