Insider Buying: Exa Corp Director Purchases 11,821 Shares of Stock (EXA)
Exa Corp (NYSE:EXA) Director John William Sr Poduska, Sr. bought 11,821 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $15.62 per share, for a total transaction of $184,644.02. Following the completion of the transaction, the director now directly owns 39,000 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EXA. Analysts at Zacks downgraded shares of Exa Corp (NYSE:EXA) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, September 6th. They now have a $13.10 price target on the stock. Analysts at Canaccord Genuity raised their price target on shares of Exa Corp (NYSE:EXA) from $11.00 to $14.50 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.28.
Shares of Exa Corp (NYSE:EXA) traded down 0.32% during mid-day trading on Thursday, hitting $15.57. 34,679 shares of the company’s stock traded hands. Exa Corp has a 1-year low of $6.88 and a 1-year high of $16.42. The stock’s 50-day moving average is $13.00 and its 200-day moving average is $10.13. The company’s market cap is $207.7 million.
Exa Corp (NYSE:EXA) last released its earnings data on Wednesday, September 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $12.70 million for the quarter, compared to the consensus estimate of $13.08 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Exa Corp will post $0.05 EPS for the current fiscal year.
Exa Corporation (NYSE:EXA) is engaged in developing, selling and supporting simulation software and services that vehicle manufacturer’s use.
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