Sarasin & Partners LLP Cuts Position in Medallia, Inc. (NYSE:MDLA)

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Sarasin & Partners LLP lessened its stake in Medallia, Inc. (NYSE:MDLA) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,829 shares of the company’s stock after selling 42,869 shares during the quarter. Sarasin & Partners LLP owned 0.07% of Medallia worth $2,874,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Xponance Inc. increased its holdings in Medallia by 7.0% during the 3rd quarter. Xponance Inc. now owns 8,935 shares of the company’s stock valued at $245,000 after acquiring an additional 587 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Medallia by 2.0% during the 3rd quarter. Treasurer of the State of North Carolina now owns 30,675 shares of the company’s stock valued at $841,000 after acquiring an additional 610 shares in the last quarter. Quadrature Capital Ltd increased its holdings in Medallia by 1.7% during the 2nd quarter. Quadrature Capital Ltd now owns 39,791 shares of the company’s stock valued at $1,004,000 after acquiring an additional 677 shares in the last quarter. American International Group Inc. increased its holdings in Medallia by 53.8% during the 2nd quarter. American International Group Inc. now owns 2,240 shares of the company’s stock valued at $57,000 after acquiring an additional 784 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Medallia by 5.8% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 87.12% of the company’s stock.

A number of equities research analysts have recently commented on MDLA shares. BTIG Research started coverage on shares of Medallia in a report on Monday, October 5th. They set a “buy” rating and a $37.00 price target for the company. Citigroup lifted their price target on shares of Medallia from $30.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Robert W. Baird lifted their price target on shares of Medallia from $40.00 to $42.00 in a report on Friday, September 4th. Roth Capital reiterated a “buy” rating on shares of Medallia in a report on Friday, September 4th. Finally, Credit Suisse Group lifted their price target on shares of Medallia from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.91.

In other Medallia news, EVP Jimmy C. Duan sold 12,842 shares of Medallia stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.29, for a total transaction of $376,142.18. Following the transaction, the executive vice president now directly owns 203,594 shares of the company’s stock, valued at $5,963,268.26. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mikael J. Ottosson sold 85,000 shares of Medallia stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.50, for a total transaction of $2,677,500.00. Following the sale, the executive vice president now owns 177,456 shares in the company, valued at approximately $5,589,864. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,076,923 shares of company stock worth $35,156,258.

Shares of MDLA traded up $0.51 during mid-day trading on Tuesday, hitting $31.66. The company had a trading volume of 4,282 shares, compared to its average volume of 1,712,430. The business’s 50-day simple moving average is $29.88 and its 200-day simple moving average is $28.79. Medallia, Inc. has a 1-year low of $16.04 and a 1-year high of $40.20. The stock has a market cap of $4.58 billion, a PE ratio of -29.67 and a beta of 1.71.

Medallia (NYSE:MDLA) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. The firm had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $110.37 million. Medallia had a negative net margin of 31.54% and a negative return on equity of 30.19%. Medallia’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. Research analysts forecast that Medallia, Inc. will post -0.62 earnings per share for the current year.

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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Institutional Ownership by Quarter for Medallia (NYSE:MDLA)

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