Renaissance Technologies LLC reduced its stake in shares of Xactly Corp (NASDAQ:XTLY) by 10.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 259,700 shares of the technology company’s stock after selling 31,600 shares during the period. Renaissance Technologies LLC’s holdings in Xactly Corp were worth $3,090,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in XTLY. Tocqueville Asset Management L.P. purchased a new stake in Xactly Corp during the first quarter valued at approximately $166,000. American International Group Inc. boosted its stake in Xactly Corp by 7.1% in the first quarter. American International Group Inc. now owns 14,062 shares of the technology company’s stock valued at $167,000 after buying an additional 932 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Xactly Corp during the fourth quarter valued at approximately $188,000. Trexquant Investment LP boosted its stake in Xactly Corp by 98.1% in the first quarter. Trexquant Investment LP now owns 24,614 shares of the technology company’s stock valued at $293,000 after buying an additional 12,190 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Xactly Corp by 11.1% in the first quarter. Royce & Associates LP now owns 30,000 shares of the technology company’s stock valued at $357,000 after buying an additional 3,000 shares during the last quarter.

Xactly Corp (NASDAQ XTLY) traded up 0.26% on Friday, hitting $15.65. The company had a trading volume of 855,051 shares. The stock has a 50 day moving average of $15.63 and a 200-day moving average of $13.37. Xactly Corp has a one year low of $10.60 and a one year high of $16.10.

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Several equities research analysts have commented on the company. First Analysis restated an “equal weight” rating and issued a $19.00 target price on shares of Xactly Corp in a research note on Wednesday, May 31st. Needham & Company LLC cut Xactly Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $17.00 target price on shares of Xactly Corp in a research note on Friday, May 19th. BidaskClub cut Xactly Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG cut Xactly Corp from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $15.65 in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.55.

In related news, CFO Joseph C. Consul sold 3,334 shares of Xactly Corp stock in a transaction on Monday, June 12th. The stock was sold at an average price of $15.68, for a total transaction of $52,277.12. Following the sale, the chief financial officer now directly owns 57,827 shares in the company, valued at $906,727.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Cabrera sold 12,000 shares of Xactly Corp stock in a transaction on Monday, May 15th. The stock was sold at an average price of $12.52, for a total value of $150,240.00. Following the sale, the chief executive officer now owns 143,905 shares in the company, valued at $1,801,690.60. The disclosure for this sale can be found here. Insiders have sold 393,352 shares of company stock worth $6,062,121 over the last quarter.

Xactly Corp 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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Institutional Ownership by Quarter for Xactly Corp (NASDAQ:XTLY)

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