Xactly Corp (XTLY) Files Form 4 Insider Selling : Christopher Cabrera Sells 8,000 Shares

Xactly Corp (XTLY): Christopher Cabrera , Chief Executive Officer of Xactly Corp sold 8,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $13.94 per share for a total value of $111,536.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Carol Mills (director) sold 25,000 shares at $14.21 per share price.On Aug 12, 2016, L Evan Jr Ellis (President & COO) sold 10,000 shares at $14.01 per share price.Also, On Aug 12, 2016, Christopher Cabrera (Chief Executive Officer) sold 8,000 shares at $14.01 per share price.On Jul 6, 2016, Joseph C Consul (CFO, Treasurer & Asst. Sec.) sold 16,665 shares at $11.93 per share price.

Shares of Xactly Corp (XTLY) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.49% at $14.19 with 388,181 shares getting traded. Post opening the session at $14.16, the shares hit an intraday low of $13.77 and an intraday high of $14.285 and the price vacillated in this range throughout the day. The company has a market cap of $428 M and the number of outstanding shares has been calculated to be 30,127,146 shares. The 52-week high of Xactly Corp is $14.9 and the 52-week low is $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 $ 20 from a previous price target of $18 .The Rating was issued on Sep 9, 2016.Xactly Corp is Reiterated by Lake Street to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $13 .The Rating was issued on Sep 9, 2016.Xactly Corp is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $15 .The Rating was issued on Sep 9, 2016.Xactly Corp is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 17 from a previous price target of $12 .The Rating was issued on Sep 9, 2016.Xactly Corp is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $11 .The Rating was issued on Sep 9, 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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