Douglas M. Leone Acquires 399,265 Shares of Medallia (NASDAQ:MDLA) Stock

Medallia (NASDAQ:MDLA) Director Douglas M. Leone bought 399,265 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $28.12 per share, for a total transaction of $11,227,331.80.

NASDAQ:MDLA opened at $31.25 on Thursday. The firm has a 50-day moving average of $36.22. Medallia has a 12 month low of $26.18 and a 12 month high of $44.72.

Medallia (NASDAQ:MDLA) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. The company had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $91.32 million. Medallia’s revenue was up 26.9% compared to the same quarter last year.

MDLA has been the topic of several research reports. UBS Group initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued an “outperform” rating and a $55.00 target price on the stock. Bank of America initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued a “buy” rating and a $50.00 target price on the stock. Credit Suisse Group initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $40.00 target price on the stock. SunTrust Banks initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Needham & Company LLC initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued a “buy” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $47.62.

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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