Xactly Corporation (NASDAQ:XTLY) shares were up 3.1% on Monday . The stock traded as high as $12.94 and last traded at $12.80, with a volume of 255,955 shares. The stock had previously closed at $12.42.

Several research analysts recently weighed in on XTLY shares. National Securities initiated coverage on shares of Xactly Corporation in a report on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, June 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective (up previously from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

The company’s market capitalization is $434.43 million. The company’s 50-day moving average is $12.41 and its 200-day moving average is $8.64.

Xactly Corporation (NASDAQ:XTLY) last issued its earnings results on Monday, June 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The business had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $22.08 million. Xactly Corporation’s revenue was up 30.9% compared to the same quarter last year. On average, analysts forecast 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 the firm’s stock in a transaction 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 $166,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joseph C. Consul sold 11,110 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $10.00, for a total transaction of $111,100.00. Following the transaction, the chief financial officer now directly owns 29,110 shares of the company’s stock, valued at approximately $291,100. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.