Callidus Software Inc. (NASDAQ:CALD)’s share price fell 2.1% on Friday . The stock traded as low as $20.07 and last traded at $20.49, with a volume of 148,767 shares. The stock had previously closed at $20.94.

Several research firms recently weighed in on CALD. B. Riley reissued a “buy” rating and set a $22.00 price objective on shares of Callidus Software in a research report on Wednesday, May 4th. Roth Capital reissued a “buy” rating on shares of Callidus Software in a research report on Wednesday, June 1st. Dougherty & Co cut their price objective on Callidus Software from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Callidus Software in a research report on Wednesday, May 4th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $21.00 price objective on shares of Callidus Software in a research report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.25.

The company’s market cap is $1.17 billion. The firm’s 50 day moving average is $19.93 and its 200-day moving average is $17.01.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company earned $48.40 million during the quarter, compared to the consensus estimate of $48.31 million. During the same quarter in the previous year, the business earned $0.04 EPS. Callidus Software’s revenue was up 21.7% on a year-over-year basis. Equities research analysts predict that Callidus Software Inc. will post $0.28 earnings per share for the current year.

In other news, Director Mark Culhane sold 15,000 shares of the firm’s 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 completion of the transaction, the director now owns 51,761 shares in the company, valued at approximately $887,701.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Leslie Stretch sold 34,926 shares of the firm’s stock in a transaction dated 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 approximately $8,460,480.60. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in CALD. Monarch Partners Asset Management LLC boosted 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 valued at $3,728,000 after buying an additional 94,900 shares during the last quarter. Turner Investments L.P. acquired a new position in Callidus Software during the fourth quarter worth approximately $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 during 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 during 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 during 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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