Medallia (NYSE:MDLA) Director Sells $840,025.34 in Stock

Medallia (NYSE:MDLA) Director Borge Hald sold 27,797 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $30.22, for a total transaction of $840,025.34. Following the completion of the transaction, the director now directly owns 2,761,458 shares of the company’s stock, valued at $83,451,260.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Borge Hald also recently made the following trade(s):

  • On Monday, June 29th, Borge Hald sold 200,000 shares of Medallia stock. The stock was sold at an average price of $25.36, for a total transaction of $5,072,000.00.
  • On Thursday, June 25th, Borge Hald sold 3,323 shares of Medallia stock. The stock was sold at an average price of $27.50, for a total transaction of $91,382.50.

Medallia stock opened at $31.21 on Thursday. The business’s fifty day simple moving average is $28.03 and its two-hundred day simple moving average is $25.82. Medallia has a 12 month low of $16.04 and a 12 month high of $43.05. The company has a market capitalization of $4.40 billion and a price-to-earnings ratio of -18.69.

Medallia (NYSE:MDLA) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $112.69 million for the quarter, compared to the consensus estimate of $107.03 million. Medallia had a negative return on equity of 34.02% and a negative net margin of 33.76%. The firm’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts expect that Medallia will post -0.63 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Co increased their price target on shares of Medallia from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Craig Hallum lifted their target price on shares of Medallia from $30.00 to $35.00 in a report on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target on shares of Medallia in a research report on Wednesday, July 1st. Citigroup raised their price objective on Medallia from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Berenberg Bank assumed coverage on Medallia in a research note on Tuesday, July 21st. They set a “buy” rating and a $33.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Medallia has an average rating of “Buy” and an average target price of $38.64.

Several large investors have recently made changes to their positions in the company. Wasatch Advisors Inc. lifted its holdings in shares of Medallia by 70.1% during the first quarter. Wasatch Advisors Inc. now owns 8,502,245 shares of the company’s stock valued at $170,385,000 after purchasing an additional 3,503,156 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Medallia by 301.9% during the first quarter. JPMorgan Chase & Co. now owns 7,984,384 shares of the company’s stock valued at $160,007,000 after purchasing an additional 5,997,579 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Medallia by 171.2% during the first quarter. Champlain Investment Partners LLC now owns 7,455,235 shares of the company’s stock valued at $149,403,000 after purchasing an additional 4,706,160 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Medallia by 29.3% during the first quarter. Nuveen Asset Management LLC now owns 2,312,007 shares of the company’s stock valued at $46,332,000 after purchasing an additional 524,381 shares in the last quarter. Finally, Fred Alger Management LLC lifted its holdings in shares of Medallia by 48.0% during the first quarter. Fred Alger Management LLC now owns 2,131,981 shares of the company’s stock valued at $42,725,000 after purchasing an additional 691,680 shares in the last quarter. 79.47% of the stock is currently owned by hedge funds and other 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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Insider Buying and Selling by Quarter for Medallia (NYSE:MDLA)

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