Xactly Corporation (NYSE:XTLY) was a big mover last session, as its shares rose a little over 16% on the day. The move came after the company entered into an agreement to be acquired by private-equity firm Vista Equity Partners for $15.65 per share in a deal worth roughly $564 million. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up roughly 35% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Xactly currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet – Software space is AppFolio, Inc. (NASDAQ:APPF) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Xactly Corporation (XTLY): Free Stock Analysis Report
AppFolio, Inc. (APPF): Free Stock Analysis Report
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