Medallia (NYSE:MDLA) CFO Roxanne Oulman Sells 34,132 Shares

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Medallia (NYSE:MDLA) CFO Roxanne Oulman sold 34,132 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $31.54, for a total value of $1,076,523.28. Following the completion of the transaction, the chief financial officer now owns 490,868 shares in the company, valued at approximately $15,481,976.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NYSE:MDLA opened at $31.77 on Friday. The business has a 50 day moving average of $31.06. Medallia has a 12 month low of $23.76 and a 12 month high of $44.72.

Medallia (NYSE:MDLA) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.17. The company had revenue of $103.07 million during the quarter, compared to the consensus estimate of $96.22 million. The firm’s revenue was up 27.0% on a year-over-year basis. On average, analysts expect that Medallia will post -1.32 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of MDLA. Metropolitan Life Insurance Co NY bought a new stake in shares of Medallia in the 3rd quarter worth approximately $28,000. Herald Investment Management Ltd bought a new stake in shares of Medallia in the 3rd quarter worth approximately $54,000. Diversified Trust Co bought a new stake in shares of Medallia in the 4th quarter worth approximately $221,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Medallia in the 3rd quarter worth approximately $296,000. Finally, Man Group plc bought a new stake in shares of Medallia in the 3rd quarter worth approximately $428,000. 59.95% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on MDLA shares. Oppenheimer restated a “buy” rating and issued a $55.00 target price on shares of Medallia in a research note on Friday, December 6th. Robert W. Baird started coverage on Medallia in a research note on Thursday. They issued an “outperform” rating and a $40.00 target price on the stock. Credit Suisse Group cut their target price on Medallia from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Medallia in a research note on Monday, December 9th. Finally, Zacks Investment Research cut shares of Medallia from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.00.

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.

Read More: Why do analysts give a neutral rating?

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