Raymond James Lists Key Takeaways From Qualtrics' Proxy Filing

Qualtrics International Inc's XM April 15 proxy filing also disclosed new ACV and retention metrics pertinent to investors, Raymond James observed.
Qualtrics added $365.1 million in new software ACV billings in 2021, effectively aligning with the target performance level of $365.0 million.
Total research services billing of $160.1 million also were effectively in-line with the target performance level of $160.0 million.
The global subscription renewal rate equaled 90.8% in 2021, beating the target performance rate of 89% and at the high-end range of 89-91%.
The gross retention levels came in 180 bps better than the plan in 2021.
Price Action: XM shares traded lower by 3.86% at $26.29 on the last check Monday.