Psagot Investment House Ltd. Purchases New Holdings in Medallia, Inc. (NYSE:MDLA)

Psagot Investment House Ltd. purchased a new stake in shares of Medallia, Inc. (NYSE:MDLA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,650 shares of the company’s stock, valued at approximately $292,000.

A number of other large investors have also recently modified their holdings of the stock. Washington Harbour Partners LP lifted its position in shares of Medallia by 259.4% in the 1st quarter. Washington Harbour Partners LP now owns 359,354 shares of the company’s stock worth $10,022,000 after purchasing an additional 259,354 shares during the period. Millennium Management LLC purchased a new stake in shares of Medallia in the 1st quarter worth approximately $14,650,000. Northern Trust Corp lifted its position in shares of Medallia by 5.8% in the 1st quarter. Northern Trust Corp now owns 661,972 shares of the company’s stock worth $18,463,000 after purchasing an additional 36,408 shares during the period. Swiss National Bank lifted its position in shares of Medallia by 5.3% in the 1st quarter. Swiss National Bank now owns 184,800 shares of the company’s stock worth $5,154,000 after purchasing an additional 9,300 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Medallia by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 41,730 shares of the company’s stock worth $1,408,000 after purchasing an additional 1,544 shares during the period. Institutional investors own 80.77% of the company’s stock.

Medallia stock traded up $0.01 during mid-day trading on Friday, reaching $33.92. 4,811,162 shares of the company traded hands, compared to its average volume of 3,590,052. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -26.71 and a beta of 1.54. Medallia, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $48.28. The firm’s fifty day moving average is $33.39 and its two-hundred day moving average is $30.68. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.84 and a quick ratio of 1.84.

Medallia (NYSE:MDLA) last released its quarterly earnings data on Wednesday, September 1st. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $144.10 million during the quarter, compared to analyst estimates of $138.16 million. Medallia had a negative return on equity of 30.58% and a negative net margin of 37.34%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. As a group, equities research analysts predict that Medallia, Inc. will post -0.84 earnings per share for the current year.

Several equities research analysts have recently weighed in on MDLA shares. William Blair cut shares of Medallia from an “outperform” rating to a “market perform” rating in a research report on Monday, July 26th. Craig Hallum cut shares of Medallia from a “buy” rating to a “hold” rating in a research report on Monday, July 26th. Needham & Company LLC cut shares of Medallia from a “buy” rating to a “hold” rating and set a $33.60 target price for the company. in a research report on Monday, July 26th. decreased their target price on shares of Medallia from $59.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, June 2nd. Finally, Truist cut shares of Medallia from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Monday, August 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Medallia has a consensus rating of “Hold” and an average target price of $36.75.

In related news, EVP Mikael J. Ottosson sold 75,000 shares of the stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of $31.36, for a total transaction of $2,352,000.00. Following the sale, the executive vice president now directly owns 230,856 shares of the company’s stock, valued at $7,239,644.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Leslie Stretch sold 100,000 shares of the stock in a transaction on Thursday, June 24th. The stock was sold at an average price of $33.40, for a total transaction of $3,340,000.00. Following the sale, the chief executive officer now directly owns 867,445 shares in the company, valued at $28,972,663. The disclosure for this sale can be found here. Insiders sold 339,931 shares of company stock worth $11,054,848 in the last quarter. Company insiders own 18.60% of the company’s stock.

Medallia Profile

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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Institutional Ownership by Quarter for Medallia (NYSE:MDLA)

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