Xactly Corp (NASDAQ:XTLY) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.59.

A number of research analysts have issued reports on the company. BidaskClub downgraded Xactly Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. First Analysis cut Xactly Corp from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a research report on Tuesday, May 30th. Dougherty & Co cut Xactly Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Deutsche Bank AG cut Xactly Corp from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $15.65 in a research report on Wednesday, May 31st. Finally, Needham & Company LLC cut Xactly Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th.

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In other news, CFO Joseph C. Consul sold 3,333 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $15.60, for a total transaction of $51,994.80. Following the transaction, the chief financial officer now owns 57,826 shares of the company’s stock, valued at approximately $902,085.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO L Evan Ellis, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $15.57, for a total value of $155,700.00. Following the transaction, the chief operating officer now directly owns 269,749 shares in the company, valued at approximately $4,199,991.93. The disclosure for this sale can be found here. Insiders have sold a total of 288,876 shares of company stock worth $4,492,888 in the last ninety days.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Champlain Investment Partners LLC lifted its holdings in Xactly Corp by 55.6% during the 1st quarter. Champlain Investment Partners LLC now owns 1,638,195 shares of the technology company’s stock worth $19,495,000 after purchasing an additional 585,175 shares in the last quarter. Glazer Capital LLC purchased a new stake in Xactly Corp during the 2nd quarter worth about $12,227,000. Vanguard Group Inc. lifted its holdings in Xactly Corp by 10.5% during the 2nd quarter. Vanguard Group Inc. now owns 762,440 shares of the technology company’s stock worth $11,932,000 after purchasing an additional 72,175 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in Xactly Corp during the 2nd quarter worth about $10,081,000. Finally, Teachers Advisors LLC lifted its holdings in Xactly Corp by 0.6% during the 1st quarter. Teachers Advisors LLC now owns 414,402 shares of the technology company’s stock worth $4,931,000 after purchasing an additional 2,349 shares in the last quarter.

Shares of Xactly Corp (NASDAQ:XTLY) traded up 0.26% during midday trading on Friday, reaching $15.65. The company’s stock had a trading volume of 855,051 shares. Xactly Corp has a one year low of $10.60 and a one year high of $16.10.

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.

Analyst Recommendations for Xactly Corp (NASDAQ:XTLY)

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