Qualtrics International Inc. (NASDAQ:XM) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI grew its stake in Qualtrics International Inc. (NASDAQ:XMGet Rating) by 1,536.6% during the first quarter, HoldingsChannel.com reports. The firm owned 69,360 shares of the company’s stock after purchasing an additional 65,122 shares during the period. National Bank of Canada FI’s holdings in Qualtrics International were worth $1,779,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Qualtrics International during the 4th quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Qualtrics International in the 1st quarter worth approximately $26,000. Signaturefd LLC lifted its holdings in shares of Qualtrics International by 68.8% in the 1st quarter. Signaturefd LLC now owns 1,350 shares of the company’s stock worth $39,000 after purchasing an additional 550 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Qualtrics International by 39.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,987 shares of the company’s stock worth $141,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in shares of Qualtrics International in the 4th quarter worth approximately $144,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JMP Securities cut their price target on Qualtrics International from $59.00 to $46.00 and set a “market outperform” rating on the stock in a report on Friday, April 22nd. Canaccord Genuity Group cut their price target on Qualtrics International from $34.00 to $16.00 in a report on Thursday, July 21st. Morgan Stanley cut their price target on Qualtrics International from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 21st. Barclays cut their target price on Qualtrics International from $30.00 to $16.00 in a research note on Monday, July 18th. Finally, Piper Sandler cut their target price on Qualtrics International from $40.00 to $20.00 in a research note on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.44.

Qualtrics International Stock Performance

XM opened at $12.60 on Friday. Qualtrics International Inc. has a one year low of $11.33 and a one year high of $49.03. The stock’s fifty day moving average is $13.14 and its 200-day moving average is $21.03. The company has a market capitalization of $7.32 billion, a PE ratio of -5.97 and a beta of 1.72.

Qualtrics International (NASDAQ:XMGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.07). Qualtrics International had a negative return on equity of 82.58% and a negative net margin of 91.22%. The firm had revenue of $356.37 million during the quarter, compared to the consensus estimate of $344.98 million. During the same period in the prior year, the firm posted ($0.51) EPS. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. On average, equities research analysts forecast that Qualtrics International Inc. will post -1.75 EPS for the current fiscal year.

Qualtrics International Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Qualtrics International (NASDAQ:XM)

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