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

A number of research firms have recently commented on CALD. Piper Jaffray Cos. boosted their target price on shares of Callidus Software from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of Callidus Software from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Roth Capital reaffirmed a “buy” rating on shares of Callidus Software in a research note on Wednesday, June 22nd. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $22.00 price objective on shares of Callidus Software in a research note on Wednesday, May 18th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 price objective on shares of Callidus Software in a research note on Sunday, May 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.25.

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

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.06 EPS 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 analyst estimates of $48.31 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. Equities analysts forecast that Callidus Software Inc. will post $0.28 earnings per share for the current year.

In related news, 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 sale, the chief executive officer now owns 493,035 shares in the company, valued at $8,460,480.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Binch sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $17.25, for a total transaction of $258,750.00. Following the completion of the sale, the director now 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 hedge funds recently made changes to their positions in the stock. 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 valued at $1,026,000 after buying an additional 7,610 shares during the period. Turner Investments L.P. acquired a new position in shares of Callidus Software during the fourth quarter worth about $1,393,000. 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 worth $3,728,000 after buying an additional 94,900 shares during the last quarter. New York State Common Retirement Fund boosted 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 during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of 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.

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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