The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Qualtrics International Inc. shares valued at $2,010,718 were purchased by SLTA VI (GP), L.L.C. on Mar 11. At $27.90 per share, SLTA VI (GP), L.L.C. acquired 72,075 shares. The insider’s holdings grew to 2,286,624 shares worth approximately $28.65 million following the completion of this transaction.
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Also, SLTA VI (GP), L.L.C. purchased 100,497 shares, netting a total of over 2,866,044 in proceeds. Following the buying of shares at $28.52 each, the insider now holds 2,219,883 shares.
Before that, SLTA VI (GP), L.L.C. had added 8,443 shares to its account. In a trade valued at $242,773, the Director bought Qualtrics International Inc. shares for $28.75 each. Upon closing the transaction, the insider’s holdings increased to 8,443 shares, worth approximately $26.65 million.
Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of January 19, 2022, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for XM. Earlier on December 16, 2021, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for XM stock which previously was a “an Equal-weight”.
Analyzing XM’s Price Performance
On Thursday, Qualtrics International Inc. [NASDAQ: XM] plunged -0.95% to $12.53. The stock’s lowest price that day was $12.31, but it reached a high of $12.84 in the same session. During the last five days, there has been a drop of approximately -4.42%. Over the course of the year, Qualtrics International Inc. shares have dropped approximately -64.60%. Shares of the company reached a 52-week high of $35.89 on 01/03/22 and a 52-week low of $11.33 on 06/16/22. A 50-day SMA is recorded $13.21, while a 200-day SMA reached $25.85. Nevertheless, trading volume fell to 1.45 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Qualtrics International Inc. (XM)
According to the 24-hour chart, there is a support level at 12.28, which, if violated, would cause prices to drop to 12.03. In the upper region, resistance lies at 12.81. The next price resistance is at 13.09. RSI (Relative Strength Index) is 45.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 65.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Qualtrics International Inc. subject to short interest?
Stocks of Qualtrics International Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.15 million shares to 5.09 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.94 million shares. A jump of 22.59% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.49 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.49.
Which companies own the most shares of Qualtrics International Inc. (XM)?
According to Tiger Global Management LLC filings, the company currently owns 8,173,193 shares, which is about 5.14% of the total XM shares outstanding. The investor’s shares have plunged by -2,387 from its previous 13-F filing of 8175580.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $92,894,331. Fidelity Management & Research Co reduced a -9.11% interest valued at $81.02 million while Alkeon Capital Management LLC purchased a 805,650 stake. A total of -507,640 shares of Qualtrics International Inc. were bought by Holocene Advisors, LP during the quarter, and 798,977 were bought by Wellington Management Co. LLP. In its current portfolio, Goldman Sachs Asset Management LP holds 3,537,339 shares valued at $44.25 million.
In terms of Qualtrics International Inc. share price expectations, FactSet research, analysts set an average price target of $19.25 in the next 12 months, up nearly 46.25% from the previous closing price of $12.65. Analysts anticipate Qualtrics International Inc. stock to reach $28.00 by 2022, with the lowest price target being $14.50. In spite of this, 19 analysts ranked Qualtrics International Inc. stock as a Buy at the end of 2022. On December 13, 2021, Goldman assigned a price target of “a Buy” to the stock and initiated coverage with a $53.