Massachusetts Financial Services Co. MA reduced its position in shares of Qualtrics International Inc. (NASDAQ:XM – Get Rating) by 82.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,967 shares of the company’s stock after selling 1,025,943 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Qualtrics International were worth $2,147,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in Qualtrics International by 5.7% during the first quarter. Canada Pension Plan Investment Board now owns 14,195 shares of the company’s stock worth $406,000 after purchasing an additional 765 shares in the last quarter. Truist Financial Corp grew its position in Qualtrics International by 4.2% during the third quarter. Truist Financial Corp now owns 24,748 shares of the company’s stock worth $252,000 after buying an additional 998 shares during the period. Barclays PLC grew its position in Qualtrics International by 8.1% during the third quarter. Barclays PLC now owns 23,177 shares of the company’s stock worth $235,000 after buying an additional 1,730 shares during the period. Advisors Asset Management Inc. grew its position in Qualtrics International by 45.5% during the first quarter. Advisors Asset Management Inc. now owns 6,220 shares of the company’s stock worth $178,000 after buying an additional 1,946 shares during the period. Finally, FirstPurpose Wealth LLC grew its position in Qualtrics International by 16.5% during the third quarter. FirstPurpose Wealth LLC now owns 14,054 shares of the company’s stock worth $143,000 after buying an additional 1,993 shares during the period. 21.24% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Qualtrics International news, CEO Zig Serafin sold 130,628 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $15.97, for a total transaction of $2,086,129.16. Following the transaction, the chief executive officer now owns 11,443,802 shares of the company’s stock, valued at $182,757,517.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Chris Beckstead sold 52,093 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $16.56, for a total value of $862,660.08. Following the transaction, the president now owns 5,646,715 shares of the company’s stock, valued at approximately $93,509,600.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Zig Serafin sold 130,628 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $15.97, for a total transaction of $2,086,129.16. Following the completion of the transaction, the chief executive officer now directly owns 11,443,802 shares in the company, valued at approximately $182,757,517.94. The disclosure for this sale can be found here. Insiders have sold a total of 969,324 shares of company stock valued at $15,899,273 over the last quarter. Company insiders own 2.80% of the company’s stock.
Qualtrics International Stock Performance
Qualtrics International (NASDAQ:XM – Get Rating) last announced its earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Qualtrics International had a negative return on equity of 52.13% and a negative net margin of 72.77%. The firm had revenue of $389.09 million for the quarter, compared to analyst estimates of $380.99 million. As a group, equities analysts predict that Qualtrics International Inc. will post -1.36 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on XM shares. Canaccord Genuity Group upped their target price on shares of Qualtrics International from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, February 6th. Morgan Stanley lowered their target price on shares of Qualtrics International from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. JMP Securities upped their target price on shares of Qualtrics International from $20.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 26th. BMO Capital Markets upped their target price on shares of Qualtrics International from $13.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Finally, Oppenheimer increased their price target on shares of Qualtrics International from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.31.
Qualtrics International Profile
Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.
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