Exa Corp. (NASDAQ:EXA) major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the completion of the sale, the insider now owns 905,640 shares in the company, valued at approximately $13,331,020.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Exa Corp. (NASDAQ:EXA) opened at 14.77 on Friday. The stock has a 50 day moving average of $15.71 and a 200 day moving average of $14.01. The firm’s market cap is $218.89 million. Exa Corp. has a 12 month low of $9.05 and a 12 month high of $16.74.
Exa Corp. (NASDAQ:EXA) last issued its quarterly earnings data on Monday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business earned $17.10 million during the quarter. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, equities research analysts expect that Exa Corp. will post ($0.07) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. American International Group Inc. bought a new stake in shares of Exa Corp. during the second quarter valued at $115,000. Nationwide Fund Advisors acquired a new stake in Exa Corp. during the second quarter valued at approximately $127,000. Metropolitan Life Insurance Co. NY acquired a new stake in Exa Corp. during the second quarter valued at approximately $156,000. BB&T Corp acquired a new stake in Exa Corp. during the second quarter valued at approximately $159,000. Finally, TFS Capital LLC increased its stake in Exa Corp. by 16.1% in the second quarter. TFS Capital LLC now owns 17,100 shares of the company’s stock valued at $247,000 after buying an additional 2,377 shares during the period. Institutional investors and hedge funds own 75.59% of the company’s stock.
EXA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, September 1st. Canaccord Genuity raised their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Finally, Needham & Company LLC raised their price target on shares of Exa Corp. from $15.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, August 30th.
About Exa Corp.
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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