Emerald Advisers Inc. PA Invests $3,039,000 in Xactly Corporation (XTLY)
Emerald Advisers Inc. PA purchased a new position in Xactly Corporation (NASDAQ:XTLY) during the second quarter, Holdings Channel reports. The institutional investor purchased 237,273 shares of the company’s stock, valued at approximately $3,039,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Edge Wealth Management LLC increased its position in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock worth $248,000 after buying an additional 5,250 shares during the period. Strs Ohio increased its position in Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock worth $646,000 after buying an additional 48,000 shares during the period. Essex Investment Management Co. LLC purchased a new position in Xactly Corporation during the second quarter worth about $1,112,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Xactly Corporation during the second quarter worth about $2,889,000.
Xactly Corporation (NASDAQ:XTLY) traded down 2.94% during midday trading on Friday, reaching $14.88. The company’s stock had a trading volume of 225,589 shares. The stock’s market cap is $457.56 million. Xactly Corporation has a one year low of $4.68 and a one year high of $16.10. The stock’s 50 day moving average price is $14.15 and its 200-day moving average price is $11.25.
Xactly Corporation (NASDAQ:XTLY) last released its earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm earned $24 million during the quarter, compared to analyst estimates of $23.37 million. Xactly Corporation’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts forecast that Xactly Corporation will post ($0.43) EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. National Securities assumed coverage on Xactly Corporation in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price target on the stock. Needham & Company LLC lifted their target price on Xactly Corporation from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Lake Street Capital lifted their target price on Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Dougherty & Co reiterated a “buy” rating and set a $20.00 target price on shares of Xactly Corporation in a research report on Tuesday, September 6th. Finally, Zacks Investment Research downgraded Xactly Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Eight investment analysts have rated the stock with a buy rating, Xactly Corporation has an average rating of “Buy” and an average price target of $17.57.
In related news, Director Carol Mills sold 25,000 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $12.10, for a total value of $302,500.00. Following the transaction, the director now directly owns 34,364 shares of the company’s stock, valued at approximately $415,804.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher Cabrera sold 30,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $15.00, for a total transaction of $450,000.00. Following the completion of the sale, the chief executive officer now directly owns 126,500 shares in the company, valued at $1,897,500. The disclosure for this sale can be found here.
Xactly Corporation Company Profile
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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