Xactly Corp (NASDAQ:XTLY) Director Gerald S. Casilli sold 120,150 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $11.74, for a total value of $1,410,561.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Xactly Corp (NASDAQ:XTLY) opened at 12.05 on Tuesday. Xactly Corp has a 1-year low of $5.76 and a 1-year high of $16.10. The firm’s 50-day moving average price is $12.08 and its 200 day moving average price is $12.80. The company’s market capitalization is $379.80 million.
Xactly Corp (NASDAQ:XTLY) last released its quarterly earnings results on Wednesday, March 8th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The company had revenue of $24.30 million for the quarter, compared to analyst estimates of $24.01 million. The business’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm posted ($0.15) earnings per share. Equities analysts predict that Xactly Corp will post ($0.30) EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in XTLY. Champlain Investment Partners LLC acquired a new position in shares of Xactly Corp during the fourth quarter valued at $11,583,000. Emerald Advisers Inc. PA boosted its position in shares of Xactly Corp by 124.3% in the third quarter. Emerald Advisers Inc. PA now owns 532,164 shares of the company’s stock valued at $7,833,000 after buying an additional 294,891 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Xactly Corp by 113.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 481,507 shares of the company’s stock valued at $7,088,000 after buying an additional 255,953 shares during the last quarter. State Street Corp boosted its position in shares of Xactly Corp by 4.2% in the fourth quarter. State Street Corp now owns 362,756 shares of the company’s stock valued at $3,992,000 after buying an additional 14,782 shares during the last quarter. Finally, Pembroke Management LTD acquired a new position in shares of Xactly Corp during the third quarter valued at $4,006,000.
Several equities research analysts recently issued reports on XTLY shares. First Analysis started coverage on Xactly Corp in a research note on Wednesday, November 30th. They issued an “overweight” rating and a $19.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Xactly Corp in a research note on Friday, December 9th. Craig Hallum started coverage on Xactly Corp in a research note on Wednesday, January 18th. They issued a “buy” rating and a $16.50 price target for the company. Zacks Investment Research cut Xactly Corp from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $17.00 price target on shares of Xactly Corp in a research note on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.39.
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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