Xactly Corporation (NASDAQ:XTLY) shares saw unusually-strong trading volume on Monday . Approximately 351,386 shares changed hands during trading, an increase of 27% from the previous session’s volume of 277,052 shares.The stock last traded at $13.55 and had previously closed at $13.44.

Several analysts have recently weighed in on XTLY shares. National Securities started coverage on shares of Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 target price on the stock. Zacks Investment Research downgraded shares of Xactly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Xactly Corporation currently has a consensus rating of “Buy” and an average price target of $15.00.

The stock’s 50-day moving average is $12.78 and its 200 day moving average is $9.10. The stock’s market capitalization is $402.50 million.

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

In related news, COO L Evan Ellis, Jr. sold 24,500 shares of Xactly Corporation stock in a transaction 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 sale, the chief operating officer now owns 242,282 shares of the company’s stock, valued at approximately $2,907,384. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph C. Consul sold 11,110 shares of Xactly Corporation stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $10.00, for a total transaction of $111,100.00. Following the completion of the sale, 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.

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