Xactly Corporation (XTLY) Shares Up 1.6%
Shares of Xactly Corporation (NASDAQ:XTLY) shot up 1.6% during mid-day trading on Friday . The company traded as high as $13.51 and last traded at $13.11, with a volume of 309,134 shares changing hands. The stock had previously closed at $12.90.
A number of research firms have recently issued reports on XTLY. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, National Securities began coverage on shares of Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Xactly Corporation presently has an average rating of “Buy” and a consensus price target of $15.00.
The stock’s market capitalization is $396.77 million. The firm’s 50-day moving average is $13.05 and its 200-day moving average is $9.49.
Xactly Corporation (NASDAQ:XTLY) last announced its earnings results on Monday, June 6th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The company earned $23.30 million during the quarter, compared to the consensus estimate of $22.08 million. The company’s revenue was up 30.9% compared to the same quarter last year. Equities analysts anticipate that Xactly Corporation will post ($0.52) EPS for the current fiscal year.
In related news, Director Carol Mills sold 30,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 15,000 shares in the company, valued at $166,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph C. Consul sold 11,110 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.00, for a total value of $111,100.00. Following the completion of the sale, the chief financial officer now owns 29,110 shares in the company, valued at $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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