Xactly Corporation (XTLY) Stock Price Down 4.9% on Insider Selling
Xactly Corporation (NASDAQ:XTLY)’s share price traded down 4.9% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $13.59 and last traded at $13.62, with a volume of 254,402 shares trading hands. The stock had previously closed at $14.32.
Specifically, Director Carol Mills sold 25,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $12.67, for a total value of $316,750.00. Following the sale, the director now directly owns 34,364 shares in the company, valued at approximately $435,391.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher Cabrera sold 8,000 shares of the business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $15.08, for a total transaction of $120,640.00. Following the completion of the sale, the chief executive officer now owns 104,500 shares in the company, valued at $1,575,860. The disclosure for this sale can be found here.
A number of analysts have recently weighed in on the stock. Lake Street Capital boosted their target price on shares of Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Deutsche Bank AG lifted their price target on shares of Xactly Corporation from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Xactly Corporation in a research note on Wednesday. Oppenheimer Holdings Inc. lifted their price target on shares of Xactly Corporation from $13.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 7th. Finally, Zacks Investment Research raised shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, September 15th. Eight analysts have rated the stock with a buy rating, Xactly Corporation presently has an average rating of “Buy” and a consensus target price of $17.57.
The company’s market capitalization is $417.89 million. The stock’s 50 day moving average is $14.26 and its 200-day moving average is $11.43.
Xactly Corporation (NASDAQ:XTLY) last issued its earnings results on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The business earned $24 million during 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 analysts anticipate that Xactly Corporation will post ($0.43) earnings per share for the current year.
Several large investors have recently modified their holdings of XTLY. Fortaleza Asset Management Inc. acquired a new stake in shares of Xactly Corporation during the second quarter worth approximately $121,000. American International Group Inc. boosted its stake in Xactly Corporation by 194.7% in the second quarter. American International Group Inc. now owns 13,145 shares of the company’s stock valued at $168,000 after buying an additional 8,684 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Xactly Corporation during the second quarter valued at about $184,000. Nationwide Fund Advisors boosted its stake in Xactly Corporation by 139.9% in the second quarter. Nationwide Fund Advisors now owns 14,929 shares of the company’s stock valued at $191,000 after buying an additional 8,706 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Xactly Corporation during the second quarter valued at about $193,000.
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.
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