Xactly Corporation (XTLY) CEO Christopher Cabrera Sells 8,000 Shares
Xactly Corporation (NASDAQ:XTLY) CEO Christopher Cabrera sold 8,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $15.08, for a total value of $120,640.00. Following the completion of the sale, the chief executive officer now owns 104,500 shares in the company, valued at $1,575,860. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Christopher Cabrera also recently made the following trade(s):
- On Monday, October 3rd, Christopher Cabrera sold 30,000 shares of Xactly Corporation stock. The shares were sold at an average price of $15.00, for a total value of $450,000.00.
- On Monday, September 12th, Christopher Cabrera sold 8,000 shares of Xactly Corporation stock. The shares were sold at an average price of $13.94, for a total value of $111,520.00.
- On Wednesday, August 10th, Christopher Cabrera sold 8,000 shares of Xactly Corporation stock. The shares were sold at an average price of $14.01, for a total value of $112,080.00.
Xactly Corporation (NASDAQ:XTLY) opened at 14.57 on Wednesday. The stock’s 50 day moving average price is $14.23 and its 200 day moving average price is $11.41. Xactly Corporation has a one year low of $4.68 and a one year high of $16.10. The stock’s market cap is $448.03 million.
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Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company earned $24 million during the quarter, compared to the consensus estimate of $23.37 million. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts predict that Xactly Corporation will post ($0.43) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Edge Wealth Management LLC increased its position in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock valued at $248,000 after buying an additional 5,250 shares during the period. Strs Ohio increased its position in Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock valued at $646,000 after buying an additional 48,000 shares during the period. Essex Investment Management Co. LLC bought a new position in Xactly Corporation during the second quarter valued at approximately $1,112,000. Emerald Mutual Fund Advisers Trust bought a new position in Xactly Corporation during the second quarter valued at approximately $2,889,000. Finally, Emerald Advisers Inc. PA bought a new position in Xactly Corporation during the second quarter valued at approximately $3,039,000.
A number of equities research analysts recently issued reports on XTLY shares. National Securities started coverage on Xactly Corporation in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price objective on the stock. Dougherty & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Xactly Corporation in a report on Tuesday, September 6th. Zacks Investment Research lowered Xactly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Deutsche Bank AG lifted their target price on Xactly Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, September 26th. Finally, Oppenheimer Holdings Inc. lifted their target price on Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Eight investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $17.57.
About Xactly Corporation
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
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