Xactly Corp (NASDAQ:XTLY) COO Sells $156,000.00 in Stock

Xactly Corp (NASDAQ:XTLY) COO L Evan Ellis, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $15.60, for a total value of $156,000.00. Following the transaction, the chief operating officer now owns 269,749 shares of the company’s stock, valued at $4,208,084.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

L Evan Ellis, Jr. also recently made the following trade(s):

  • On Monday, May 22nd, L Evan Ellis, Jr. sold 10,000 shares of Xactly Corp stock. The shares were sold at an average price of $13.09, for a total value of $130,900.00.

Xactly Corp (NASDAQ XTLY) opened at 15.65 on Friday. The company’s 50 day moving average price is $15.63 and its 200-day moving average price is $13.47. Xactly Corp has a 12-month low of $10.60 and a 12-month high of $16.10.

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Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Xactly Corp by 11.5% in the second quarter. Legal & General Group Plc now owns 7,026 shares of the technology company’s stock worth $110,000 after buying an additional 727 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in Xactly Corp during the first quarter worth approximately $166,000. American International Group Inc. boosted its stake in Xactly Corp by 7.1% in the first quarter. American International Group Inc. now owns 14,062 shares of the technology company’s stock worth $167,000 after buying an additional 932 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Xactly Corp during the fourth quarter worth approximately $188,000. Finally, Voya Investment Management LLC boosted its stake in Xactly Corp by 20.3% in the second quarter. Voya Investment Management LLC now owns 12,294 shares of the technology company’s stock worth $192,000 after buying an additional 2,078 shares during the last quarter.

A number of analysts have weighed in on the company. First Analysis restated an “equal weight” rating and set a $19.00 target price on shares of Xactly Corp in a report on Wednesday, May 31st. Needham & Company LLC cut Xactly Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $17.00 target price on shares of Xactly Corp in a report on Friday, May 19th. BidaskClub lowered Xactly Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG lowered Xactly Corp from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $15.65 in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Xactly Corp currently has a consensus rating of “Hold” and a consensus price target of $16.55.

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.

Insider Buying and Selling by Quarter for Xactly Corp (NASDAQ:XTLY)

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