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

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

The stock’s market cap is $443.47 million. The stock has a 50-day moving average price of $13.25 and a 200-day moving average price of $9.78.

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 Zacks’ consensus estimate of ($0.15) by $0.06. The firm had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $22.08 million. Xactly Corporation’s revenue was up 30.9% compared to the same quarter last year. Analysts expect that Xactly Corporation will post ($0.52) earnings per share for the current fiscal year.

In other news, COO L Evan Ellis, Jr. sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $13.00, for a total value of $39,000.00. Following the completion of the sale, the chief operating officer now owns 220,782 shares of the company’s stock, valued at $2,870,166. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph C. Consul sold 11,110 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $11.00, for a total value of $122,210.00. Following the completion of the sale, the chief financial officer now directly owns 29,110 shares of the company’s stock, valued at approximately $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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