Xactly Corp (XTLY) Files Form 4 Insider Selling : Christopher Cabrera Sells 30,000 Shares

Xactly Corp (XTLY): Christopher Cabrera , Chief Executive Officer of Xactly Corp sold 30,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $12.00 per share for a total value of $360,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Christopher Cabrera (Chief Executive Officer) sold 24,500 shares at $11.30 per share price.On Jun 10, 2016, Carol Mills (director) sold 30,000 shares at $11.12 per share price.Also, On Jun 8, 2016, Joseph C Consul (CFO, Treasurer & Asst. Sec.) sold 11,110 shares at $11.00 per share price.On Jul 1, 2015, Gerald S Casilli (director 10% owner) purchased 375,000 shares at $8.00 per share price.

Xactly Corp: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Xactly Corp which led to swings in the share price. The shares opened for trading at $12 and hit $12.43 on the upside , eventually ending the session at $12.31, with a gain of 2.67% or 0.32 points. The heightened volatility saw the trading volume jump to 4,94,422 shares. The 52-week high of the share price is $12 and the company has a market cap of $371 M . The 52-week low of the share price is at $4.68.

Xactly Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Xactly Corp is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 .The Rating was issued on May 23, 2016.Xactly Corp is Resumed by Needham to Buy and the brokerage firm has set the Price Target at $13. The Rating was issued on May 18, 2016.Xactly Corp is Initiated by Lake Street to Buy and the brokerage firm has set the Price Target at $12. The Rating was issued on May 18, 2016.

Xactly Corporation provides enterprise-class cloud-based incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals. Its solutions allow organizations to make decisions optimize behaviors and design incentive compensation plans. It delivers its solutions through a software-as-a-service business model. Its solutions enable executives design manage and analyze incentive programs and provide visibility into employee and incentive program performance. Its solutions enable employees to monitor estimate and track their own and their team’s performance in real-time and modify their behaviors. Its solutions automate various processes such as estimating and calculating commissions and bonuses assigning sales territories forecasting accruals and modeling business outcomes.

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