Medallia (NYSE:MDLA) CEO Sells $2,592,499.31 in Stock

Medallia (NYSE:MDLA) CEO Leslie Stretch sold 97,061 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $26.71, for a total value of $2,592,499.31. Following the sale, the chief executive officer now owns 1,521,096 shares of the company’s stock, valued at $40,628,474.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Leslie Stretch also recently made the following trade(s):

  • On Monday, September 21st, Leslie Stretch sold 31,959 shares of Medallia stock. The stock was sold at an average price of $26.16, for a total value of $836,047.44.
  • On Wednesday, September 2nd, Leslie Stretch sold 127,284 shares of Medallia stock. The stock was sold at an average price of $40.05, for a total value of $5,097,724.20.
  • On Wednesday, August 26th, Leslie Stretch sold 250,000 shares of Medallia stock. The stock was sold at an average price of $34.39, for a total value of $8,597,500.00.
  • On Thursday, August 20th, Leslie Stretch sold 32,028 shares of Medallia stock. The stock was sold at an average price of $31.07, for a total value of $995,109.96.
  • On Friday, August 14th, Leslie Stretch sold 14,680 shares of Medallia stock. The stock was sold at an average price of $31.01, for a total value of $455,226.80.
  • On Monday, August 17th, Leslie Stretch sold 119,555 shares of Medallia stock. The stock was sold at an average price of $31.21, for a total value of $3,731,311.55.
  • On Friday, August 7th, Leslie Stretch sold 100 shares of Medallia stock. The stock was sold at an average price of $31.02, for a total value of $3,102.00.
  • On Monday, August 3rd, Leslie Stretch sold 48,874 shares of Medallia stock. The shares were sold at an average price of $29.90, for a total value of $1,461,332.60.
  • On Wednesday, August 5th, Leslie Stretch sold 219,839 shares of Medallia stock. The shares were sold at an average price of $30.62, for a total value of $6,731,470.18.
  • On Monday, July 20th, Leslie Stretch sold 30,482 shares of Medallia stock. The shares were sold at an average price of $29.18, for a total value of $889,464.76.

Shares of Medallia stock opened at $27.32 on Monday. The business has a 50-day moving average of $31.22 and a 200-day moving average of $26.34. The company has a market capitalization of $4.02 billion, a PE ratio of -26.02 and a beta of 1.64. Medallia has a 1-year low of $16.04 and a 1-year high of $40.20.

Medallia (NYSE:MDLA) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. Medallia had a negative net margin of 31.54% and a negative return on equity of 30.19%. The business had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $110.37 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, sell-side analysts expect that Medallia will post -0.62 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd lifted its holdings in Medallia by 1.7% in the second quarter. Quadrature Capital Ltd now owns 39,791 shares of the company’s stock worth $1,004,000 after acquiring an additional 677 shares during the last quarter. American International Group Inc. increased its stake in shares of Medallia by 53.8% in the second quarter. American International Group Inc. now owns 2,240 shares of the company’s stock valued at $57,000 after purchasing an additional 784 shares during the period. Swiss National Bank increased its stake in shares of Medallia by 1.8% during the first quarter. Swiss National Bank now owns 49,800 shares of the company’s stock valued at $998,000 after acquiring an additional 900 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Medallia by 5.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 23,444 shares of the company’s stock valued at $592,000 after acquiring an additional 1,276 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Medallia by 5.5% during the second quarter. State of Wisconsin Investment Board now owns 30,762 shares of the company’s stock valued at $776,000 after acquiring an additional 1,610 shares during the period. 87.12% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on MDLA. Wells Fargo & Company increased their price target on Medallia from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Oppenheimer increased their price target on Medallia from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Needham & Company LLC increased their price target on Medallia from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, September 4th. Craig Hallum increased their price target on Medallia from $30.00 to $35.00 in a report on Wednesday, June 3rd. Finally, Zacks Investment Research downgraded Medallia from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.80.

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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