Xactly Corporation (XTLY) Sees Strong Trading Volume
Xactly Corporation (NASDAQ:XTLY) saw an uptick in trading volume on Friday . 317,519 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 303,962 shares.The stock last traded at $14.67 and had previously closed at $14.55.
Several brokerages recently issued reports on XTLY. Zacks Investment Research cut shares of Xactly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. National Securities began coverage on shares of Xactly Corporation in a research note on Tuesday, August 2nd. They set a “buy” rating and a $17.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Xactly Corporation in a research note on Tuesday, June 7th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a research note on Tuesday, June 7th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a research note on Monday, June 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.00.
The firm has a 50-day moving average of $13.25 and a 200 day moving average of $9.78. The firm’s market cap is $443.47 million.
Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings results on Monday, June 6th. The company reported ($0.09) 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 the consensus estimate of $22.08 million. The business’s quarterly revenue was up 30.9% on a year-over-year basis. On average, equities analysts forecast that Xactly Corporation will post ($0.52) earnings per share for the current fiscal year.
In other news, COO L Evan Ellis, Jr. sold 24,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,907,384. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Joseph C. Consul sold 11,110 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $11.00, for a total transaction of $122,210.00. Following the completion of the sale, the chief financial officer now owns 29,110 shares of the company’s stock, valued at approximately $320,210. The disclosure for this sale can be found here.
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
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