Xactly Corporation (XTLY) Shares Up 1.6%
Shares of Xactly Corporation (NASDAQ:XTLY) shot up 1.6% during trading on Friday . The company traded as high as $13.51 and last traded at $13.11, with a volume of 309,134 shares. The stock had previously closed at $12.90.
A number of brokerages have recently commented on XTLY. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of Xactly Corporation in a research note on Tuesday, June 7th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Xactly Corporation in a research note on Tuesday, June 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Xactly Corporation in a research note on Monday, June 6th. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, June 10th. Finally, National Securities began coverage on Xactly Corporation in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Xactly Corporation presently has an average rating of “Buy” and a consensus price target of $15.00.
The firm’s market cap is $396.77 million. The stock has a 50-day moving average price of $13.05 and a 200 day moving average price of $9.49.
Xactly Corporation (NASDAQ:XTLY) last announced its quarterly earnings results on Monday, June 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ 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. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. Analysts forecast that Xactly Corporation will post ($0.52) EPS for the current fiscal year.
In other news, CEO Christopher Cabrera sold 8,000 shares of Xactly Corporation stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $14.01, for a total transaction of $112,080.00. Following the sale, the chief executive officer now owns 104,500 shares in the company, valued at $1,464,045. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carol Mills sold 30,000 shares of Xactly Corporation stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $11.12, for a total value of $333,600.00. Following the sale, the director now owns 15,000 shares in the company, 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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