Exa Corp. (EXA) Major Shareholder Fidelity Non-Profit Management Sells 1,200,000 Shares of Stock
Exa Corp. (NASDAQ:EXA) major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of Exa Corp. stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the completion of the transaction, the insider now directly owns 905,640 shares in the company, valued at $13,331,020.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Exa Corp. (NASDAQ:EXA) opened at 14.77 on Friday. The stock’s market capitalization is $218.89 million. Exa Corp. has a one year low of $9.05 and a one year high of $16.74. The stock’s 50 day moving average is $15.71 and its 200-day moving average is $14.01.
Exa Corp. (NASDAQ:EXA) last released its earnings results on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $17.10 million for the quarter. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. Exa Corp.’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Exa Corp. will post ($0.07) EPS for the current fiscal year.
EXA has been the topic of several analyst reports. Canaccord Genuity lifted their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Zacks Investment Research raised shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, September 1st. Finally, Needham & Company LLC boosted their price objective on shares of Exa Corp. from $15.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, August 30th.
A number of large investors have recently added to or reduced their stakes in EXA. BlackRock Fund Advisors raised its stake in Exa Corp. by 1,102.2% in the second quarter. BlackRock Fund Advisors now owns 359,403 shares of the company’s stock worth $5,193,000 after buying an additional 329,508 shares during the period. State Street Corp acquired a new stake in Exa Corp. during the second quarter worth about $1,993,000. Vanguard Group Inc. raised its stake in Exa Corp. by 40.0% in the second quarter. Vanguard Group Inc. now owns 442,599 shares of the company’s stock worth $6,396,000 after buying an additional 126,444 shares during the period. Vista Equity Partners Management LLC raised its stake in Exa Corp. by 15.3% in the second quarter. Vista Equity Partners Management LLC now owns 470,302 shares of the company’s stock worth $6,796,000 after buying an additional 62,385 shares during the period. Finally, BlackRock Investment Management LLC raised its stake in Exa Corp. by 2,287.0% in the second quarter. BlackRock Investment Management LLC now owns 51,845 shares of the company’s stock worth $749,000 after buying an additional 49,673 shares during the period. Institutional investors own 75.59% of the company’s stock.
About Exa Corp.
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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