Medallia (NYSE:MDLA) Director Borge Hald sold 3,323 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $27.50, for a total transaction of $91,382.50. Following the transaction, the director now directly owns 2,795,162 shares of the company’s stock, valued at approximately $76,866,955. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, June 29th, Borge Hald sold 200,000 shares of Medallia stock. The shares were sold at an average price of $25.36, for a total transaction of $5,072,000.00.

Shares of Medallia stock opened at $25.01 on Wednesday. The company’s 50-day moving average price is $26.46 and its two-hundred day moving average price is $26.17. Medallia has a 52 week low of $16.04 and a 52 week high of $44.72. The stock has a market cap of $3.70 billion and a PE ratio of -14.98.

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

Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Medallia from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Zacks Investment Research downgraded shares of Medallia from a “buy” rating to a “hold” rating in a report on Friday, June 5th. SunTrust Banks boosted their price target on shares of Medallia from $28.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Credit Suisse Group lifted their price objective on shares of Medallia from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Craig Hallum lifted their price objective on shares of Medallia from $30.00 to $35.00 in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $40.20.

A number of institutional investors have recently modified their holdings of MDLA. California Public Employees Retirement System bought a new stake in Medallia in the fourth quarter worth about $594,000. Victory Capital Management Inc. acquired a new stake in Medallia during the 4th quarter worth about $274,000. New York State Common Retirement Fund lifted its stake in Medallia by 853.1% during the fourth quarter. New York State Common Retirement Fund now owns 35,263 shares of the company’s stock valued at $1,097,000 after buying an additional 31,563 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Medallia by 50.0% in the fourth quarter. Rhumbline Advisers now owns 12,935 shares of the company’s stock worth $402,000 after buying an additional 4,314 shares during the period. Finally, Swiss National Bank purchased a new position in shares of Medallia in the fourth quarter worth approximately $1,521,000. Hedge funds and other institutional investors own 81.14% of the company’s stock.

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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