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SVMK Inc. (NASDAQ: SVMK) Investor Investigation Concerning Potential Violations Of Securities Laws Announced

  • Investors who purchased shares of SVMK Inc. (NASDAQ: SVMK), have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
SVMK Inc.
Security
NASDAQ: SVMK

Summary

An investigation on behalf of investors of SVMK Inc. (NASDAQ: SVMK) shares over potential securities laws violations by SVMK Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SVMK Inc. (NASDAQ: SVMK) concerning whether a series of statements by SVMK Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Mateo, CA based SVMK Inc. is the parent company of SurveyMonkey Inc., that develops online survey software to Fortune 100 companies, other businesses, academic institutions, organizations, and individuals worldwide. SVMK Inc. reported that its annual Total Revenue rose from $207.29 million in 2016 to $218.77 million in 2017 and that its Net Loss declined from $76.35 million in 2016 to $24.01 million in 2017. SVMK Inc. went public on September 26, 2018 and shares reached $20.00 on the first day of trading.

Since then shares of SVMK Inc. (NASDAQ: SVMK) declined to as low as $11.37 per share on October 10, 2018.

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