State Board of Administration of Florida Retirement System Raises Stake in Medallia, Inc. (NYSE:MDLA)

State Board of Administration of Florida Retirement System lifted its position in shares of Medallia, Inc. (NYSE:MDLA) by 26.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,217 shares of the company’s stock after buying an additional 20,767 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Medallia were worth $3,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Harbour Partners LP grew its holdings in shares of Medallia by 259.4% during the first quarter. Washington Harbour Partners LP now owns 359,354 shares of the company’s stock worth $10,022,000 after buying an additional 259,354 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Medallia in the first quarter worth approximately $14,650,000. Northern Trust Corp boosted its position in shares of Medallia by 5.8% in the first quarter. Northern Trust Corp now owns 661,972 shares of the company’s stock worth $18,463,000 after acquiring an additional 36,408 shares during the last quarter. Swiss National Bank boosted its position in shares of Medallia by 5.3% in the first quarter. Swiss National Bank now owns 184,800 shares of the company’s stock worth $5,154,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Medallia by 3.8% in the second quarter. Alliancebernstein L.P. now owns 41,730 shares of the company’s stock worth $1,408,000 after acquiring an additional 1,544 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

NYSE MDLA opened at $33.85 on Thursday. The company’s fifty day simple moving average is $33.52 and its 200-day simple moving average is $30.62. Medallia, Inc. has a 52 week low of $23.58 and a 52 week high of $48.28. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.57. The stock has a market cap of $5.45 billion, a P/E ratio of -26.65 and a beta of 1.54.

Medallia (NYSE:MDLA) last posted its earnings results on Wednesday, September 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Medallia had a negative return on equity of 30.58% and a negative net margin of 37.34%. The firm had revenue of $144.10 million for the quarter, compared to analyst estimates of $138.16 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, research analysts expect that Medallia, Inc. will post -0.84 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Citigroup cut shares of Medallia from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $34.00 in a research report on Tuesday, July 27th. Zacks Investment Research cut shares of Medallia from a “hold” rating to a “sell” rating in a research report on Saturday, September 11th. Needham & Company LLC cut shares of Medallia from a “buy” rating to a “hold” rating and set a $33.60 target price on the stock. in a research report on Monday, July 26th. Stifel Nicolaus cut shares of Medallia from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Tuesday, July 27th. Finally, Craig Hallum cut shares of Medallia from a “buy” rating to a “hold” rating in a research report on Monday, July 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Medallia has an average rating of “Hold” and an average price target of $36.75.

In related news, CEO Leslie Stretch sold 31,958 shares of Medallia stock in a transaction on Monday, September 20th. The shares were sold at an average price of $33.82, for a total value of $1,080,819.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mikael J. Ottosson sold 2,348 shares of Medallia stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $33.86, for a total transaction of $79,503.28. Following the completion of the sale, the executive vice president now owns 153,508 shares of the company’s stock, valued at approximately $5,197,780.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,304 shares of company stock worth $7,780,842. Corporate insiders own 18.60% of the company’s stock.

About Medallia

Medallia, Inc engages in the provision of customer experience management software. Its products include surveys, CX profiles, CX journeys, action intelligence, and alerts and reporting. The firm also offers CX professionals, EX professionals, account management, contact centers, location-based operations, and research and insights solutions.

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Institutional Ownership by Quarter for Medallia (NYSE:MDLA)

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