Xactly Corporation (NASDAQ:XTLY) CFO Joseph C. Consul sold 25,000 shares of Xactly Corporation stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 43,000 shares in the company, valued at approximately $645,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Xactly Corporation (NASDAQ:XTLY) opened at 15.73 on Wednesday. Xactly Corporation has a 52 week low of $4.68 and a 52 week high of $16.10. The firm’s 50 day moving average is $13.99 and its 200-day moving average is $11.13. The firm’s market cap is $483.70 million.

Xactly Corporation (NASDAQ:XTLY) last announced its earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $24 million for the quarter, compared to analyst estimates of $23.37 million. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities research analysts predict that Xactly Corporation will post ($0.43) EPS for the current year.

Insider Buying and Selling by Quarter for Xactly Corporation (NASDAQ:XTLY)

Institutional investors have recently made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new position in shares of Xactly Corporation during the second quarter worth about $121,000. American International Group Inc. raised its position in shares of 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. Thompson Davis & CO. Inc. bought a new position in shares of Xactly Corporation during the second quarter worth about $184,000. Nationwide Fund Advisors raised its position in shares of 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. Finally, KCG Holdings Inc. bought a new position in shares of Xactly Corporation during the second quarter worth about $193,000.

Several equities analysts have weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Xactly Corporation from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a research report on Tuesday, June 7th. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday, June 10th. Lake Street Capital lifted their price objective on shares of Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Finally, Deutsche Bank AG lifted their price objective on shares of Xactly Corporation from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Eight equities research analysts have rated the stock with a buy rating, Xactly Corporation has an average rating of “Buy” and a consensus price target of $17.57.

About Xactly Corporation

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.

5 Day Chart for NASDAQ:XTLY

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