Xactly Corp (XTLY) Given Consensus Rating of “Hold” by Brokerages
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.
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