Qualtrics International Inc. (NASDAQ:XM) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its holdings in Qualtrics International Inc. (NASDAQ:XM – Get Rating) by 7.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,873 shares of the company’s stock after buying an additional 20,819 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of Qualtrics International worth $3,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in Qualtrics International by 338.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company’s stock worth $55,000 after purchasing an additional 4,168 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Qualtrics International during the third quarter worth about $63,000. IFP Advisors Inc increased its position in Qualtrics International by 2,000.0% during the third quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock worth $97,000 after purchasing an additional 2,000 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new stake in Qualtrics International during the second quarter worth about $126,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Qualtrics International by 42.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,297 shares of the company’s stock worth $129,000 after buying an additional 3,049 shares during the period. 21.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Qualtrics International from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, January 27th. Deutsche Bank Aktiengesellschaft lowered shares of Qualtrics International from a “buy” rating to a “hold” rating and increased their target price for the stock from $14.00 to $19.00 in a research note on Wednesday, February 1st. Truist Financial lowered their target price on shares of Qualtrics International from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 24th. Piper Sandler increased their target price on shares of Qualtrics International from $16.00 to $18.15 and gave the stock an “overweight” rating in a research note on Monday. Finally, Oppenheimer increased their target price on shares of Qualtrics International from $14.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Qualtrics International has an average rating of “Moderate Buy” and an average target price of $17.45.

Insiders Place Their Bets

In other Qualtrics International news, CEO Zig Serafin sold 167,655 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $16.52, for a total transaction of $2,769,660.60. Following the sale, the chief executive officer now owns 11,758,799 shares of the company’s stock, valued at $194,255,359.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Zig Serafin sold 167,655 shares of Qualtrics International stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $16.52, for a total value of $2,769,660.60. Following the transaction, the chief executive officer now directly owns 11,758,799 shares of the company’s stock, valued at approximately $194,255,359.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Chris Beckstead sold 52,093 shares of Qualtrics International stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $16.56, for a total transaction of $862,660.08. Following the completion of the transaction, the president now directly owns 5,646,715 shares in the company, valued at $93,509,600.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 969,324 shares of company stock valued at $15,899,273. 2.80% of the stock is owned by corporate insiders.

Qualtrics International Trading Up 0.7 %

Shares of Qualtrics International stock opened at $17.38 on Wednesday. Qualtrics International Inc. has a 52-week low of $9.32 and a 52-week high of $30.95. The company has a 50 day moving average of $13.97 and a 200 day moving average of $11.79.

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