Xactly Corp (XTLY) is Resumed by Needham to Buy, Price Target at $13

Xactly Corp (XTLY) was Resumed by Needham to “Buy” and the brokerage firm has set the Price Target at $13. Needham advised their investors in a research report released on May 18, 2016.

On the company’s financial health, Xactly Corp reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.16. The company had revenue of $20.70 million for the quarter, compared to analysts expectations of $20.28 million. The company’s revenue was up 30.2% compared to the same quarter last year.

Xactly Corp opened for trading at $7.91 and hit $8.16 on the upside on Monday, eventually ending the session at $8.08, with a gain of 2.15% or 0.17 points. The heightened volatility saw the trading volume jump to 2,75,248 shares. Company has a market cap of $241 M.

In a different news, on Apr 11, 2016, Christopher Cabrera (Chief Executive Officer) sold 25,000 shares at $7.26 per share price. According to the SEC, on Jan 7, 2016, Carol Mills (director) sold 10,000 shares at $8.64 per share price.

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.

Xactly Corp

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