Vanguard Group Inc. grew its holdings in Xactly Corp (NASDAQ:XTLY) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 690,265 shares of the technology company’s stock after acquiring an additional 41,829 shares during the quarter. Vanguard Group Inc. owned 2.17% of Xactly Corp worth $8,215,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tocqueville Asset Management L.P. bought a new stake in shares of Xactly Corp in the first quarter worth about $166,000. American International Group Inc. increased its holdings in shares of Xactly Corp by 7.1% in the first quarter. American International Group Inc. now owns 14,062 shares of the technology company’s stock worth $167,000 after acquiring an additional 932 shares in the last quarter. Trexquant Investment LP increased its holdings 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 acquiring an additional 12,190 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Xactly Corp by 11.1% in the first quarter. Royce & Associates LP now owns 30,000 shares of the technology company’s stock worth $357,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Xactly Corp in the first quarter worth about $384,000.

XTLY has been the subject of several recent analyst reports. BidaskClub downgraded Xactly Corp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Lake Street Capital downgraded Xactly Corp from a “buy” rating to a “hold” rating and increased their price target for the stock from $14.00 to $15.65 in a report on Tuesday, May 30th. Craig Hallum downgraded Xactly Corp from a “buy” rating to a “hold” rating and lowered their price target for the stock from $16.50 to $15.65 in a report on Tuesday, May 30th. Deutsche Bank AG downgraded Xactly Corp from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.00 to $15.65 in a report on Wednesday, May 31st. Finally, Needham & Company LLC downgraded Xactly Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Xactly Corp currently has an average rating of “Hold” and a consensus price target of $16.55.

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Xactly Corp (XTLY) traded up 0.26% on Monday, hitting $15.65. The stock had a trading volume of 855,051 shares. Xactly Corp has a 52 week low of $10.60 and a 52 week high of $16.10. The company has a 50-day moving average price of $15.63 and a 200-day moving average price of $13.47.

In related news, CFO Joseph C. Consul sold 3,334 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $15.68, for a total value of $52,277.12. Following the completion of the sale, the chief financial officer now directly owns 57,827 shares of the company’s stock, valued at approximately $906,727.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Cabrera sold 12,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $15.65, for a total value of $187,800.00. Following the completion of the sale, the chief executive officer now directly owns 143,905 shares of the company’s stock, valued at $2,252,113.25. The disclosure for this sale can be found here. Insiders sold a total of 304,210 shares of company stock valued at $4,732,966 over the last ninety days.

Xactly Corp 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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Institutional Ownership by Quarter for Xactly Corp (NASDAQ:XTLY)

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