John J. Shields Sells 1,000 Shares of Exa Corp. (EXA) Stock
Exa Corp. (NASDAQ:EXA) Director John J. Shields sold 1,000 shares of Exa Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $16.03, for a total value of $16,030.00. Following the transaction, the director now owns 61,078 shares in the company, valued at approximately $979,080.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Exa Corp. (NASDAQ:EXA) opened at 16.10 on Wednesday. The company has a 50-day moving average of $15.67 and a 200 day moving average of $13.97. Exa Corp. has a one year low of $9.05 and a one year high of $16.74. The stock’s market capitalization is $238.60 million.
Exa Corp. (NASDAQ:EXA) last released its quarterly earnings data on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm earned $17.10 million during the quarter. Exa Corp. had a negative return on equity of 19.36% and a negative net margin of 4.84%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. Equities research analysts forecast that Exa Corp. will post ($0.07) earnings per share for the current fiscal year.
Several research analysts have recently commented on EXA shares. Zacks Investment Research lowered Exa Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Needham & Company LLC lifted their price target on Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Finally, Canaccord Genuity lifted their price target on Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. acquired a new position in Exa Corp. during the second quarter valued at about $115,000. Nationwide Fund Advisors acquired a new position in Exa Corp. during the second quarter valued at about $127,000. Metropolitan Life Insurance Co. NY acquired a new position in Exa Corp. during the second quarter valued at about $156,000. BB&T Corp acquired a new position in Exa Corp. during the second quarter valued at about $159,000. Finally, TFS Capital LLC boosted its position in Exa Corp. by 16.1% in the second quarter. TFS Capital LLC now owns 17,100 shares of the company’s stock valued at $247,000 after buying an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Exa Corp. Company Profile
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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