Insider Selling: Exa Corp CEO Unloads 10,000 Shares of Stock (EXA)
Exa Corp (NYSE:EXA) CEO Stephen Remondi sold 10,000 shares of Exa Corp stock on the open market in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $15.14, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now directly owns 92,359 shares in the company, valued at approximately $1,398,315. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Exa Corp (NYSE:EXA) from $12.00 to $16.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Exa Corp currently has an average rating of “Hold” and a consensus price target of $14.03.
Shares of Exa Corp (NYSE:EXA) traded up 0.14% on Friday, hitting $14.74. The stock had a trading volume of 26,841 shares. Exa Corp has a one year low of $6.88 and a one year high of $16.42. The stock has a 50-day moving average of $14.10 and a 200-day moving average of $10.54. The company’s market cap is $196.6 million.
Exa Corp (NYSE:EXA) last released its earnings data on Wednesday, September 4th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters 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. On average, analysts predict that Exa Corp will post $0.05 earnings per share 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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