Charles Schwab Investment Management Inc. grew its holdings in Medallia, Inc. (NYSE:MDLA) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,051 shares of the company’s stock after buying an additional 34,064 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Medallia were worth $19,137,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of MDLA. Victory Capital Management Inc. lifted its holdings in shares of Medallia by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 13,910 shares of the company’s stock valued at $381,000 after buying an additional 2,525 shares during the period. State Street Corp lifted its holdings in shares of Medallia by 8.9% in the 3rd quarter. State Street Corp now owns 1,023,056 shares of the company’s stock valued at $28,052,000 after buying an additional 83,288 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Medallia by 36.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 106,953 shares of the company’s stock valued at $2,933,000 after buying an additional 28,621 shares during the period. Truist Financial Corp lifted its holdings in shares of Medallia by 66.4% in the 3rd quarter. Truist Financial Corp now owns 20,325 shares of the company’s stock valued at $557,000 after buying an additional 8,109 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Medallia in the 3rd quarter valued at approximately $656,000. 91.81% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Citigroup raised Medallia from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $64.00 in a report on Tuesday, February 23rd. Zacks Investment Research raised Medallia from a “sell” rating to a “hold” rating in a report on Thursday, February 4th. BTIG Research lifted their price objective on Medallia from $37.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 price objective on shares of Medallia in a report on Monday, March 29th. Finally, Bank of America assumed coverage on Medallia in a report on Tuesday, January 19th. They set a “buy” rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Medallia currently has a consensus rating of “Buy” and a consensus price target of $40.25.
NYSE MDLA opened at $28.87 on Thursday. Medallia, Inc. has a fifty-two week low of $18.37 and a fifty-two week high of $48.28. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of -30.07 and a beta of 1.78. The business has a fifty day moving average of $33.56 and a 200-day moving average of $33.99. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.87.
Medallia (NYSE:MDLA) last released its quarterly earnings results on Thursday, March 4th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Medallia had a negative return on equity of 24.84% and a negative net margin of 28.69%. The company had revenue of $128.05 million during the quarter, compared to analysts’ expectations of $124.59 million. Medallia’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, analysts anticipate that Medallia, Inc. will post -0.62 EPS for the current year.
In other news, CRO Elizabeth Carducci sold 1,994 shares of Medallia stock in a transaction on Friday, January 15th. The stock was sold at an average price of $39.33, for a total value of $78,424.02. Following the completion of the sale, the executive now owns 796,080 shares of the company’s stock, valued at $31,309,826.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Leslie Stretch sold 31,246 shares of Medallia stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $28.88, for a total value of $902,384.48. Following the completion of the sale, the chief executive officer now directly owns 1,130,286 shares of the company’s stock, valued at approximately $32,642,659.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,940,726 shares of company stock valued at $77,837,183.
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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