Deutsche Bank Maintains Xactly Corp to Buy with Price Target $20.00

Brokerage firm Deutsche Bank Maintains its rating on Xactly Corp(NYSE:XTLY). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Sep 26, 2016.

In a different note, On Sep 9, 2016, Deutsche Bank said it Maintains its rating on Xactly Corp. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 7, 2016, Oppenheimer said it Maintains its rating on Xactly Corp. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Outperform’ by the firm.

Xactly Corp (XTLY) made into the market gainers list on Thursdays trading session with the shares advancing 0.36% or 0.05 points. Due to strong positive momentum, the stock ended at $13.81, which is also near the day’s high of $13.81. The stock began the session at $13.77 and the volume stood at 2,70,092 shares. The 52-week high of the shares is $14.9 and the 52 week low is $4.68. The company has a current market capitalization of $425 M and it has 3,07,50,335 shares in outstanding.

Xactly Corp(XTLY) last announced its earnings results on Sep 8, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $23.96M. Analysts had an estimated revenue of $23.37M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, L Evan Jr Ellis (President & COO) sold 10,000 shares at $13.94 per share price.Also, On Sep 13, 2016, Christopher Cabrera (Chief Executive Officer) sold 8,000 shares at $13.94 per share price.On Sep 2, 2016, Carol Mills (director) sold 25,000 shares at $14.21 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.

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