Xactly Corporation (NASDAQ:XTLY) CFO Joseph C. Consul sold 25,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the transaction, the chief financial officer now owns 43,000 shares of the company’s stock, valued at $645,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Xactly Corporation (NASDAQ:XTLY) opened at 14.88 on Monday. Xactly Corporation has a 12-month low of $4.68 and a 12-month high of $16.10. The stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $11.25. The company’s market cap is $457.56 million.
Xactly Corporation (NASDAQ:XTLY) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. The business had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The business’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts anticipate that Xactly Corporation will post ($0.43) EPS for the current year.
Several equities analysts have recently issued reports on XTLY shares. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, September 15th. Deutsche Bank AG boosted their target price on Xactly Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Dougherty & Co restated a “buy” rating and set a $20.00 target price on shares of Xactly Corporation in a research report on Tuesday, September 6th. National Securities started coverage on Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 target price for the company. Finally, Lake Street Capital boosted their target price on Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Eight analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $17.57.
Hedge funds have recently made changes to their positions in the company. Murphy Michael R increased its stake in shares of Xactly Corporation by 4,959.3% in the second quarter. Murphy Michael R now owns 970,172 shares of the company’s stock valued at $12,428,000 after buying an additional 950,996 shares in the last quarter. Teachers Advisors Inc. increased its position in Xactly Corporation by 4,778.1% in the second quarter. Teachers Advisors Inc. now owns 412,543 shares of the company’s stock valued at $5,285,000 after buying an additional 404,086 shares in the last quarter. BlackRock Fund Advisors increased its position in Xactly Corporation by 195.2% in the second quarter. BlackRock Fund Advisors now owns 591,124 shares of the company’s stock valued at $7,572,000 after buying an additional 390,901 shares in the last quarter. JPMorgan Chase & Co. increased its position in Xactly Corporation by 59.5% in the second quarter. JPMorgan Chase & Co. now owns 871,550 shares of the company’s stock valued at $11,165,000 after buying an additional 325,216 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Xactly Corporation during the second quarter valued at approximately $3,850,000.
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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