Equities research analysts expect Xactly Corp (NASDAQ:XTLY) to report sales of $24.34 million for the current quarter, Zacks reports. Six analysts have made estimates for Xactly Corp’s earnings. The lowest sales estimate is $24.15 million and the highest is $24.60 million. Xactly Corp reported sales of $23.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The business is expected to issue its next earnings results after the market closes on Thursday, June 8th.

According to Zacks, analysts expect that Xactly Corp will report full-year sales of $24.34 million for the current year, with estimates ranging from $109.26 million to $113.13 million. For the next fiscal year, analysts forecast that the company will report sales of $134.44 million per share, with estimates ranging from $127.13 million to $140.18 million. Zacks’ sales averages are an average based on a survey of analysts that follow Xactly Corp.

Several research firms have recently commented on XTLY. Dougherty & Co began coverage on Xactly Corp in a research report on Thursday, March 9th. They issued a “buy” rating and a $20.00 price target for the company. First Analysis reissued an “equal weight” rating and issued a $19.00 price target on shares of Xactly Corp in a research report on Wednesday, May 31st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $17.00 price target on shares of Xactly Corp in a research report on Monday, March 13th. Needham & Company LLC lowered Xactly Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research lowered Xactly Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.77.

Xactly Corp (NASDAQ XTLY) remained flat at $15.65 during midday trading on Wednesday. The company’s stock had a trading volume of 79,195 shares. Xactly Corp has a 1-year low of $10.60 and a 1-year high of $16.10. The company’s market cap is $502.99 million. The stock has a 50-day moving average price of $13.34 and a 200 day moving average price of $12.27.

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In related news, CEO Christopher Cabrera sold 12,000 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the transaction, the chief executive officer now directly owns 143,905 shares of the company’s stock, valued at approximately $1,646,273.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald S. Casilli sold 120,150 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were 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. Insiders have sold a total of 280,108 shares of company stock worth $3,589,376 over the last ninety days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Xactly Corp by 4.2% in the fourth quarter. State Street Corp now owns 362,756 shares of the technology company’s stock valued at $3,992,000 after buying an additional 14,782 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Xactly Corp during the fourth quarter valued at about $188,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Xactly Corp during the first quarter valued at about $406,000. Trexquant Investment LP raised its position in shares of Xactly Corp by 98.1% in the first quarter. Trexquant Investment LP now owns 24,614 shares of the technology company’s stock valued at $293,000 after buying an additional 12,190 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in shares of Xactly Corp by 7.3% in the first quarter. Emerald Advisers Inc. PA now owns 880,099 shares of the technology company’s stock valued at $10,473,000 after buying an additional 59,935 shares in the last quarter.

About Xactly Corp

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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