Borge Hald Sells 200,000 Shares of Medallia (NYSE:MDLA) Stock

Medallia (NYSE:MDLA) Director Borge Hald sold 200,000 shares of Medallia stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $25.36, for a total value of $5,072,000.00. Following the completion of the transaction, the director now owns 2,795,162 shares in the company, valued at approximately $70,885,308.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 value of $91,382.50.

NYSE:MDLA opened at $25.01 on Wednesday. Medallia has a 52 week low of $16.04 and a 52 week high of $44.72. The stock has a 50 day moving average of $26.46 and a 200-day moving average of $26.17. The firm has a market capitalization of $3.70 billion and a PE ratio of -14.98.

Medallia (NYSE:MDLA) last posted its 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 company had revenue of $112.69 million during the quarter, compared to analysts’ expectations of $107.03 million. Medallia had a negative net margin of 33.76% and a negative return on equity of 34.02%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that Medallia will post -0.63 EPS for the current fiscal year.

A number of research analysts have commented on MDLA shares. SunTrust Banks raised their price target on shares of Medallia from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Credit Suisse Group lifted their target price on shares of Medallia from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Zacks Investment Research downgraded shares of Medallia from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Oppenheimer increased their target price on Medallia from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Craig Hallum raised their price target on Medallia from $30.00 to $35.00 in a report 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. Medallia has a consensus rating of “Buy” and a consensus price target of $40.20.

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