Xactly Corporation (XTLY) Sees Strong Trading Volume
Shares of Xactly Corporation (NASDAQ:XTLY) saw an uptick in trading volume on Monday . 351,386 shares were traded during trading, an increase of 27% from the previous session’s volume of 277,052 shares.The stock last traded at $13.55 and had previously closed at $13.44.
A number of brokerages recently commented on XTLY. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Xactly Corporation in a report on Tuesday, June 7th. Finally, National Securities initiated coverage on Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.00.
The stock has a 50-day moving average price of $12.84 and a 200-day moving average price of $9.15. The stock’s market capitalization is $401.29 million.
Xactly Corporation (NASDAQ:XTLY) last announced its earnings results on Monday, June 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The business had revenue of $23.30 million for the quarter, compared to analyst estimates of $22.08 million. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. Analysts forecast that Xactly Corporation will post ($0.52) EPS for the current year.
In related news, Director Carol Mills sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $11.12, for a total transaction of $333,600.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $166,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph C. Consul sold 11,110 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $10.00, for a total value of $111,100.00. Following the transaction, the chief financial officer now directly owns 29,110 shares in the company, valued at $291,100. 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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