11,500 Shares in Qualtrics International Inc. (NASDAQ:XM) Purchased by Handelsbanken Fonder AB

Posted by Defense World Staff on May 9th, 2023

Handelsbanken Fonder AB bought a new stake in shares of Qualtrics International Inc. (NASDAQ:XM – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,500 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors also recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. raised its holdings in Qualtrics International by 92.7% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 16,445 shares of the company’s stock worth $167,000 after purchasing an additional 7,910 shares in the last quarter. Drive Wealth Management LLC acquired a new position in Qualtrics International during the third quarter worth about $180,000. NZS Capital LLC bought a new stake in Qualtrics International in the third quarter worth about $5,190,000. Alpha DNA Investment Management LLC acquired a new stake in Qualtrics International in the 4th quarter valued at about $1,108,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of Qualtrics International by 768.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,341,903 shares of the company’s stock valued at $13,661,000 after purchasing an additional 1,187,448 shares in the last quarter. 21.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Qualtrics International

In other news, insider Brad R. Anderson sold 5,247 shares of the company’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $16.52, for a total value of $86,680.44. Following the completion of the sale, the insider now directly owns 481,520 shares of the company’s stock, valued at approximately $7,954,710.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Qualtrics International news, insider Brad R. Anderson sold 5,247 shares of Qualtrics International stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $16.52, for a total value of $86,680.44. Following the sale, the insider now owns 481,520 shares of the company’s stock, valued at approximately $7,954,710.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Zig Serafin sold 338,836 shares of Qualtrics International stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $17.90, for a total value of $6,065,164.40. Following the completion of the sale, the chief executive officer now directly owns 11,104,966 shares in the company, valued at approximately $198,778,891.40. The disclosure for this sale can be found here. Insiders sold a total of 1,005,023 shares of company stock valued at $17,237,936 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

XM has been the subject of several recent research reports. BMO Capital Markets lowered shares of Qualtrics International from an “outperform” rating to a “market perform” rating and increased their target price for the company from $17.00 to $18.15 in a research note on Monday, March 6th. Canaccord Genuity Group restated a “hold” rating and issued a $18.15 target price on shares of Qualtrics International in a report on Wednesday, March 8th. Piper Sandler reaffirmed a “neutral” rating and set a $18.15 target price on shares of Qualtrics International in a report on Friday, April 21st. William Blair cut Qualtrics International from an “outperform” rating to a “market perform” rating in a research note on Monday, March 6th. Finally, JMP Securities cut shares of Qualtrics International from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.93.

Qualtrics International Stock Performance

Shares of NASDAQ:XM opened at $17.90 on Tuesday. Qualtrics International Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $18.00. The business’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $14.00.

About Qualtrics International

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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.