Medallia (NYSE:MDLA) Director Sells $6,236,000.00 in Stock

Medallia (NYSE:MDLA) Director Steven Walske sold 200,000 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $31.18, for a total value of $6,236,000.00. Following the transaction, the director now directly owns 706,541 shares of the company’s stock, valued at $22,029,948.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

MDLA opened at $30.73 on Friday. The company has a market cap of $4.34 billion and a PE ratio of -18.40. The business has a 50 day moving average price of $28.17 and a two-hundred day moving average price of $25.80. Medallia has a 52 week low of $16.04 and a 52 week high of $43.05.

Medallia (NYSE:MDLA) last issued its earnings results on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $112.69 million during 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%. Medallia’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts predict that Medallia will post -0.63 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. Craig Hallum boosted their target price on Medallia from $30.00 to $35.00 in a report on Wednesday, June 3rd. Citigroup boosted their target price on Medallia from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. SunTrust Banks boosted their target price on Medallia from $28.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Oppenheimer boosted their target price on Medallia from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Co boosted their target price on Medallia from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Medallia presently has an average rating of “Buy” and a consensus price target of $38.64.

Several hedge funds have recently modified their holdings of MDLA. American International Group Inc. raised its stake in shares of Medallia by 325.7% during the 1st quarter. American International Group Inc. now owns 1,456 shares of the company’s stock worth $29,000 after buying an additional 1,114 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Medallia during the 4th quarter worth approximately $53,000. Victory Capital Management Inc. purchased a new position in shares of Medallia during the 4th quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Medallia by 210.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,772 shares of the company’s stock worth $196,000 after buying an additional 5,270 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Medallia by 900.4% during the 1st quarter. Bogart Wealth LLC now owns 10,124 shares of the company’s stock worth $203,000 after buying an additional 9,112 shares in the last quarter. 79.47% of the stock is owned by institutional investors and hedge funds.

Medallia Company Profile

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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