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.
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.
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