Northpointe Capital LLC lowered its stake in shares of Xactly Corporation (NASDAQ:XTLY) by 47.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,241 shares of the company’s stock after selling 155,341 shares during the period. Northpointe Capital LLC’s holdings in Xactly Corporation were worth $2,219,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new stake in shares of Xactly Corporation during the second quarter valued at about $1,112,000. Strs Ohio boosted its stake in shares of Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock valued at $646,000 after buying an additional 48,000 shares during the last quarter. Finally, Edge Wealth Management LLC boosted its stake in shares of Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock valued at $248,000 after buying an additional 5,250 shares during the last quarter.
Shares of Xactly Corporation (NASDAQ:XTLY) traded down 0.97% during trading on Thursday, reaching $15.33. The company had a trading volume of 249,698 shares. The company’s market cap is $471.40 million. The firm has a 50-day moving average of $14.05 and a 200-day moving average of $11.16. Xactly Corporation has a 12-month low of $4.68 and a 12-month high of $16.10.
Xactly Corporation (NASDAQ:XTLY) last posted its earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The firm earned $24 million during the quarter, compared to the consensus estimate of $23.37 million. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts anticipate that Xactly Corporation will post ($0.43) EPS for the current year.
Several brokerages have issued reports on XTLY. Needham & Company LLC upped their price objective on Xactly Corporation from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Lake Street Capital upped their target price on Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, September 9th. Deutsche Bank AG upped their target price on Xactly Corporation from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, September 9th. Dougherty & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Xactly Corporation in a report on Tuesday, September 6th. Finally, Oppenheimer Holdings Inc. upped their target price on Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $17.57.
In other news, COO L Evan Ellis, Jr. sold 3,000 shares of Xactly Corporation stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $13.00, for a total value of $39,000.00. Following the completion of the transaction, the chief operating officer now owns 220,782 shares in the company, valued at $2,870,166. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Cabrera sold 30,000 shares of Xactly Corporation stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.00, for a total transaction of $450,000.00. Following the completion of the transaction, the chief executive officer now owns 126,500 shares of the company’s stock, valued at approximately $1,897,500. The disclosure for this sale can be found here.
Xactly Corporation 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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