Medallia’s (NYSE:MDLA) lock-up period is set to expire on Wednesday, January 15th. Medallia had issued 15,500,000 shares in its IPO on July 19th. The total size of the offering was $325,500,000 based on an initial share price of $21.00. After the end of Medallia’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Medallia in a research report on Monday, December 9th. Credit Suisse Group reduced their price objective on Medallia from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Zacks Investment Research downgraded Medallia from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Oppenheimer reiterated a “buy” rating and set a $55.00 price objective on shares of Medallia in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.43.
MDLA stock opened at $32.50 on Wednesday. The stock’s fifty day simple moving average is $30.99. Medallia has a 52-week low of $23.76 and a 52-week high of $44.72.
Medallia (NYSE:MDLA) last posted its earnings results on Thursday, December 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.17. The business had revenue of $103.07 million for the quarter, compared to analyst estimates of $96.22 million. Medallia’s revenue for the quarter was up 27.0% compared to the same quarter last year. Equities analysts expect that Medallia will post -1.32 EPS for the current year.
In other Medallia news, EVP Mikael J. Ottosson sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $28.12, for a total transaction of $1,406,000.00. Following the completion of the sale, the executive vice president now owns 100,000 shares of the company’s stock, valued at $2,812,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY acquired a new stake in shares of Medallia in the third quarter valued at $28,000. Herald Investment Management Ltd acquired a new stake in shares of Medallia in the third quarter valued at $54,000. Diversified Trust Co acquired a new stake in shares of Medallia in the fourth quarter valued at $221,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Medallia in the third quarter valued at $296,000. Finally, Man Group plc acquired a new stake in shares of Medallia in the third quarter valued at $428,000. 59.95% 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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