Exa Corp. (NASDAQ:EXA) Director Wayne D. Mackie acquired 10,565 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of $14.91 per share, with a total value of $157,524.15. Following the transaction, the director now directly owns 69,723 shares of the company’s stock, valued at $1,039,569.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Exa Corp. (NASDAQ:EXA) opened at 14.77 on Monday. The stock has a 50 day moving average of $15.71 and a 200-day moving average of $14.01. Exa Corp. has a 52-week low of $9.05 and a 52-week high of $16.74. The company’s market capitalization is $218.89 million.
Exa Corp. (NASDAQ:EXA) last posted its earnings results on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The firm earned $17.10 million during the quarter. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. Exa Corp.’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) earnings per share. On average, equities analysts forecast that Exa Corp. will post ($0.07) earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its stake in Exa Corp. by 1,102.2% in the second quarter. BlackRock Fund Advisors now owns 359,403 shares of the company’s stock worth $5,193,000 after buying an additional 329,508 shares during the period. State Street Corp purchased a new stake in shares of Exa Corp. during the second quarter worth $1,993,000. Vanguard Group Inc. boosted its stake in shares of Exa Corp. by 40.0% in the second quarter. Vanguard Group Inc. now owns 442,599 shares of the company’s stock worth $6,396,000 after buying an additional 126,444 shares during the last quarter. Vista Equity Partners Management LLC boosted its stake in shares of Exa Corp. by 15.3% in the second quarter. Vista Equity Partners Management LLC now owns 470,302 shares of the company’s stock worth $6,796,000 after buying an additional 62,385 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Exa Corp. by 2,287.0% in the second quarter. BlackRock Investment Management LLC now owns 51,845 shares of the company’s stock worth $749,000 after buying an additional 49,673 shares during the last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Several research analysts have weighed in on EXA shares. Canaccord Genuity raised their price objective on shares of Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Needham & Company LLC raised their price objective on shares of Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Finally, Zacks Investment Research raised shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, September 1st.
Exa Corp. Company Profile
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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