Xactly Corporation (NASDAQ:XTLY)’s share price shot up 2.9% during mid-day 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 brokerages have issued reports on XTLY. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Xactly Corporation in a research note on Tuesday, June 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Xactly Corporation in a research note on Monday, June 6th. 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 note on Friday, June 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Xactly Corporation in a research note on Tuesday, June 7th.

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

Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings data on Monday, June 6th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.06. The company had revenue of $23.30 million for the quarter, compared to analyst estimates of $22.08 million. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. On average, equities research analysts anticipate that Xactly Corporation will post ($0.52) earnings per share for the current year.

In other news, COO L Evan Ellis, Jr. sold 24,500 shares of Xactly Corporation stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $12.00, for a total value of $294,000.00. Following the completion of the transaction, the chief operating officer now owns 242,282 shares in the company, valued at $2,907,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Mills sold 30,000 shares of Xactly Corporation stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $11.12, for a total transaction of $333,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $166,800. 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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