Shares of Xactly Corp (NASDAQ:XTLY) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.94.
A number of analysts have commented on XTLY shares. Dougherty & Co started coverage on shares of Xactly Corp in a research report on Thursday, March 9th. They set a “buy” rating and a $20.00 price target on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $17.00 price target on shares of Xactly Corp in a research report on Monday, March 13th. Finally, Zacks Investment Research raised shares of Xactly Corp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, March 14th.
In related news, CFO Joseph C. Consul sold 2,851 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $11.95, for a total value of $34,069.45. Following the sale, the chief financial officer now owns 53,633 shares in the company, valued at approximately $640,914.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher Cabrera sold 5,000 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $12.32, for a total transaction of $61,600.00. Following the completion of the sale, the chief executive officer now owns 132,064 shares in the company, valued at approximately $1,627,028.48. The disclosure for this sale can be found here. Insiders have sold 207,483 shares of company stock worth $2,453,853 in the last quarter.
Large investors have recently bought and sold shares of the company. Redmond Asset Management LLC raised its stake in Xactly Corp by 0.4% in the fourth quarter. Redmond Asset Management LLC now owns 54,982 shares of the technology company’s stock worth $605,000 after buying an additional 206 shares in the last quarter. American International Group Inc. raised 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 worth $167,000 after buying an additional 932 shares in the last quarter. Chicago Equity Partners LLC raised its stake in Xactly Corp by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 76,650 shares of the technology company’s stock worth $912,000 after buying an additional 1,160 shares in the last quarter. Teachers Advisors LLC raised its stake in Xactly Corp by 0.6% in the first quarter. Teachers Advisors LLC now owns 414,402 shares of the technology company’s stock worth $4,931,000 after buying an additional 2,349 shares in the last quarter. Finally, Royce & Associates LP raised 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 worth $357,000 after buying an additional 3,000 shares in the last quarter.
Shares of Xactly Corp (NASDAQ:XTLY) opened at 13.00 on Monday. The stock’s 50 day moving average price is $11.80 and its 200-day moving average price is $12.08. Xactly Corp has a 12 month low of $8.64 and a 12 month high of $16.10. The firm’s market capitalization is $414.38 million.
Xactly Corp (NASDAQ:XTLY) last issued its quarterly earnings results on Wednesday, March 8th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.07. The firm had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. The business’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted ($0.15) EPS. On average, equities research analysts predict that Xactly Corp will post ($0.30) EPS for the current fiscal year.
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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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