Shares of Callidus Software Inc. (NASDAQ:CALD) traded down 3.2% on Thursday . The company traded as low as $19.90 and last traded at $19.91, with a volume of 257,478 shares trading hands. The stock had previously closed at $20.56.

A number of analysts have weighed in on the company. B. Riley restated a “buy” rating and issued a $22.00 price target on shares of Callidus Software in a research note on Monday, May 9th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Callidus Software in a research note on Wednesday, May 4th. Piper Jaffray Cos. raised their price target on Callidus Software to $25.00 in a research note on Thursday. Dougherty & Co cut their price target 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, Zacks Investment Research cut Callidus Software from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. One investment 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 target price of $21.25.

The stock has a 50-day moving average price of $19.76 and a 200-day moving average price of $16.86. The company’s market cap is $1.12 billion.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities research analysts expect that Callidus Software Inc. will post $0.28 EPS for the current year.

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

A number of hedge funds have made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Callidus Software by 16.0% in the fourth quarter. Rhumbline Advisers now owns 55,262 shares of the company’s stock worth $1,026,000 after buying an additional 7,610 shares during the period. Turner Investments L.P. purchased a new position in shares of Callidus Software during the fourth quarter worth approximately $1,393,000. Sei Investments Co. raised its position in shares of Callidus Software by 30.8% in the fourth quarter. Sei Investments Co. now owns 172,914 shares of the company’s stock worth $3,211,000 after buying an additional 40,740 shares in the last quarter. Monarch Partners Asset Management LLC raised its position in shares of 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. Finally, New York State Common Retirement Fund raised its position in shares of 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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