Shorts On Watch: Xactly Corporation (NYSE:XTLY) Reports Increase in Sellers; Strong Momentum for Short Players

November 22, 2016 - By Hazel Jackson   ·   0 Comments

Shorts On Watch: Xactly Corporation (NYSE:XTLY) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Xactly Corporation (NYSE:XTLY) registered an increase of 10.46% in short interest. XTLY’s total short interest was 894,100 shares in November as published by FINRA. Its up 10.46% from 809,400 shares, reported previously. With 441,500 shares average volume, it will take short sellers 2 days to cover their XTLY’s short positions. The short interest to Xactly Corporation’s float is 5.27%. The stock decreased 2.39% or $0.35 on November 21, hitting $14.3. Xactly Corp (NYSE:XTLY) has risen 87.66% since April 20, 2016 and is uptrending. It has outperformed by 83.11% the S&P500.

Xactly Corporation is a provider of cloud incentive compensation solutions for employee and sales performance management. The company has a market cap of $456.88 million. The Firm delivers its solutions through a software-as-a-service business model. It currently has negative earnings. The Firm 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.

Xactly Corp (NYSE:XTLY) Ratings Coverage

Out of 7 analysts covering Xactly Corporation (NYSE:XTLY), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Xactly Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 9 by Needham. The rating was initiated by Dougherty & Company with “Buy” on Thursday, January 14. Oppenheimer initiated it with “Outperform” rating and $12 target price in Tuesday, July 21 report. Deutsche Bank maintained the stock with “Buy” rating in Monday, September 26 report. UBS initiated Xactly Corp (NYSE:XTLY) rating on Tuesday, July 21. UBS has “Neutral” rating and $9 price target. Lake Street initiated it with “Buy” rating and $12 target price in Wednesday, May 18 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9. The firm has “Buy” rating given on Monday, May 23 by Dougherty & Company. The stock of Xactly Corp (NYSE:XTLY) has “Buy” rating given on Tuesday, July 21 by Deutsche Bank. The firm has “Neutral” rating by UBS given on Friday, September 9.

XTLY Company Profile

Xactly Corporation, incorporated on March 1, 2005, is a well-known provider of cloud incentive compensation solutions for employee and sales performance management. The Firm delivers its solutions through a software-as-a-service (SaaS) business model. The Firm 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. The Company’s SaaS solutions are delivered through a cloud platform. The Company’s solutions support finance, sales, compensation administrators, information technology and human resources personnel in designing, processing and managing incentive compensation. The Firm offers products, including Xactly Incent Enterprise, Xactly Incent Express, Xactly Objectives, Xactly Territories, Xactly Insights, Xactly Quota, Xactly Incent Views, Xactly Inspire and Xactly Connect.

More important recent Xactly Corp (NYSE:XTLY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 21, 2015, also Businesswire.com published article titled: “Xactly Corporation Announces Pricing of Initial Public Offering”, Equitiesfocus.com published: “Xactly Corp (NYSE:XTLY) Quarterly EPS From Continuing Operations Stands At $-0 …” on November 21, 2016. More interesting news about Xactly Corp (NYSE:XTLY) was released by: Streetinsider.com and their article: “Form 4 Xactly Corp For: Nov 10 Filed by: Consul Joseph C” with publication date: November 14, 2016.

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By Hazel Jackson


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