Qualtrics International (NASDAQ:XM) Downgraded to “Neutral” at Piper Sandler

Piper Sandler lowered shares of Qualtrics International (NASDAQ:XM – Get Rating) from an overweight rating to a neutral rating in a report published on Monday morning, The Fly reports.

Several other research analysts have also weighed in on XM. Oppenheimer lowered Qualtrics International from an outperform rating to a market perform rating in a research report on Wednesday, March 8th. Canaccord Genuity Group reissued a hold rating and issued a $18.15 price objective on shares of Qualtrics International in a research report on Wednesday, March 8th. Raymond James raised their price objective on Qualtrics International from $14.00 to $17.00 and gave the company an outperform rating in a research report on Friday, January 27th. JMP Securities raised their price objective on Qualtrics International from $20.00 to $28.00 and gave the company a market outperform rating in a research report on Thursday, January 26th. Finally, Truist Financial cut their price objective on Qualtrics International from $16.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $17.56.

Qualtrics International Stock Up 6.8 %

Shares of Qualtrics International stock opened at $17.68 on Monday. The firm has a market cap of $10.65 billion, a PE ratio of -9.71 and a beta of 1.72. The business’s fifty day moving average is $14.53 and its two-hundred day moving average is $11.94. Qualtrics International has a fifty-two week low of $9.32 and a fifty-two week high of $30.95.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $389.09 million during the quarter, compared to analysts’ expectations of $380.99 million. Qualtrics International had a negative return on equity of 52.36% and a negative net margin of 72.77%. Equities research analysts anticipate that Qualtrics International will post -1.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO Zig Serafin sold 130,628 shares of Qualtrics International stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $15.97, for a total value 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 $182,757,517.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualtrics International news, CEO Zig Serafin sold 130,628 shares of Qualtrics International stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $15.97, for a total value 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 $182,757,517.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan S. Smith sold 112,713 shares of Qualtrics International stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $16.56, for a total value of $1,866,527.28. Following the completion of the transaction, the insider now owns 13,082,468 shares of the company’s stock, valued at $216,645,670.08. 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. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Qualtrics International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Qualtrics International by 6.0% in the third quarter. Vanguard Group Inc. now owns 9,056,354 shares of the company’s stock valued at $92,194,000 after acquiring an additional 509,003 shares during the period. EdgePoint Investment Group Inc. raised its holdings in shares of Qualtrics International by 68.0% during the fourth quarter. EdgePoint Investment Group Inc. now owns 6,989,829 shares of the company’s stock valued at $72,554,000 after buying an additional 2,829,570 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Qualtrics International by 38.4% during the second quarter. Goldman Sachs Group Inc. now owns 5,305,118 shares of the company’s stock valued at $66,367,000 after buying an additional 1,472,100 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in shares of Qualtrics International during the fourth quarter valued at approximately $48,192,000. Finally, Wellington Management Group LLP raised its holdings in shares of Qualtrics International by 22.9% during the first quarter. Wellington Management Group LLP now owns 4,286,108 shares of the company’s stock valued at $122,368,000 after buying an additional 798,977 shares during the last quarter. 21.24% of the stock is currently owned by institutional investors and hedge funds.

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.