Skip to main content

Trading of cloud services provider Xactly (XTLY) was suspended this morning after the stock jumped nearly 17% after the company's outstanding shares were acquired by private equity firm Vista Equity Partners for $15.65 per share, or $564 million. 

The purchase price represents a nearly 17% upside from the stock's previous closing price of $13.40. 

Xactly was recently given an "outperform" rating and $17 price target by analysts at Oppenheimer following the company's annual shareholder meeting. 

Year to date, the stock is up nearly 22%, and has risen nearly 36% over the past 12 months. 

TheStreet Recommends

Stocks have rebounded following a sharp sell off last week. Jim Cramer believes the rebound is real and gives investors advice on how to play the market going forward.