Qualtrics International (NASDAQ:XM) Sees Large Volume Increase After Analyst Upgrade

Qualtrics International Inc. (NASDAQ:XM – Get Rating) shares saw unusually-high trading volume on Tuesday after Loop Capital raised their price target on the stock from $11.00 to $18.00. Approximately 4,203,495 shares changed hands during trading, an increase of 3% from the previous session’s volume of 4,096,982 shares.The stock last traded at $17.65 and had previously closed at $17.68.

A number of other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Qualtrics International from a “buy” rating to a “hold” rating and upped their price objective for the company from $14.00 to $19.00 in a report on Wednesday, February 1st. Truist Financial reduced their price target on shares of Qualtrics International from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 24th. BMO Capital Markets cut shares of Qualtrics International from an “outperform” rating to a “market perform” rating and raised their target price for the company from $17.00 to $18.15 in a report on Monday, March 6th. JPMorgan Chase & Co. cut shares of Qualtrics International from an “overweight” rating to a “neutral” rating and raised their target price for the company from $16.00 to $18.00 in a report on Thursday, March 9th. Finally, William Blair cut shares of Qualtrics International from an “outperform” rating to a “market perform” rating in a report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.58.

Insider Activity at Qualtrics International

In other Qualtrics International news, CEO Zig Serafin sold 105,070 shares of Qualtrics International stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $16.56, for a total value of $1,739,959.20. Following the transaction, the chief executive officer now directly owns 12,391,879 shares of the company’s stock, valued at approximately $205,209,516.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Zig Serafin sold 105,070 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $16.56, for a total value of $1,739,959.20. Following the sale, the chief executive officer now owns 12,391,879 shares of the company’s stock, valued at approximately $205,209,516.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan S. Smith sold 112,713 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was 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 directly owns 13,082,468 shares in the company, valued at approximately $216,645,670.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 969,324 shares of company stock valued at $15,899,273. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Qualtrics International

Several large investors have recently modified their holdings of the business. Coppell Advisory Solutions Corp. acquired a new stake in shares of Qualtrics International in the fourth quarter valued at approximately $47,000. Twenty Acre Capital LP boosted its holdings in shares of Qualtrics International by 7.4% in the 4th quarter. Twenty Acre Capital LP now owns 262,800 shares of the company’s stock valued at $2,728,000 after purchasing an additional 18,200 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Qualtrics International by 22.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 102,263 shares of the company’s stock valued at $1,061,000 after purchasing an additional 18,746 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Qualtrics International by 127.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,116,006 shares of the company’s stock valued at $11,585,000 after acquiring an additional 624,703 shares in the last quarter. Finally, NZS Capital LLC boosted its holdings in shares of Qualtrics International by 31.2% during the 4th quarter. NZS Capital LLC now owns 668,797 shares of the company’s stock valued at $6,942,000 after acquiring an additional 159,020 shares in the last quarter. 21.24% of the stock is currently owned by institutional investors.

Qualtrics International Stock Performance

The company has a market cap of $10.64 billion, a price-to-earnings ratio of -9.70 and a beta of 1.72. The company has a fifty day moving average of $14.68 and a two-hundred day moving average of $11.98.

Qualtrics International (NASDAQ:XM – Get Rating) last posted its quarterly earnings data 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 business had revenue of $389.09 million during the quarter, compared to the consensus estimate of $380.99 million. Qualtrics International had a negative return on equity of 52.36% and a negative net margin of 72.77%. Equities analysts expect that Qualtrics International Inc. will post -1.36 EPS for the current fiscal year.

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.