Wayne D. Mackie Buys 10,565 Shares of Exa Corp. (EXA) Stock
Exa Corp. (NASDAQ:EXA) Director Wayne D. Mackie bought 10,565 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was bought at an average price of $14.91 per share, with a total value of $157,524.15. Following the transaction, the director now directly owns 69,723 shares in the company, valued at $1,039,569.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Exa Corp. (NASDAQ:EXA) opened at 14.91 on Tuesday. The firm’s 50-day moving average is $15.71 and its 200-day moving average is $14.03. Exa Corp. has a 1-year low of $9.05 and a 1-year high of $16.74. The stock’s market capitalization is $220.97 million.
Exa Corp. (NASDAQ:EXA) last issued its quarterly earnings data on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The company 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 firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, analysts predict that Exa Corp. will post ($0.07) earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on EXA shares. Zacks Investment Research downgraded shares of Exa Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Needham & Company LLC upped their price target 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. Finally, Canaccord Genuity upped their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 30th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors boosted its position in shares of 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 last quarter. State Street Corp bought a new position in shares of Exa Corp. during the second quarter worth about $1,993,000. Vanguard Group Inc. boosted its position in shares of 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 last quarter. Vista Equity Partners Management LLC boosted its position in shares of 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 last quarter. Finally, BlackRock Investment Management LLC boosted its position in shares of 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 last quarter. 75.59% of the stock is owned by institutional investors.
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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