Xactly Corporation (XTLY) Sees Strong Trading Volume
Xactly Corporation (NASDAQ:XTLY) shares saw unusually-high trading volume on Friday . Approximately 317,519 shares were traded during 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.
XTLY has been the topic of several research reports. 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 lowered shares of Xactly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. 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 report on Tuesday, June 7th. Finally, National Securities started coverage on shares of Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.00.
The firm’s market cap is $443.47 million. The firm has a 50 day moving average price of $13.25 and a 200-day moving average price of $9.78.
In other Xactly Corporation news, CFO Joseph C. Consul sold 11,110 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $11.00, for a total value 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 SEC, which is available through this hyperlink. Also, Director Carol Mills sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $14.21, for a total transaction of $355,250.00. Following the completion of the sale, the director now directly owns 34,364 shares in the company, valued at approximately $488,312.44. 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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