Callidus Software Inc. (NASDAQ:CALD)’s share price was down 3.2% during trading 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 brokerages recently issued reports on CALD. Zacks Investment Research lowered shares of Callidus Software from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Piper Jaffray Cos. began coverage on shares of Callidus Software in a research report on Friday, April 1st. They set an “overweight” rating and a $21.00 target price on the stock. Roth Capital reaffirmed a “buy” rating on shares of Callidus Software in a research report on Wednesday, June 22nd. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $22.00 target price on shares of Callidus Software in a research report on Wednesday, May 18th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Callidus Software in a research report on Thursday, May 12th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.25.

The firm’s market cap is $1.15 billion. The firm has a 50 day moving average price of $19.79 and a 200-day moving average price of $16.88.

Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company earned $48.40 million during the quarter, compared to analyst estimates of $48.31 million. During the same period in the previous year, the company posted $0.04 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. 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 the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $17.16, for a total value of $599,330.16. Following the completion of the sale, the chief executive officer now owns 493,035 shares of the company’s stock, valued at approximately $8,460,480.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William B. Binch sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $17.25, for a total value of $258,750.00. Following the completion of the sale, the director now directly owns 114,082 shares of the company’s stock, valued at approximately $1,967,914.50. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in CALD. Rhumbline Advisers increased its stake in Callidus Software by 16.0% in the fourth quarter. Rhumbline Advisers now owns 55,262 shares of the company’s stock valued at $1,026,000 after buying an additional 7,610 shares during the last quarter. Turner Investments L.P. acquired a new stake in Callidus Software during the fourth quarter worth $1,393,000. Sei Investments Co. boosted its stake in 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 during the period. 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. Finally, 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.

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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