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.

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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.

Analyst Recommendations for Xactly Corp (NASDAQ:XTLY)

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