AlphaCrest Capital Management LLC Buys Shares of 157,674 Qualtrics International Inc. (NASDAQ:XM)

AlphaCrest Capital Management LLC bought a new stake in shares of Qualtrics International Inc. (NASDAQ:XMGet Rating) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 157,674 shares of the company’s stock, valued at approximately $1,973,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Scge Management L.P. grew its holdings in shares of Qualtrics International by 8,477.5% during the first quarter. Scge Management L.P. now owns 3,431,000 shares of the company’s stock worth $97,955,000 after buying an additional 3,391,000 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Qualtrics International during the first quarter worth about $84,283,000. Vanguard Group Inc. grew its holdings in shares of Qualtrics International by 32.3% during the first quarter. Vanguard Group Inc. now owns 7,460,496 shares of the company’s stock worth $212,997,000 after buying an additional 1,819,875 shares in the last quarter. Dorsal Capital Management LLC purchased a new stake in shares of Qualtrics International during the first quarter worth about $39,970,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Qualtrics International by 807.5% during the second quarter. JPMorgan Chase & Co. now owns 924,995 shares of the company’s stock worth $11,572,000 after buying an additional 1,055,739 shares in the last quarter. 21.58% of the stock is currently owned by hedge funds and other institutional investors.

Qualtrics International Stock Up 2.7 %

Shares of XM stock opened at $10.07 on Thursday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of -5.16 and a beta of 1.69. Qualtrics International Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $36.49. The firm’s 50 day moving average price is $10.71 and its two-hundred day moving average price is $11.93.

Qualtrics International (NASDAQ:XMGet Rating) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $377.53 million for the quarter, compared to analysts’ expectations of $358.55 million. Qualtrics International had a negative net margin of 80.46% and a negative return on equity of 55.14%. Qualtrics International’s revenue was up 39.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) earnings per share. On average, equities analysts forecast that Qualtrics International Inc. will post -1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XM has been the subject of a number of recent research reports. Exane BNP Paribas upgraded shares of Qualtrics International from a “neutral” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, October 3rd. Barclays lowered their target price on shares of Qualtrics International from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. Raymond James lowered their target price on shares of Qualtrics International from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, October 25th. HSBC lowered their target price on shares of Qualtrics International from $40.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, BNP Paribas upgraded shares of Qualtrics International from a “neutral” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Monday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

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.

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

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