Fidelity Non-Profit Management Sells 1,200,000 Shares of Exa Corp. (EXA) Stock
Exa Corp. (NASDAQ:EXA) major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the transaction, the insider now directly owns 905,640 shares of the company’s stock, valued at $13,331,020.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Exa Corp. (NASDAQ:EXA) opened at 14.77 on Friday. Exa Corp. has a one year low of $9.05 and a one year high of $16.74. The firm’s 50-day moving average is $15.71 and its 200-day moving average is $14.01. The stock’s market capitalization is $218.89 million.
Exa Corp. (NASDAQ:EXA) last posted its earnings results on Monday, August 29th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $17.10 million for the quarter. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. On average, analysts expect that Exa Corp. will post ($0.07) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its position in Exa Corp. by 1,102.2% in the second quarter. BlackRock Fund Advisors now owns 359,403 shares of the company’s stock worth $5,193,000 after buying an additional 329,508 shares during the period. State Street Corp acquired a new position in Exa Corp. during the second quarter worth approximately $1,993,000. Vanguard Group Inc. increased its position in Exa Corp. by 40.0% in the second quarter. Vanguard Group Inc. now owns 442,599 shares of the company’s stock worth $6,396,000 after buying an additional 126,444 shares during the period. Vista Equity Partners Management LLC increased its position in Exa Corp. by 15.3% in the second quarter. Vista Equity Partners Management LLC now owns 470,302 shares of the company’s stock worth $6,796,000 after buying an additional 62,385 shares during the period. Finally, BlackRock Investment Management LLC increased its position in Exa Corp. by 2,287.0% in the second quarter. BlackRock Investment Management LLC now owns 51,845 shares of the company’s stock worth $749,000 after buying an additional 49,673 shares during the period. 75.59% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on EXA shares. Needham & Company LLC boosted their price objective on shares of Exa Corp. from $15.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, August 30th. Zacks Investment Research cut shares of Exa Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Canaccord Genuity boosted their price objective on shares of Exa Corp. from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 30th.
Exa Corp. Company Profile
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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