Insider Selling: Xactly Corporation (XTLY) CFO Sells 7,142 Shares of Stock
Xactly Corporation (NASDAQ:XTLY) CFO Joseph C. Consul sold 7,142 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $13.95, for a total value of $99,630.90. Following the completion of the transaction, the chief financial officer now directly owns 25,142 shares in the company, valued at approximately $350,730.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Xactly Corporation (NASDAQ:XTLY) traded up 3.90% during trading on Friday, hitting $14.65. 271,252 shares of the stock traded hands. The company’s market capitalization is $450.49 million. Xactly Corporation has a one year low of $4.68 and a one year high of $16.10. The company’s 50 day moving average is $13.53 and its 200 day moving average is $12.44.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly 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 company had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. Xactly Corporation’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities analysts forecast that Xactly Corporation will post ($0.43) EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in XTLY. Edge Wealth Management LLC boosted its stake in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock valued at $248,000 after buying an additional 5,250 shares during the period. Strs Ohio raised its position 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 in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Xactly Corporation during the second quarter valued at $1,112,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Xactly Corporation during the second quarter valued at $2,889,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Xactly Corporation during the second quarter valued at $3,039,000.
Several research analysts have issued reports on XTLY shares. Zacks Investment Research raised Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, September 15th. Deutsche Bank AG lifted their price objective on shares of Xactly Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. National Securities initiated coverage on shares of Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 price objective on the stock. Dougherty & Co reiterated a “buy” rating and set a $20.00 price objective on shares of Xactly Corporation in a research report on Tuesday, September 6th. Finally, 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently 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.
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