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.

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

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.

5 Day Chart for NASDAQ:XTLY

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