Xactly Corp (NASDAQ:XTLY) Director Gerald S. Casilli sold 120,150 shares of Xactly Corp stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $11.74, for a total transaction of $1,410,561.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Xactly Corp (NASDAQ:XTLY) traded down 2.43% during midday trading on Monday, reaching $12.05. The company’s stock had a trading volume of 46,520 shares. The firm’s market capitalization is $379.80 million. The firm has a 50 day moving average price of $12.08 and a 200 day moving average price of $12.80. Xactly Corp has a 1-year low of $5.76 and a 1-year high of $16.10.
Xactly Corp (NASDAQ:XTLY) last announced its quarterly earnings results on Wednesday, March 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. The firm had revenue of $24.30 million for the quarter, compared to analyst estimates of $24.01 million. During the same period last year, the firm posted ($0.15) EPS. The business’s revenue was up 17.4% compared to the same quarter last year. On average, analysts predict that Xactly Corp will post ($0.30) EPS for the current year.
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Large investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in shares of Xactly Corp by 169.5% in the third quarter. Citadel Advisors LLC now owns 136,337 shares of the company’s stock worth $2,007,000 after buying an additional 85,753 shares in the last quarter. SECOR Capital Advisors LP bought a new stake in shares of Xactly Corp during the third quarter worth $1,782,000. G2 Investment Partners Management LLC bought a new stake in shares of Xactly Corp during the third quarter worth $1,001,000. Pembroke Management LTD bought a new stake in shares of Xactly Corp during the third quarter worth $4,006,000. Finally, Emerald Advisers Inc. PA boosted its stake in shares of Xactly Corp by 124.3% in the third quarter. Emerald Advisers Inc. PA now owns 532,164 shares of the company’s stock worth $7,833,000 after buying an additional 294,891 shares in the last quarter.
A number of equities analysts have commented on the stock. Dougherty & Co assumed coverage on shares of Xactly Corp in a report on Thursday, March 9th. They issued a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research downgraded shares of Xactly Corp from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Xactly Corp in a report on Monday, March 13th. Craig Hallum assumed coverage on shares of Xactly Corp in a report on Wednesday, January 18th. They issued a “buy” rating and a $16.50 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Xactly Corp in a report on Friday, December 9th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.39.
About Xactly Corp
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.
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