An investigation for investors in SVMK Inc. (NASDAQ: SVMK) shares over potential securities laws violations by SVMK Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/23/2018 -- SVMK Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of SVMK Inc. (NASDAQ: SVMK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain 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 $11.31 per share on October 22, 2018.
Those who purchased shares of SVMK Inc. (NASDAQ: SVMK) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.