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.
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.
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