Mikael J. Ottosson Sells 2,348 Shares of Medallia, Inc. (NYSE:MDLA) Stock

Medallia, Inc. (NYSE:MDLA) EVP Mikael J. Ottosson sold 2,348 shares of the stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $33.86, for a total transaction of $79,503.28. Following the transaction, the executive vice president now owns 153,508 shares of the company’s stock, valued at approximately $5,197,780.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Medallia stock opened at $33.92 on Friday. Medallia, Inc. has a 12-month low of $23.58 and a 12-month high of $48.28. The company has a market cap of $5.46 billion, a price-to-earnings ratio of -26.71 and a beta of 1.54. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.57. The company’s 50-day moving average price is $33.39 and its 200-day moving average price is $30.76.

Medallia (NYSE:MDLA) last announced its earnings results 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 company had revenue of $144.10 million during the quarter, compared to analysts’ expectations of $138.16 million. Medallia had a negative net margin of 37.34% and a negative return on equity of 30.58%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. On average, sell-side analysts predict that Medallia, Inc. will post -0.84 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Medallia by 40.5% in the second quarter. Bank of America Corp DE now owns 1,782,807 shares of the company’s stock valued at $60,169,000 after purchasing an additional 513,892 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Medallia by 8.7% in the second quarter. Parametric Portfolio Associates LLC now owns 133,070 shares of the company’s stock valued at $4,491,000 after purchasing an additional 10,690 shares in the last quarter. Marshall Wace LLP purchased a new stake in Medallia in the second quarter valued at approximately $8,010,000. Marshall Wace North America L.P. purchased a new stake in Medallia in the second quarter valued at approximately $3,336,000. Finally, Mariner LLC bought a new position in Medallia during the second quarter valued at approximately $637,000. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on MDLA shares. Citigroup downgraded shares of Medallia from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $34.00 in a report on Tuesday, July 27th. Robert W. Baird downgraded shares of Medallia from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $34.00 in a report on Thursday, August 5th. Zacks Investment Research downgraded shares of Medallia from a “hold” rating to a “sell” rating in a report on Saturday, September 11th. Craig Hallum downgraded shares of Medallia from a “buy” rating to a “hold” rating in a report on Monday, July 26th. 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 equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.75.

About Medallia

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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