Xactly Corp (NASDAQ:XTLY) Given News Sentiment Score of 0.04

Media coverage about Xactly Corp (NASDAQ:XTLY) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xactly Corp earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.5659475664063 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Xactly Corp (NASDAQ XTLY) traded up 0.26% during mid-day trading on Friday, reaching $15.65. 855,051 shares of the company were exchanged. The company’s market cap is $502.99 million. Xactly Corp has a 12 month low of $10.60 and a 12 month high of $16.10. The stock’s 50-day moving average is $15.62 and its 200-day moving average is $13.10.

XTLY has been the topic of several recent research reports. Lake Street Capital lowered shares of Xactly Corp from a “buy” rating to a “hold” rating and boosted their target price for the stock from $14.00 to $15.65 in a research report on Tuesday, May 30th. Craig Hallum lowered shares of Xactly Corp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.50 to $15.65 in a research report on Tuesday, May 30th. Dougherty & Co lowered shares of Xactly Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Deutsche Bank AG lowered shares of Xactly Corp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $15.65 in a research report on Wednesday, May 31st. Finally, BidaskClub lowered shares of Xactly Corp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.60.

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In related news, Director Gerald S. Casilli sold 265,543 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.55, for a total value of $4,129,193.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO L Evan Ellis, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $15.60, for a total value of $156,000.00. Following the completion of the sale, the chief operating officer now owns 269,749 shares of the company’s stock, valued at approximately $4,208,084.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 433,351 shares of company stock valued at $6,542,826.

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.