Wells Fargo & Company MN Increases Position in Medallia (NYSE:MDLA)

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Wells Fargo & Company MN increased its holdings in Medallia (NYSE:MDLA) by 542.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 335,716 shares of the company’s stock after purchasing an additional 283,441 shares during the quarter. Wells Fargo & Company MN owned 0.24% of Medallia worth $6,727,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Swiss National Bank grew its holdings in Medallia by 1.8% in the first quarter. Swiss National Bank now owns 49,800 shares of the company’s stock valued at $998,000 after purchasing an additional 900 shares during the period. American International Group Inc. raised its stake in shares of Medallia by 325.7% during the 1st quarter. American International Group Inc. now owns 1,456 shares of the company’s stock worth $29,000 after buying an additional 1,114 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Medallia during the 4th quarter valued at approximately $53,000. TimesSquare Capital Management LLC grew its stake in Medallia by 0.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 452,250 shares of the company’s stock valued at $9,063,000 after acquiring an additional 2,250 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Medallia in the 4th quarter valued at $110,000. Institutional investors own 81.14% of the company’s stock.

In other Medallia news, CFO Roxanne Oulman sold 53,284 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $18.59, for a total transaction of $990,549.56. Following the transaction, the chief financial officer now directly owns 500,716 shares in the company, valued at $9,308,310.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Borge Hald sold 200,000 shares of Medallia stock in a transaction on 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 sale, the director now directly owns 2,795,162 shares of the company’s stock, valued at $70,885,308.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,270 shares of company stock valued at $10,153,754.

Several equities analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Medallia from $23.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Craig Hallum raised their price target on shares of Medallia from $30.00 to $35.00 in a research note on Wednesday, June 3rd. Wells Fargo & Co boosted their price objective on Medallia from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Oppenheimer raised 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, Citigroup lifted their price target on Medallia from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.20.

Shares of MDLA stock opened at $25.01 on Wednesday. The firm’s 50-day moving average is $26.46 and its two-hundred day moving average is $26.17. Medallia has a 12 month low of $16.04 and a 12 month high of $44.72. The company has a market capitalization of $3.70 billion and a PE ratio of -14.98.

Medallia (NYSE:MDLA) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The business had revenue of $112.69 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Medallia will post -0.63 earnings per share for the current fiscal year.

Medallia 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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