Xactly Corporation (NASDAQ:XTLY) hit a new 52-week high on Thursday . The company traded as high as $14.68 and last traded at $14.40, with a volume of 305,653 shares changing hands. The stock had previously closed at $13.93.

A number of equities research analysts have weighed in on XTLY shares. 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. Zacks Investment Research raised 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. 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 set a $15.00 price objective (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 given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.00.

The stock’s market cap is $430.06 million. The firm’s 50 day moving average is $13.15 and its 200-day moving average is $9.71.

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

In other Xactly Corporation news, CFO Joseph C. Consul sold 11,110 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $11.00, for a total transaction of $122,210.00. Following the sale, the chief financial officer now owns 29,110 shares of the company’s stock, valued at approximately $320,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher Cabrera sold 8,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $14.01, for a total transaction of $112,080.00. Following the sale, the chief executive officer now directly owns 104,500 shares in the company, valued at approximately $1,464,045. 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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