Insider Selling: Stephen A. Remondi Sells 10,000 Shares of Exa Corp Stock (EXA)
Exa Corp (NYSE:EXA) CEO Stephen A. Remondi unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $9.12, for a total transaction of $91,200.00. Following the sale, the chief executive officer now directly owns 172,359 shares of the company’s stock, valued at approximately $1,571,914. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Exa Corp (NYSE:EXA) traded down 4.01% on Wednesday, hitting $8.61. The stock had a trading volume of 19,914 shares. Exa Corp has a 52 week low of $8.45 and a 52 week high of $16.42. The stock’s 50-day moving average is $9.9 and its 200-day moving average is $12.92. The company’s market cap is $118.4 million.
Exa Corp (NYSE:EXA) last released its earnings data on Thursday, May 29th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $1.21. The company had revenue of $13.80 million for the quarter, compared to the consensus estimate of $13.94 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that Exa Corp will post $-0.73 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on EXA shares. Analysts at Canaccord Genuity cut their price target on shares of Exa Corp from $17.00 to $14.00 in a research note on Friday, May 30th. Separately, analysts at Zacks upgraded shares of Exa Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $8.90 price target on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of Exa Corp from $17.00 to $15.00 in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Exa Corp presently has a consensus rating of “Hold” and an average target price of $14.68.
Exa Corporation (NYSE:EXA) is engaged in developing, selling and supporting simulation software and services that vehicle manufacturer’s use.
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