First Analysis initiated coverage on shares of Xactly Corporation (NASDAQ:XTLY) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating on the stock.

XTLY has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Xactly Corporation in a report on Wednesday, October 12th. Zacks Investment Research downgraded Xactly Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Oppenheimer Holdings Inc. lifted their price target on Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Lake Street Capital lifted their price target on Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, September 9th. Finally, Dougherty & Co reiterated a “buy” rating and set a $20.00 price target on shares of Xactly Corporation in a report on Tuesday, September 6th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.57.

Analyst Recommendations for Xactly Corporation (NASDAQ:XTLY)

Xactly Corporation (NASDAQ:XTLY) traded up 0.71% during trading on Wednesday, hitting $14.10. The stock had a trading volume of 249,861 shares. The firm’s 50 day moving average is $13.32 and its 200 day moving average is $12.80. The firm’s market cap is $433.58 million. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10.

Xactly Corporation (NASDAQ:XTLY) last issued its earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company earned $24 million during the quarter, compared to analyst estimates of $23.37 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts anticipate that Xactly Corporation will post ($0.43) earnings per share for the current year.

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In other Xactly Corporation news, CEO Christopher Cabrera sold 30,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.00, for a total value of $450,000.00. Following the completion of the sale, the chief executive officer now owns 126,500 shares of the company’s stock, valued at $1,897,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph C. Consul sold 7,142 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.95, for a total value of $99,630.90. Following the completion of the sale, the chief financial officer now directly owns 25,142 shares of the company’s stock, valued at approximately $350,730.90. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. Murphy Michael R boosted its stake in shares of 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 in the last quarter. Teachers Advisors Inc. boosted its stake in shares of 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 in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Xactly Corporation by 195.2% in the second quarter. BlackRock Fund Advisors now owns 591,124 shares of the company’s stock worth $7,572,000 after buying an additional 390,901 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xactly Corporation by 59.5% in the second quarter. JPMorgan Chase & Co. now owns 871,550 shares of the company’s stock worth $11,165,000 after buying an additional 325,216 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Xactly Corporation during the second quarter worth $3,850,000.

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.

5 Day Chart for NASDAQ:XTLY

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