ExodusPoint Capital Management LP Sells 256,117 Shares of Qualtrics International Inc. (NASDAQ:XM)

ExodusPoint Capital Management LP reduced its stake in Qualtrics International Inc. (NASDAQ:XM – Get Rating) by 95.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,218 shares of the company’s stock after selling 256,117 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Qualtrics International were worth $135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Qualtrics International by 338.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company’s stock worth $55,000 after acquiring an additional 4,168 shares in the last quarter. IFP Advisors Inc increased its position in shares of Qualtrics International by 2,000.0% during the third quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock worth $97,000 after acquiring an additional 2,000 shares in the last quarter. B. Riley Wealth Management Inc. bought a new stake in shares of Qualtrics International during the second quarter worth about $126,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Qualtrics International by 42.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,297 shares of the company’s stock worth $129,000 after acquiring an additional 3,049 shares in the last quarter. Finally, FirstPurpose Wealth LLC increased its position in shares of 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 acquiring an additional 1,993 shares in the last quarter. 21.24% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Robert W. Bachman sold 16,700 shares of Qualtrics International stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 539,583 shares in the company, valued at $8,471,453.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider De’porres Brightful sold 1,996 shares of Qualtrics International stock in a transaction on Friday, February 10th. The stock was sold at an average price of $15.97, for a total value of $31,876.12. Following the completion of the transaction, the insider now directly owns 480,384 shares in the company, valued at $7,671,732.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert W. Bachman sold 16,700 shares of Qualtrics International stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now owns 539,583 shares of the company’s stock, valued at $8,471,453.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 969,324 shares of company stock worth $15,899,273. 2.80% of the stock is owned by corporate insiders.

Qualtrics International Price Performance

NASDAQ:XM opened at $17.13 on Friday. The business has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $11.71. Qualtrics International Inc. has a 1 year low of $9.32 and a 1 year high of $30.95. The company has a market capitalization of $10.12 billion, a P/E ratio of -9.41 and a beta of 1.72.

Qualtrics International (NASDAQ:XM – Get Rating) last released 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 52.36% and a negative net margin of 72.77%. The firm had revenue of $389.09 million during the quarter, compared to analysts’ expectations of $380.99 million. As a group, analysts anticipate that Qualtrics International Inc. will post -1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XM shares. Morgan Stanley reduced their price objective on shares of Qualtrics International from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Canaccord Genuity Group increased their price target on Qualtrics International from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, February 6th. Raymond James lifted their price target on Qualtrics International from $14.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. JMP Securities lifted their price target on Qualtrics International from $20.00 to $28.00 and gave the stock a “market outperform” rating in a report on Thursday, January 26th. Finally, Oppenheimer lifted their price target on Qualtrics International from $14.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, January 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.31.

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.