Xactly Corp (XTLY) Receives Average Recommendation of “Hold” from Analysts
Shares of Xactly Corp (NASDAQ:XTLY) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.59.
Separately, BidaskClub downgraded Xactly Corp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.
In other Xactly Corp news, COO L Evan Ellis, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $15.60, for a total transaction of $156,000.00. Following the completion of the sale, the chief operating officer now owns 269,749 shares in the company, valued at approximately $4,208,084.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several institutional investors have recently modified their holdings of XTLY. Glazer Capital LLC bought a new stake in shares of Xactly Corp during the 2nd quarter valued at $12,227,000. Empyrean Capital Partners LP bought a new stake in shares of Xactly Corp during the 2nd quarter valued at $10,081,000. Champlain Investment Partners LLC raised its position in shares of 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 valued at $19,495,000 after acquiring an additional 585,175 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Xactly Corp during the 2nd quarter valued at $6,308,000. Finally, CNH Partners LLC bought a new stake in shares of Xactly Corp during the 2nd quarter valued at $5,712,000.
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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