L Evan Ellis, Jr. Sells 4,500 Shares of Xactly Corporation (XTLY) Stock
Xactly Corporation (NASDAQ:XTLY) COO L Evan Ellis, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $14.00, for a total value of $63,000.00. Following the transaction, the chief operating officer now owns 222,282 shares of the company’s stock, valued at approximately $3,111,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Xactly Corporation (NASDAQ:XTLY) traded up 3.90% during trading on Friday, reaching $14.65. 271,252 shares of the company were exchanged. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10. The firm has a 50-day moving average price of $13.53 and a 200-day moving average price of $12.44. The stock’s market capitalization is $450.49 million.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings data 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% on a year-over-year basis. Equities research analysts predict that Xactly Corporation will post ($0.43) earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Murphy Michael R increased its stake in Xactly Corporation by 4,959.3% in the second quarter. Murphy Michael R now owns 970,172 shares of the company’s stock worth $12,428,000 after buying an additional 950,996 shares during the last quarter. Teachers Advisors Inc. increased its stake in Xactly Corporation by 4,778.1% in the second quarter. Teachers Advisors Inc. now owns 412,543 shares of the company’s stock worth $5,285,000 after buying an additional 404,086 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Xactly Corporation by 195.2% in the second quarter. BlackRock Fund Advisors now owns 591,124 shares of the company’s stock valued at $7,572,000 after buying an additional 390,901 shares during the period. JPMorgan Chase & Co. boosted its stake in Xactly Corporation by 59.5% in the second quarter. JPMorgan Chase & Co. now owns 871,550 shares of the company’s stock valued at $11,165,000 after buying an additional 325,216 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Xactly Corporation during the second quarter valued at $3,850,000.
XTLY has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Xactly Corporation in a research report on Wednesday, October 12th. Deutsche Bank AG boosted their target price on Xactly Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, September 26th. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, September 15th. Lake Street Capital lifted their price target on shares of Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of Xactly Corporation in a research note on Tuesday, September 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.57.
Xactly Corporation Company Profile
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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