Piper Sandler raised the price target for the Qualtrics International Inc. (NASDAQ:XM) stock to “an Overweight”. The rating was released on July 21, 2021. We previously noted in another research note published on July 21, 2021 by Loop Capital that reiterated the stock to a Hold with a price target of $39 for XM stock. The research report from Deutsche Bank has reiterated the stock to Buy, with a price target set at $45. The stock was reiterated by BofA Securities, who disclosed in a research note on July 21, 2021, to Buy and set the price objective to $47. In their research brief published May 19, 2021, BofA Securities analysts upgraded the Qualtrics International Inc. stock from Neutral to Buy with a price target of $45.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Qualtrics International Inc. (NASDAQ:XM) dipped -2.49% to close Wednesday’s market session at $36.86, lower as compared to yesterday’s close. The stock price fluctuated between $36.77 and $40.99 throughout the trading session with the volume trading being 4172611 shares, which represented a significant variation when compared to the three months average volume of 1.40 million shares. The firm’s stock price fluctuated 10.16% within the last five trades and -0.73% within the last 30 trades, which was a significant change from the beginning of this year. XM stock is trading at a margin of 1.46%, 4.98% and -0.86% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, XM deals in the Technology domain. The stock is trading -35.65 percent below its 52-week high and 25.54 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Qualtrics International Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -50.20 percent and the profit margin is -51.80 percent, and the company has reported a gross margin of 74.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $18.25 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 22.09 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 38.80 percent of Qualtrics International Inc. shares are owned by insiders, and 80.50 percent are held by financial institutions. Silver Lake Group, L.L.C., the Director at Qualtrics International Inc. (XM) has bought 23,070 shares of firm on May 17 at a price of $32.51 against the total amount of $0.75 million. In another inside trade, Silver Lake Group, L.L.C., Director of Qualtrics International Inc. (NASDAQ:XM) bought 74,520 shares of the firm on May 14 for a total worth of $2.35 million at a price of $31.49. An inside trade which took place on May 13, Director of Qualtrics International Inc. Silver Lake Group, L.L.C. bought 120,000 shares of firm against total price of $3.65 million at the cost of $30.43 per share.