Royce & Associates LP Purchases 169,000 Shares of SVMK Inc. (NASDAQ:SVMK)

Royce & Associates LP raised its position in shares of SVMK Inc. (NASDAQ:SVMK) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,145 shares of the company’s stock after purchasing an additional 169,000 shares during the period. Royce & Associates LP’s holdings in SVMK were worth $31,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its holdings in shares of SVMK by 0.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 91,088 shares of the company’s stock valued at $2,327,000 after purchasing an additional 563 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of SVMK by 5.4% during the 4th quarter. Victory Capital Management Inc. now owns 17,392 shares of the company’s stock worth $444,000 after buying an additional 890 shares in the last quarter. Aperio Group LLC lifted its position in shares of SVMK by 8.8% during the 4th quarter. Aperio Group LLC now owns 11,315 shares of the company’s stock worth $289,000 after buying an additional 914 shares during the last quarter. Spectrum Equity Management Inc. boosted its stake in SVMK by 22.3% in the third quarter. Spectrum Equity Management Inc. now owns 6,230 shares of the company’s stock valued at $138,000 after buying an additional 1,134 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in SVMK by 15.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,101 shares of the company’s stock worth $335,000 after acquiring an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 77.51% of the company’s stock.

In related news, President Thomas E. Hale sold 6,618 shares of the company’s stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $24.00, for a total value of $158,832.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rebecca Cantieri sold 4,293 shares of the firm’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $28.00, for a total transaction of $120,204.00. The disclosure for this sale can be found here. Insiders have sold a total of 580,470 shares of company stock worth $15,131,830 in the last quarter. 18.70% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on SVMK. Zacks Investment Research cut shares of SVMK from a “hold” rating to a “sell” rating in a research report on Thursday, February 11th. Stifel Nicolaus began coverage on shares of SVMK in a report on Wednesday, January 13th. They set a “hold” rating and a $28.00 price target for the company. Needham & Company LLC boosted their price objective on SVMK from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Finally, TheStreet upgraded SVMK from a “d” rating to a “c-” rating in a research report on Thursday, February 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. SVMK has a consensus rating of “Buy” and a consensus target price of $27.13.

Shares of NASDAQ SVMK opened at $20.67 on Tuesday. SVMK Inc. has a 52-week low of $9.35 and a 52-week high of $28.12. The company’s 50 day moving average price is $25.67 and its 200-day moving average price is $23.47. The company has a market capitalization of $2.94 billion, a P/E ratio of -29.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.08 and a current ratio of 1.08.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings data on Thursday, February 11th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. SVMK had a negative return on equity of 29.97% and a negative net margin of 26.35%. Analysts forecast that SVMK Inc. will post -0.69 earnings per share for the current year.

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 research and serve in the United States and internationally. The company's cloud-based SaaS platform helps individuals and organizations to design and distribute surveys approximately 190 countries and territories.

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Institutional Ownership by Quarter for SVMK (NASDAQ:SVMK)

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