Insider Buying: Exa Corporation (EXA) Major Shareholder Buys 53,502 Shares of Stock

Exa Corporation (NASDAQ:EXA) major shareholder Soros Fund Management Llc bought 53,502 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were bought at an average price of $15.49 per share, with a total value of $828,745.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Soros Fund Management Llc also recently made the following trade(s):

  • On Wednesday, September 13th, Soros Fund Management Llc bought 159,500 shares of Exa Corporation stock. The shares were bought at an average price of $14.46 per share, with a total value of $2,306,370.00.

Exa Corporation (NASDAQ:EXA) traded up 1.40% during trading on Monday, reaching $15.98. 30,955 shares of the company were exchanged. The stock’s market capitalization is $239.96 million. The firm’s 50 day moving average price is $14.07 and its 200-day moving average price is $13.79. Exa Corporation has a one year low of $12.34 and a one year high of $16.89.

Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The company had revenue of $17.50 million for the quarter, compared to the consensus estimate of $17.58 million. Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. On average, equities research analysts predict that Exa Corporation will post ($0.12) earnings per share for the current year.

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A number of analysts have recently issued reports on EXA shares. Zacks Investment Research cut shares of Exa Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded shares of Exa Corporation from a “d” rating to a “c-” rating in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Exa Corporation has a consensus rating of “Buy” and a consensus price target of $16.20.

Several large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC lifted its holdings in Exa Corporation by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 72,592 shares of the technology company’s stock valued at $1,002,000 after purchasing an additional 750 shares during the last quarter. Rhumbline Advisers lifted its holdings in Exa Corporation by 4.6% during the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock valued at $191,000 after purchasing an additional 605 shares during the last quarter. Ranger Investment Management L.P. lifted its holdings in Exa Corporation by 289.3% during the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock valued at $747,000 after purchasing an additional 43,733 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Exa Corporation by 399.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after purchasing an additional 8,459 shares during the last quarter. Finally, Soros Fund Management LLC lifted its holdings in Exa Corporation by 3.0% during the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock valued at $18,013,000 after purchasing an additional 41,703 shares during the last quarter. 76.03% of the stock is currently owned by institutional investors.

Exa Corporation Company Profile

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.

Insider Buying and Selling by Quarter for Exa Corporation (NASDAQ:EXA)

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