Xactly Corp (XTLY) Given Outperform Rating at Oppenheimer Holdings Inc.
Xactly Corp (NASDAQ:XTLY)‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer Holdings Inc. in a note issued to investors on Friday. They currently have a $17.00 price target on the technology company’s stock. Oppenheimer Holdings Inc.’s target price points to a potential upside of 30.77% from the stock’s previous close.
XTLY has been the subject of a number of other research reports. Dougherty & Co began coverage on Xactly Corp in a report on Thursday, March 9th. They set a “buy” rating and a $20.00 target price for the company. Zacks Investment Research cut Xactly Corp from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Xactly Corp currently has an average rating of “Buy” and a consensus target price of $17.39.
Shares of Xactly Corp (NASDAQ:XTLY) opened at 13.00 on Friday. The stock’s 50 day moving average is $11.80 and its 200 day moving average is $12.08. The firm’s market cap is $414.38 million. Xactly Corp has a 12 month low of $8.64 and a 12 month high of $16.10.
Xactly Corp (NASDAQ:XTLY) last issued its earnings results on Wednesday, March 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The firm had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $24.01 million. During the same quarter in the previous year, the firm posted ($0.15) EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts anticipate that Xactly Corp will post ($0.30) earnings per share for the current fiscal year.
In other Xactly Corp news, CEO Christopher Cabrera sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $12.52, for a total value of $150,240.00. Following the completion of the transaction, the chief executive officer now owns 143,905 shares in the company, valued at approximately $1,801,690.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald S. Casilli sold 120,150 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $11.74, for a total value of $1,410,561.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 207,483 shares of company stock valued at $2,453,853.
A number of institutional investors have recently added to or reduced their stakes in XTLY. SECOR Capital Advisors LP bought a new position in Xactly Corp during the third quarter worth $1,782,000. G2 Investment Partners Management LLC bought a new position in Xactly Corp during the third quarter worth $1,001,000. Russell Investments Group Ltd. bought a new position in Xactly Corp during the fourth quarter worth $188,000. State Street Corp boosted its position in Xactly Corp by 4.2% in the fourth quarter. State Street Corp now owns 362,756 shares of the technology company’s stock worth $3,992,000 after buying an additional 14,782 shares in the last quarter. Finally, Nicholas Investment Partners LP boosted its position in Xactly Corp by 25.2% in the fourth quarter. Nicholas Investment Partners LP now owns 181,868 shares of the technology company’s stock worth $2,001,000 after buying an additional 36,608 shares in the last quarter.
Xactly Corp Company Profile
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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