Leslie Stretch Sells 90,000 Shares of Medallia (NYSE:MDLA) Stock

Medallia (NYSE:MDLA) CEO Leslie Stretch sold 90,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $31.50, for a total value of $2,835,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,358,828 shares in the company, valued at $74,303,082. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Leslie Stretch also recently made the following trade(s):

  • On Tuesday, January 21st, Leslie Stretch sold 122,605 shares of Medallia stock. The stock was sold at an average price of $31.41, for a total value of $3,851,023.05.

NYSE:MDLA opened at $31.10 on Wednesday. Medallia has a 1 year low of $23.76 and a 1 year high of $44.72. The stock has a fifty day simple moving average of $31.17.

Medallia (NYSE:MDLA) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.17. The business had revenue of $103.07 million during the quarter, compared to the consensus estimate of $96.22 million. Medallia’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, research analysts expect that Medallia will post -1.32 EPS for the current year.

MDLA has been the topic of several analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $55.00 target price on shares of Medallia in a research report on Friday, December 6th. Credit Suisse Group dropped their target price on Medallia from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Zacks Investment Research lowered Medallia from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Medallia in a research report on Monday, December 9th. Finally, Robert W. Baird initiated coverage on Medallia in a research report on Thursday, January 16th. They issued an “outperform” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.00.

Large investors have recently added to or reduced their stakes in the company. Zimmer Partners LP bought a new position in shares of Medallia in the third quarter worth $3,401,000. Man Group plc acquired a new position in shares of Medallia in the third quarter valued at approximately $428,000. Tygh Capital Management Inc. acquired a new position in shares of Medallia in the third quarter valued at approximately $2,035,000. Millennium Management LLC acquired a new stake in Medallia during the third quarter worth approximately $709,000. Finally, State Street Corp acquired a new stake in Medallia during the third quarter worth approximately $4,062,000. 59.96% of the stock is owned by institutional investors.

About Medallia

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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