Xactly Corporation (XTLY) Trading Up 3%
Shares of Xactly Corporation (NASDAQ:XTLY) were up 3% during trading on Wednesday . The stock traded as high as $13.33 and last traded at $13.28, with a volume of 311,514 shares trading hands. The stock had previously closed at $12.89.
Several analysts have commented on XTLY shares. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, June 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Xactly Corporation in a research note on Monday, June 6th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Xactly Corporation in a research note on Tuesday, June 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of Xactly Corporation in a research note on Tuesday, June 7th.
The stock’s market cap is $390.45 million. The stock has a 50-day moving average price of $11.69 and a 200-day moving average price of $8.18.
Xactly Corporation (NASDAQ:XTLY) last issued its quarterly earnings data on Monday, June 6th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The business earned $23.30 million during the quarter, compared to the consensus estimate of $22.08 million. Xactly Corporation’s revenue for the quarter was up 30.9% compared to the same quarter last year. Analysts predict that Xactly Corporation will post ($0.52) earnings per share for the current year.
In other news, COO L Evan Ellis, Jr. sold 10,500 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $13.00, for a total transaction of $136,500.00. Following the transaction, the chief operating officer now directly owns 228,282 shares of the company’s stock, valued at $2,967,666. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher Cabrera sold 24,500 shares of the company’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $11.30, for a total value of $276,850.00. Following the transaction, the chief executive officer now directly owns 121,000 shares in the company, valued at $1,367,300. The disclosure for this sale can be found here.
Xactly Corporation provides enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee, and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals.
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