$26.74 Million in Sales Expected for Xactly Corp (NASDAQ:XTLY) This Quarter
Equities research analysts predict that Xactly Corp (NASDAQ:XTLY) will announce $26.74 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Xactly Corp’s earnings, with the highest sales estimate coming in at $26.97 million and the lowest estimate coming in at $26.43 million. Xactly Corp posted sales of $23.96 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.6%. The business is scheduled to report its next quarterly earnings report on Thursday, September 14th.
On average, analysts expect that Xactly Corp will report full-year sales of $26.74 million for the current financial year, with estimates ranging from $109.26 million to $113.13 million. For the next year, analysts forecast that the business will post sales of $134.44 million per share, with estimates ranging from $127.13 million to $140.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Xactly Corp.
Several equities research analysts recently issued reports on the company. First Analysis downgraded Xactly Corp from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $17.00 price objective on shares of Xactly Corp in a research note on Friday, May 19th. Needham & Company LLC downgraded Xactly Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Craig Hallum downgraded Xactly Corp from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.50 to $15.65 in a research note on Tuesday, May 30th. Finally, Dougherty & Co downgraded Xactly Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.60.
In other news, CEO Christopher Cabrera sold 12,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the transaction, the chief executive officer now owns 143,905 shares of the company’s stock, valued at approximately $1,646,273.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph C. Consul sold 3,333 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $15.60, for a total value of $51,994.80. Following the transaction, the chief financial officer now directly owns 57,826 shares in the company, valued at approximately $902,085.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,351 shares of company stock worth $6,638,806.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Xactly Corp during the first quarter worth approximately $406,000. State Street Corp raised its position in shares of Xactly Corp by 4.2% in the fourth quarter. State Street Corp now owns 362,756 shares of the technology company’s stock worth $3,992,000 after buying an additional 14,782 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Xactly Corp during the fourth quarter worth approximately $188,000. Trexquant Investment LP raised its position in shares of Xactly Corp by 98.1% in the first quarter. Trexquant Investment LP now owns 24,614 shares of the technology company’s stock worth $293,000 after buying an additional 12,190 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in shares of Xactly Corp by 7.3% in the first quarter. Emerald Advisers Inc. PA now owns 880,099 shares of the technology company’s stock worth $10,473,000 after buying an additional 59,935 shares in the last quarter.
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Xactly Corp (NASDAQ XTLY) traded up 0.26% during mid-day trading on Friday, reaching $15.64. The company’s stock had a trading volume of 266,634 shares. Xactly Corp has a 1-year low of $10.60 and a 1-year high of $16.10. The firm’s market capitalization is $502.67 million. The firm has a 50-day moving average of $14.67 and a 200 day moving average of $12.46.
About Xactly Corp
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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