Xactly Corporation (XTLY) Reaches New 12-Month High at $13.83
Xactly Corporation (NASDAQ:XTLY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $13.83 and last traded at $13.70, with a volume of 380,455 shares traded. The stock had previously closed at $13.36.
XTLY has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of Xactly Corporation in a research report on Tuesday, June 7th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a research report on Tuesday, June 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a research report on Monday, June 6th. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, June 10th. Finally, National Securities initiated coverage on shares of Xactly Corporation in a research report on Tuesday. They issued a “buy” rating for the company. Five research analysts have rated the stock with a buy rating, Xactly Corporation presently has a consensus rating of “Buy” and a consensus price target of $14.00.
The firm has a 50-day moving average price of $12.34 and a 200 day moving average price of $8.59. The company’s market capitalization is $420.12 million.
Xactly Corporation (NASDAQ:XTLY) last announced its quarterly earnings data on Monday, June 6th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The company earned $23.30 million during the quarter, compared to analysts’ expectations of $22.08 million. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. Equities research analysts expect that Xactly Corporation will post ($0.52) EPS for the current year.
In related news, CFO Joseph C. Consul sold 11,110 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.00, for a total value of $111,100.00. Following the completion of the transaction, the chief financial officer now directly owns 29,110 shares of the company’s stock, valued at approximately $291,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher Cabrera sold 24,500 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $11.30, for a total transaction of $276,850.00. Following the completion of the transaction, the chief executive officer now directly owns 121,000 shares of the company’s stock, valued at $1,367,300. The disclosure for this sale can be found here.
Xactly Corporation provides enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee, and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals.
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