Exa Corporation (EXA) Major Shareholder Soros Fund Management Llc Purchases 53,502 Shares of Stock
Exa Corporation (NASDAQ:EXA) major shareholder Soros Fund Management Llc bought 53,502 shares of the stock in a transaction dated Monday, September 18th. The stock was bought at an average price of $15.49 per share, for a total transaction of $828,745.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Soros Fund Management Llc also recently made the following trade(s):
- On Wednesday, September 13th, Soros Fund Management Llc bought 159,500 shares of Exa Corporation stock. The stock was bought at an average price of $14.46 per share, for a total transaction of $2,306,370.00.
Exa Corporation (EXA) opened at 15.98 on Tuesday. The company has a 50-day moving average price of $14.14 and a 200-day moving average price of $13.76. The firm’s market cap is $239.96 million. Exa Corporation has a 12-month low of $12.34 and a 12-month high of $16.89.
Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings data on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The company had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Exa Corporation will post ($0.12) earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. lifted its position in shares of Exa Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock valued at $108,000 after acquiring an additional 556 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Exa Corporation by 27.0% during the 1st quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock valued at $131,000 after acquiring an additional 2,198 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Exa Corporation by 399.6% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after acquiring an additional 8,459 shares during the period. Oxford Asset Management acquired a new stake in shares of Exa Corporation during the 1st quarter valued at approximately $140,000. Finally, Rhumbline Advisers lifted its position in shares of Exa Corporation by 4.6% during the 2nd quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock valued at $191,000 after acquiring an additional 605 shares during the period. 76.03% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on EXA. ValuEngine raised Exa Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Zacks Investment Research raised Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, May 31st. Finally, TheStreet raised Exa Corporation from a “d” rating to a “c-” rating in a report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.20.
About Exa Corporation
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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