Needham & Company LLC restated their buy rating on shares of Xactly Corporation (NASDAQ:XTLY) in a research report sent to investors on Wednesday. Needham & Company LLC currently has a $18.00 target price on the stock.
XTLY has been the topic of several other research reports. Deutsche Bank AG boosted their target price on Xactly Corporation from $17.00 to $20.00 and gave the company a buy rating in a research note on Monday, September 26th. Zacks Investment Research upgraded Xactly Corporation from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Thursday, September 15th. Oppenheimer Holdings Inc. upped their price objective on Xactly Corporation from $13.00 to $17.00 and gave the stock an outperform rating in a research note on Wednesday, September 7th. Dougherty & Co reiterated a buy rating and set a $20.00 price objective on shares of Xactly Corporation in a research note on Tuesday, September 6th. Finally, Lake Street Capital upped their price objective on Xactly Corporation from $13.00 to $16.00 and gave the stock a buy rating in a research note on Friday, September 9th. Eight research analysts have rated the stock with a buy rating, Xactly Corporation has a consensus rating of Buy and a consensus price target of $17.57.
Shares of Xactly Corporation (NASDAQ:XTLY) traded down 3.63% on Wednesday, reaching $13.80. The company had a trading volume of 46,648 shares. The firm’s market capitalization is $424.35 million. Xactly Corporation has a 52-week low of $4.68 and a 52-week high of $16.10. The company’s 50-day moving average price is $14.26 and its 200-day moving average price is $11.43.
Xactly Corporation (NASDAQ:XTLY) last released its earnings results on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm earned $24 million during the quarter, compared to the consensus estimate of $23.37 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts predict that Xactly Corporation will post ($0.43) earnings per share for the current year.
In related news, Director Carol Mills sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $12.67, for a total transaction of $316,750.00. Following the transaction, the director now directly owns 34,364 shares of the company’s stock, valued at approximately $435,391.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Cabrera sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $15.08, for a total value of $120,640.00. Following the transaction, the chief executive officer now directly owns 104,500 shares in the company, valued at $1,575,860. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently bought and sold shares of XTLY. Edge Wealth Management LLC raised its position in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock worth $248,000 after buying an additional 5,250 shares during the last quarter. American International Group Inc. raised its position in Xactly Corporation by 194.7% in the second quarter. American International Group Inc. now owns 13,145 shares of the company’s stock worth $168,000 after buying an additional 8,684 shares during the last quarter. Nationwide Fund Advisors raised its position in Xactly Corporation by 139.9% in the second quarter. Nationwide Fund Advisors now owns 14,929 shares of the company’s stock worth $191,000 after buying an additional 8,706 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in Xactly Corporation during the second quarter worth $121,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Xactly Corporation during the second quarter worth $184,000.
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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