Xactly Corporation (NASDAQ:XTLY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.83 and last traded at $13.70, with a volume of 380,455 shares. The stock had previously closed at $13.36.

A number of equities analysts have recently issued reports on the company. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Xactly Corporation in a research report on Tuesday, June 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Xactly Corporation in a research report on Monday, June 6th. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, June 10th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of Xactly Corporation in a research report on Tuesday, June 7th. Finally, National Securities initiated coverage on Xactly Corporation in a research note on Tuesday. They set a “buy” rating and a $17.00 target price for the company. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $15.00.

The company’s market cap is $425.69 million. The stock’s 50-day moving average is $12.48 and its 200 day moving average is $8.68.

Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings results on Monday, June 6th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.06. The company earned $23.30 million during the quarter, compared to analysts’ expectations of $22.08 million. The business’s quarterly revenue was up 30.9% on a year-over-year basis. Equities analysts forecast that Xactly Corporation will post ($0.52) EPS for the current year.

In other news, CFO Joseph C. Consul sold 11,110 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carol Mills sold 30,000 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $11.12, for a total value of $333,600.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $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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