Brokerages Set Xactly Corp (XTLY) Target Price at $16.66

Shares of Xactly Corp (NASDAQ:XTLY) have been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.42.

Several research analysts have recently commented on the stock. First Analysis lowered shares of Xactly Corp from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Xactly Corp in a report on Friday, May 19th. Needham & Company LLC lowered shares of Xactly Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. BidaskClub lowered shares of Xactly Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Craig Hallum downgraded shares of Xactly Corp from a “buy” rating to a “hold” rating and dropped their price target for the stock from $16.50 to $15.65 in a research report on Tuesday, May 30th.

In other news, Director Gerald S. Casilli sold 265,543 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $15.55, for a total transaction of $4,129,193.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Joseph C. Consul sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $15.60, for a total transaction of $51,994.80. Following the sale, the chief financial officer now owns 57,826 shares in the company, valued at approximately $902,085.60. The disclosure for this sale can be found here. Insiders sold a total of 423,351 shares of company stock worth $6,386,826 over the last quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in Xactly Corp during the fourth quarter valued at approximately $137,000. Tocqueville Asset Management L.P. acquired a new stake in Xactly Corp during the first quarter valued at approximately $166,000. American International Group Inc. increased 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 in the last quarter. Virtu Financial LLC acquired a new stake in Xactly Corp during the second quarter valued at approximately $240,000. Finally, Russell Investments Group Ltd. acquired a new stake in Xactly Corp during the fourth quarter valued at approximately $188,000.

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Shares of Xactly Corp (NASDAQ:XTLY) remained flat at $15.60 during midday trading on Monday. The company had a trading volume of 37,649 shares. The firm’s 50-day moving average price is $15.63 and its 200 day moving average price is $12.91. The firm’s market capitalization is $501.38 million. Xactly Corp has a 12-month low of $10.60 and a 12-month high of $16.10.

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.

Analyst Recommendations for Xactly Corp (NASDAQ:XTLY)

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