Qualtrics International Inc. (NASDAQ:XM – Get Rating) saw some unusual options trading on Friday. Stock traders acquired 1,727 put options on the company. This is an increase of approximately 125% compared to the typical volume of 767 put options.
Hedge Funds Weigh In On Qualtrics International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in Qualtrics International by 2,000.0% in the 3rd quarter. IFP Advisors Inc now owns 2,100 shares of the company's stock valued at $97,000 after acquiring an additional 2,000 shares in the last quarter. Apeiron RIA LLC bought a new position in Qualtrics International in the 2nd quarter valued at approximately $38,000. Global Wealth Strategies & Associates bought a new position in shares of Qualtrics International during the 4th quarter valued at $31,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Qualtrics International by 338.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company's stock valued at $55,000 after buying an additional 4,168 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Qualtrics International by 45.5% during the 1st quarter. Advisors Asset Management Inc. now owns 6,220 shares of the company's stock valued at $178,000 after buying an additional 1,946 shares during the period. 21.24% of the stock is owned by institutional investors.
Qualtrics International Trading Up 3.6 %
XM stock opened at $15.43 on Friday. The stock has a market capitalization of $9.11 billion, a PE ratio of -8.48 and a beta of 1.40. Qualtrics International has a 12-month low of $9.32 and a 12-month high of $32.81. The stock's 50 day simple moving average is $10.55 and its 200 day simple moving average is $11.12.
Analyst Ratings Changes
XM has been the subject of a number of recent research reports. StockNews.com initiated coverage on Qualtrics International in a research note on Wednesday, October 12th. They issued a "sell" rating for the company. BMO Capital Markets boosted their price target on Qualtrics International from $13.00 to $17.00 and gave the company an "outperform" rating in a report on Friday. Barclays boosted their price target on Qualtrics International from $11.00 to $15.00 and gave the company an "equal weight" rating in a report on Friday. Truist Financial reduced their price target on Qualtrics International from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Raymond James boosted their price target on Qualtrics International from $14.00 to $17.00 and gave the company an "outperform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Qualtrics International presently has an average rating of "Moderate Buy" and an average price target of $17.20.
Qualtrics International Company Profile
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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