Published On: Wed, Sep 14th, 2016

Insider Selling: Xactly Corporation (XTLY) COO Sells 10,000 Shares of Stock

Xactly Corporation (NASDAQ:XTLY) COO L Evan Ellis, Jr. sold 10,000 shares of Xactly Corporation stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $13.94, for a total transaction of $139,400.00. Following the transaction, the chief operating officer now owns 227,782 shares of the company’s stock, valued at $3,175,281.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Xactly Corporation (NASDAQ:XTLY) opened at 13.72 on Wednesday. The stock’s market capitalization is $420.78 million. The company’s 50-day moving average is $13.66 and its 200 day moving average is $10.27. Xactly Corporation has a 12-month low of $4.68 and a 12-month high of $14.90.
Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The company’s quarterly revenue was up 31.1% on a year-over-year basis. On average, equities research analysts expect that Xactly Corporation will post ($0.52) earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Edge Wealth Management LLC raised its stake in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock worth $248,000 after buying an additional 5,250 shares in the last quarter. American International Group Inc. raised its stake in Xactly Corporation by 194.7% in the second quarter. American International Group Inc. now owns 13,145 shares of the company’s stock worth $168,000 after buying an additional 8,684 shares in the last quarter. Nationwide Fund Advisors raised its stake in Xactly Corporation by 139.9% in the second quarter. Nationwide Fund Advisors now owns 14,929 shares of the company’s stock worth $191,000 after buying an additional 8,706 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Xactly Corporation during the second quarter worth approximately $121,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in Xactly Corporation during the second quarter worth approximately $184,000.
A number of research analysts have recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Xactly Corporation from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 9th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xactly Corporation in a report on Tuesday, June 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Xactly Corporation in a report on Monday, June 6th. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, June 10th. Finally, Lake Street Capital lifted their price objective on shares of Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.86.
Xactly Corporation Company 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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