Insider Buying: Exa Corp Director Acquires 2,793 Shares of Stock (EXA)
Exa Corp (NYSE:EXA) Director John William Sr Poduska, Sr. purchased 2,793 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $8.90 per share, with a total value of $24,857.70. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $445,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Exa Corp (NYSE:EXA) opened at 9.09 on Friday. 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 $9.55 and its 200-day moving average is $12.67. The company’s market cap is $125.0 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 $-1.09 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 investment 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. The company presently has a consensus rating of “Hold” and a consensus 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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