Swiss National Bank raised its holdings in Medallia, Inc. (NYSE:MDLA) by 16.7% during the second quarter, HoldingsChannel reports. The firm owned 215,600 shares of the company’s stock after buying an additional 30,800 shares during the period. Swiss National Bank’s holdings in Medallia were worth $7,277,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in shares of Medallia by 5,268.4% in the first quarter. Meeder Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $28,000 after acquiring an additional 1,001 shares in the last quarter. Endurance Wealth Management Inc. purchased a new stake in shares of Medallia in the first quarter valued at about $28,000. Harbour Investments Inc. purchased a new stake in shares of Medallia in the first quarter valued at about $28,000. Lazard Asset Management LLC purchased a new stake in shares of Medallia in the first quarter valued at about $41,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Medallia by 1,623.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,620 shares of the company’s stock worth $73,000 after buying an additional 2,468 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.
A number of analysts recently commented on the stock. Truist Securities downgraded shares of Medallia from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Monday, August 9th. Stifel Nicolaus downgraded shares of Medallia from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $34.00 in a report on Tuesday, July 27th. Berenberg Bank reissued a “hold” rating and set a $33.59 price objective (up previously from $33.00) on shares of Medallia in a report on Monday, July 26th. Truist Financial downgraded shares of Medallia to a “hold” rating and set a $34.00 price objective on the stock. in a report on Monday, August 9th. Finally, BTIG Research downgraded shares of Medallia from a “buy” rating to a “neutral” rating and set a $33.60 price objective on the stock. in a report on Monday, July 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.75.
Medallia (NYSE:MDLA) last posted its quarterly earnings data on Wednesday, September 1st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $144.10 million during the quarter, compared to analyst estimates of $138.16 million. Medallia had a negative net margin of 37.34% and a negative return on equity of 30.58%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts expect that Medallia, Inc. will post -0.84 earnings per share for the current fiscal year.
In other Medallia news, EVP Elizabeth Carducci sold 4,801 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $30.59, for a total transaction of $146,862.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Leslie Stretch sold 31,585 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $32.13, for a total transaction of $1,014,826.05. Following the sale, the chief executive officer now owns 949,833 shares of the company’s stock, valued at $30,518,134.29. The disclosure for this sale can be found here. Insiders have sold 330,752 shares of company stock valued at $10,744,184 in the last ninety days. 18.60% of the stock is currently owned by company insiders.
Medallia Company Profile
Medallia, Inc engages in the provision of customer experience management software. Its products include surveys, CX profiles, CX journeys, action intelligence, and alerts and reporting. The firm also offers CX professionals, EX professionals, account management, contact centers, location-based operations, and research and insights solutions.
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