Xactly Corporation (NASDAQ:XTLY) CFO Joseph C. Consul sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the transaction, the chief financial officer now owns 43,000 shares in the company, valued at $645,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Xactly Corporation (NASDAQ:XTLY) opened at 15.73 on Wednesday. Xactly Corporation has a one year low of $4.68 and a one year high of $16.10. The firm’s market capitalization is $483.70 million. The company has a 50-day moving average of $13.99 and a 200 day moving average of $11.13.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, analysts anticipate that Xactly Corporation will post ($0.43) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in XTLY. Fortaleza Asset Management Inc. purchased a new position in Xactly Corporation during the second quarter valued at approximately $121,000. American International Group Inc. raised its position in Xactly Corporation by 194.7% in the second quarter. American International Group Inc. now owns 13,145 shares of the company’s stock valued at $168,000 after buying an additional 8,684 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Xactly Corporation during the second quarter valued at approximately $184,000. Nationwide Fund Advisors raised its position in Xactly Corporation by 139.9% in the second quarter. Nationwide Fund Advisors now owns 14,929 shares of the company’s stock valued at $191,000 after buying an additional 8,706 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in Xactly Corporation during the second quarter valued at approximately $193,000.
XTLY has been the topic of a number of research reports. National Securities initiated coverage on shares of Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, June 10th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, Deutsche Bank AG increased their price objective on shares of Xactly Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, September 26th. Eight equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $17.57.
About Xactly Corporation
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
Receive News & Ratings for Xactly Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xactly Corporation and related companies with MarketBeat.com's FREE daily email newsletter.