Exa Corp. (EXA) Director Buys $157,524.15 in Stock
Exa Corp. (NASDAQ:EXA) Director Wayne D. Mackie purchased 10,565 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were bought at an average price of $14.91 per share, for a total transaction of $157,524.15. Following the completion of the purchase, the director now directly owns 69,723 shares in the company, valued at $1,039,569.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Exa Corp. (NASDAQ:EXA) traded down 1.20% during midday trading on Friday, reaching $14.77. 48,085 shares of the company traded hands. Exa Corp. has a 12 month low of $9.05 and a 12 month high of $16.74. The company has a 50 day moving average of $15.72 and a 200 day moving average of $13.99. The firm’s market capitalization is $218.89 million.
Exa Corp. (NASDAQ:EXA) last issued its quarterly earnings results on Monday, August 29th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The firm earned $17.10 million during the quarter. During the same period last year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Exa Corp. will post ($0.07) earnings per share for the current fiscal year.
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Several brokerages recently commented on EXA. Zacks Investment Research upgraded shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, September 1st. Needham & Company LLC lifted their price target on shares of Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Finally, Canaccord Genuity lifted their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, August 30th.
Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. acquired a new stake in Exa Corp. during the second quarter valued at about $313,000. Metropolitan Life Insurance Co. NY acquired a new stake in Exa Corp. during the second quarter valued at about $156,000. Vista Equity Partners Management LLC increased its stake in Exa Corp. by 15.3% in the second quarter. Vista Equity Partners Management LLC now owns 470,302 shares of the company’s stock valued at $6,796,000 after buying an additional 62,385 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Exa Corp. by 20.1% in the second quarter. Parametric Portfolio Associates LLC now owns 67,547 shares of the company’s stock valued at $976,000 after buying an additional 11,310 shares in the last quarter. Finally, Redmond Asset Management LLC acquired a new stake in Exa Corp. during the second quarter valued at about $269,000. Institutional investors own 75.59% of the company’s stock.
About Exa Corp.
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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