Medallia (NASDAQ:MDLA) Shares Gap Up After Insider Buying Activity

Medallia (NASDAQ:MDLA)’s share price gapped up prior to trading on Monday after an insider bought additional shares in the company. The stock had previously closed at $32.16, but opened at $30.08. Medallia shares last traded at $31.15, with a volume of 518,857 shares changing hands.

Specifically, Director Borge Hald sold 1,765,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $19.53, for a total value of $34,470,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas M. Leone acquired 399,265 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $28.12 per share, with a total value of $11,227,331.80.

Several brokerages have issued reports on MDLA. Craig Hallum reissued a “buy” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Medallia in a research note on Friday, September 6th. CIBC began coverage on shares of Medallia in a research note on Tuesday, August 13th. They issued an “outperform” rating and a $55.00 price objective for the company. Needham & Company LLC began coverage on shares of Medallia in a research note on Tuesday, August 13th. They set a “buy” rating and a $45.00 price target for the company. William Blair began coverage on shares of Medallia in a research note on Tuesday, August 13th. They set an “outperform” rating for the company. Finally, Stephens began coverage on shares of Medallia in a research note on Monday, July 29th. They set an “overweight” rating and a $52.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Medallia presently has an average rating of “Buy” and an average target price of $47.62.



The firm’s 50 day moving average is $37.46.

Medallia (NASDAQ:MDLA) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.09. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $91.32 million. The firm’s revenue was up 26.9% compared to the same quarter last year.

Medallia Company Profile (NASDAQ:MDLA)

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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