Raymond James Lists Key Takeaways From Qualtrics' Proxy Filing

• Qualtrics International Inc's (NASDAQ: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.