Xactly Corporation (NASDAQ:XTLY)’s share price fell 3.6% during trading on Friday . The stock traded as low as $13.40 and last traded at $13.47, with a volume of 116,520 shares trading hands. The stock had previously closed at $13.97.

Several research firms recently commented on XTLY. Zacks Investment Research lowered Xactly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. National Securities began coverage on Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 target price on the stock. 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 issued a $15.00 target price (up previously from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Xactly Corporation has a consensus rating of “Buy” and a consensus target price of $15.00.

The stock’s market cap is $404.91 million. The stock has a 50-day moving average of $12.72 and a 200 day moving average of $8.97.

Xactly Corporation (NASDAQ:XTLY) last announced its quarterly earnings data on Monday, June 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The company 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% on a year-over-year basis. On average, equities research analysts forecast that Xactly Corporation will post ($0.52) EPS for the current year.

In other news, Director Carol Mills sold 30,000 shares of the business’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 sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $166,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO L Evan Ellis, Jr. sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $13.00, for a total transaction of $39,000.00. Following the sale, the chief operating officer now directly owns 220,782 shares of the company’s stock, valued at $2,870,166. 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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