Emerald Acquisition Ltd. acquired a new stake in Xactly Corporation (NASDAQ:XTLY) during the second quarter, Holdings Channel reports. The firm acquired 62,963 shares of the company’s stock, valued at approximately $807,000. Emerald Acquisition Ltd. owned 0.21% of Xactly Corporation as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Strs Ohio raised 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 period. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Xactly Corporation during the second quarter valued at $2,889,000. Essex Investment Management Co. LLC purchased a new stake in shares of Xactly Corporation during the second quarter valued at $1,112,000. Emerald Advisers Inc. PA bought a new position in shares of Xactly Corporation during the second quarter valued at approximately $3,039,000. Finally, California State Teachers Retirement System increased its position in shares of Xactly Corporation by 186.5% in the second quarter. California State Teachers Retirement System now owns 47,881 shares of the company’s stock valued at $613,000 after buying an additional 31,169 shares in the last quarter.
Shares of Xactly Corporation (NASDAQ:XTLY) traded down 3.98% during mid-day trading on Thursday, hitting $13.75. The stock had a trading volume of 213,999 shares. The company’s market cap is $422.81 million. 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 is $14.26 and its 200 day moving average is $11.43.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. The firm had revenue of $24 million for the quarter, compared to analysts’ expectations of $23.37 million. The business’s quarterly revenue was up 31.1% on a year-over-year basis. On average, equities research analysts forecast that Xactly Corporation will post ($0.43) earnings per share for the current fiscal year.
XTLY has been the subject of several analyst reports. Deutsche Bank AG raised their target price on Xactly Corporation from $17.00 to $20.00 and gave the stock 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 target price for the company in a research note on Thursday, September 15th. Oppenheimer Holdings Inc. raised their target price 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 restated a “buy” rating and issued a $20.00 target price on shares of Xactly Corporation in a research note on Tuesday, September 6th. Finally, Lake Street Capital raised their target price 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 equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $17.57.
In other news, CEO Christopher Cabrera sold 8,000 shares of Xactly Corporation stock in a transaction on Monday, September 12th. The stock was sold at an average price of $13.94, for a total value of $111,520.00. Following the transaction, the chief executive officer now directly owns 104,500 shares in the company, valued at approximately $1,456,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Mills sold 25,000 shares of Xactly Corporation stock in a transaction on Monday, August 1st. The shares were sold at an average price of $12.67, for a total value of $316,750.00. Following the completion of the transaction, the director now owns 34,364 shares in the company, valued at $435,391.88. 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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