Shares of Callidus Software Inc. (NASDAQ:CALD) saw unusually-high trading volume on Friday . Approximately 451,886 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 444,682 shares.The stock last traded at $20.18 and had previously closed at $19.95.

CALD has been the topic of a number of research reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Callidus Software in a research note on Thursday, March 24th. Piper Jaffray Cos. initiated coverage on Callidus Software in a research note on Friday, April 1st. They issued an “overweight” rating and a $21.00 price objective on the stock. Zacks Investment Research downgraded Callidus Software from a “hold” rating to a “sell” rating in a research note on Friday, April 1st. Dougherty & Co reduced their price objective on Callidus Software from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, May 4th. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 target price on shares of Callidus Software in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Callidus Software currently has an average rating of “Buy” and an average price target of $20.75.

The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $16.74. The firm’s market cap is $1.16 billion.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $48.40 million for the quarter, compared to analysts’ expectations of $48.31 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Analysts forecast that Callidus Software Inc. will post $0.28 EPS for the current fiscal year.

In other news, CEO Leslie Stretch sold 34,926 shares of Callidus Software stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $17.16, for a total transaction of $599,330.16. Following the sale, the chief executive officer now owns 493,035 shares in the company, valued at $8,460,480.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Culhane sold 15,000 shares of Callidus Software stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $17.15, for a total value of $257,250.00. Following the sale, the director now owns 51,761 shares in the company, valued at approximately $887,701.15. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Callidus Software by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,658,463 shares of the company’s stock worth $30,798,000 after buying an additional 67,842 shares during the period. Bank of Montreal Can boosted its stake in Callidus Software by 0.7% in the fourth quarter. Bank of Montreal Can now owns 966,628 shares of the company’s stock worth $17,950,000 after buying an additional 6,557 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Callidus Software by 2.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 380,300 shares of the company’s stock worth $7,062,000 after buying an additional 8,276 shares during the period. New York State Common Retirement Fund boosted its stake in Callidus Software by 116.6% in the fourth quarter. New York State Common Retirement Fund now owns 354,669 shares of the company’s stock worth $6,586,000 after buying an additional 190,927 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its stake in Callidus Software by 89.7% in the fourth quarter. Monarch Partners Asset Management LLC now owns 200,750 shares of the company’s stock worth $3,728,000 after buying an additional 94,900 shares during the period.

Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback, among others.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.