Xactly Corp (XTLY) Expected to Post Quarterly Sales of $26.74 Million
Analysts expect that Xactly Corp (NASDAQ:XTLY) will post $26.74 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Xactly Corp’s earnings, with the lowest sales estimate coming in at $26.43 million and the highest estimate coming in at $26.97 million. Xactly Corp reported sales of $23.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The company is scheduled to report its next quarterly earnings results on Thursday, September 14th.
According to Zacks, analysts expect that Xactly Corp will report full-year sales of $26.74 million for the current year, with estimates ranging from $109.26 million to $113.13 million. For the next year, analysts expect that the company will report sales of $134.44 million per share, with estimates ranging from $127.13 million to $140.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Xactly Corp.
Several brokerages have commented on XTLY. Dougherty & Co lowered shares of Xactly Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. First Analysis reiterated an “equal weight” rating and issued a $19.00 price target on shares of Xactly Corp in a research note on Wednesday, May 31st. Deutsche Bank AG downgraded Xactly Corp from a “buy” rating to a “hold” rating and decreased their price objective for the company from $20.00 to $15.65 in a report on Wednesday, May 31st. Lake Street Capital downgraded Xactly Corp from a “buy” rating to a “hold” rating and increased their price objective for the company from $14.00 to $15.65 in a report on Tuesday, May 30th. Finally, Craig Hallum downgraded Xactly Corp from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.50 to $15.65 in a report on Tuesday, May 30th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.77.
Shares of Xactly Corp (XTLY) opened at 15.60 on Friday. Xactly Corp has a 1-year low of $10.60 and a 1-year high of $16.10. The firm’s market capitalization is $501.38 million. The company has a 50-day moving average of $14.67 and a 200-day moving average of $12.46.
In other Xactly Corp news, CFO Joseph C. Consul sold 3,334 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $15.68, for a total value of $52,277.12. Following the completion of the sale, the chief financial officer now owns 57,827 shares of the company’s stock, valued at $906,727.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald S. Casilli sold 265,543 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $15.55, for a total value of $4,129,193.65. The disclosure for this sale can be found here. In the last three months, insiders sold 442,018 shares of company stock valued at $6,586,811.
A number of large investors have recently added to or reduced their stakes in XTLY. Trexquant Investment LP acquired a new stake in Xactly Corp during the fourth quarter worth approximately $137,000. Tocqueville Asset Management L.P. acquired a new stake in Xactly Corp during the first quarter worth approximately $166,000. American International Group Inc. increased its stake in Xactly Corp by 7.1% in the first quarter. American International Group Inc. now owns 14,062 shares of the technology company’s stock worth $167,000 after buying an additional 932 shares during the period. Russell Investments Group Ltd. acquired a new stake in Xactly Corp during the fourth quarter worth approximately $188,000. Finally, Royce & Associates LP acquired a new stake in Xactly Corp during the fourth quarter worth approximately $297,000.
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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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