Xactly Corp (XTLY) is Reiterated by Lake Street to Buy, Raises Price Target to $ 16

Xactly Corp (XTLY) was Reiterated by Lake Street to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $13 . Lake Street advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on Xactly Corp. Company shares were Reiterated by Dougherty & Company on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .

On the company’s financial health, Xactly Corp reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $-0.14. The company had revenue of $24.00 million for the quarter, compared to analysts expectations of $23.38 million. The company’s revenue was up 31.1% compared to the same quarter last year.

Xactly Corp opened for trading at $14.88 and hit $14.88 on the upside on Wednesday, eventually ending the session at $14.68, with a gain of 0.62% or 0.09 points. The heightened volatility saw the trading volume jump to 269,342 shares. Company has a market cap of $442 M.

In a different news, on Sep 2, 2016, Carol Mills (director) sold 25,000 shares at $14.21 per share price. According to the SEC, on Aug 12, 2016, L Evan Jr Ellis (President & COO) sold 10,000 shares at $14.01 per share price. On Aug 12, 2016, Christopher Cabrera (Chief Executive Officer) sold 8,000 shares at $14.01 per share price, according to the Form-4 filing with the securities and exchange commission.

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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