Xactly Corporation (NASDAQ:XTLY) shares were up 2.9% during trading on Friday . The company traded as high as $12.21 and last traded at $12.20, with a volume of 74,227 shares changing hands. The stock had previously closed at $11.86.

A number of research analysts have commented on XTLY shares. Zacks Investment Research raised Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, June 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th.

The firm has a 50-day moving average price of $12.09 and a 200-day moving average price of $8.37. The stock’s market cap is $366.34 million.

Xactly Corporation (NASDAQ:XTLY) last issued its quarterly earnings data on Monday, June 6th. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.06. The firm had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $22.08 million. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. Analysts expect that Xactly Corporation will post ($0.52) earnings per share for the current fiscal year.

In related news, Director Carol Mills sold 30,000 shares of Xactly Corporation stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $11.12, for a total value of $333,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $166,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher Cabrera sold 24,500 shares of Xactly Corporation stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $11.30, for a total value of $276,850.00. Following the completion of the transaction, the chief executive officer now owns 121,000 shares of the company’s stock, valued at approximately $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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