Shares of Callidus Software Inc. (NASDAQ:CALD) saw unusually-high trading volume on Friday . Approximately 451,886 shares changed 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 subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Callidus Software from a “hold” rating to a “sell” rating in a research report on Friday, April 1st. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Callidus Software in a research report on Friday, May 6th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $22.00 target price on shares of Callidus Software in a research report on Thursday, March 24th. Roth Capital reaffirmed a “buy” rating on shares of Callidus Software in a research report on Wednesday, June 22nd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Callidus Software in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.75.

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

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

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

Other hedge funds and institutional investors recently bought and sold shares of the company. Monarch Partners Asset Management LLC boosted its position 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 in the last quarter. Turner Investments L.P. bought a new position in Callidus Software during the fourth quarter worth about $1,393,000. Wells Fargo & Company MN boosted its position 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 in the last quarter. Bank of Montreal Can boosted its position 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 in the last quarter. Finally, New York State Common Retirement Fund boosted its position 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 in the last quarter.

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.

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