Xactly Corp (XTLY) Expected to Announce Quarterly Sales of $26.74 Million
Wall Street analysts expect Xactly Corp (NASDAQ:XTLY) to announce sales of $26.74 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Xactly Corp’s earnings. The lowest sales estimate is $26.43 million and the highest is $26.97 million. Xactly Corp posted sales of $23.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is scheduled to issue its next earnings results on Thursday, September 14th.
On average, 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 anticipate that the company will post 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 an average based on a survey of analysts that that provide coverage for Xactly Corp.
XTLY has been the topic of a number of recent analyst reports. BidaskClub cut Xactly Corp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Lake Street Capital cut Xactly Corp from a “buy” rating to a “hold” rating and raised their target price for the stock from $14.00 to $15.65 in a report on Tuesday, May 30th. Craig Hallum cut Xactly Corp from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.50 to $15.65 in a report on Tuesday, May 30th. Deutsche Bank AG cut Xactly Corp from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $15.65 in a report on Wednesday, May 31st. Finally, Needham & Company LLC cut Xactly Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Xactly Corp presently has an average rating of “Hold” and an average target price of $16.60.
In other news, Director Gerald S. Casilli sold 265,543 shares of Xactly Corp stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.55, for a total transaction of $4,129,193.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph C. Consul sold 3,333 shares of Xactly Corp stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $11.95, for a total value of $39,829.35. The disclosure for this sale can be found here. Insiders have sold a total of 433,351 shares of company stock worth $6,542,826 in the last quarter.
Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Xactly Corp during the first quarter valued at $406,000. State Street Corp raised 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 valued at $3,992,000 after buying an additional 14,782 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Xactly Corp during the fourth quarter valued at $188,000. Chicago Capital Management LLC purchased a new position in Xactly Corp during the second quarter valued at $1,023,000. Finally, Trexquant Investment LP raised its position in 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 during the last quarter.
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Shares of Xactly Corp (NASDAQ XTLY) opened at 15.65 on Tuesday. Xactly Corp has a 12-month low of $10.60 and a 12-month high of $16.10. The firm’s 50-day moving average price is $15.62 and its 200 day moving average price is $13.16. The firm’s market cap is $502.99 million.
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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