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Shares of Rally Software Development Corp (NASDAQ:RALY) were the recipient of unusually large options trading on Monday. Stock investors bought 229 call options on the stock, American Banking News reports. This is an increase of 152% compared to the typical volume of 91 call options.

A number of analysts have recently weighed in on RALY shares. Analysts at Zacks downgraded shares of Rally Software Development Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $11.50 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Rally Software Development Corp from $28.00 to $25.00 in a research note on Friday, June 6th. Finally, analysts at Deutsche Bank downgraded shares of Rally Software Development Corp from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. They now have a $15.00 price target on the stock, down previously from $30.00. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.58.

Shares of Rally Software Development Corp (NASDAQ:RALY) traded up 15.40% on Monday, hitting $11.54. The stock had a trading volume of 2,309,322 shares. Rally Software Development Corp has a one year low of $8.40 and a one year high of $33.05. The stock’s 50-day moving average is $10.03 and its 200-day moving average is $13.30. The company’s market cap is $288.8 million.

Rally Software Development Corp (NASDAQ:RALY) last issued its quarterly earnings data on Thursday, August 28th. The company reported ($0.30) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.40) by $0.10. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $20.57 million. During the same quarter last year, the company posted ($0.04) earnings per share. Rally Software Development Corp’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Rally Software Development Corp will post $-1.23 earnings per share for the current fiscal year.

Rally Software Development Corp. is a global provider of cloud-based solutions for managing Agile software development.

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