Shares of Medallia (NASDAQ:MDLA) traded up 14.5% on Friday . The stock traded as high as $32.23 and last traded at $30.08, 3,053,535 shares traded hands during mid-day trading. An increase of 193% from the average session volume of 1,042,893 shares. The stock had previously closed at $26.26.

MDLA has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Medallia in a research report on Tuesday, August 13th. They set a “buy” rating and a $45.00 price target on the stock. Wells Fargo & Co initiated coverage on shares of Medallia in a research report on Tuesday, August 13th. They set an “outperform” rating and a $45.00 price target on the stock. Oppenheimer initiated coverage on shares of Medallia in a research report on Tuesday, August 13th. They set an “outperform” rating and a $55.00 price target on the stock. Roth Capital initiated coverage on shares of Medallia in a research report on Tuesday, August 13th. They set a “buy” rating and a $52.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Medallia in a research report on Tuesday, August 13th. They set an “outperform” rating and a $55.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Medallia presently has an average rating of “Buy” and a consensus target price of $47.62.

The company’s 50 day moving average is $37.46.

Medallia (NASDAQ:MDLA) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $91.32 million. Medallia’s revenue was up 26.9% compared to the same quarter last year.

In other news, Director Borge Hald sold 1,765,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $19.53, for a total transaction of $34,470,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

About Medallia (NASDAQ:MDLA)

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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