Callidus Software Inc. (NASDAQ:CALD)’s share price shot up 2.7% during trading on Wednesday . The stock traded as high as $19.87 and last traded at $19.85, with a volume of 540,531 shares trading hands. The stock had previously closed at $19.32.

Several research firms recently commented on CALD. Piper Jaffray Cos. increased their target price on Callidus Software from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 21st. Dougherty & Co lowered Callidus Software from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. B. Riley reissued a “buy” rating and issued a $21.00 target price on shares of Callidus Software in a report on Wednesday, August 3rd. Zacks Investment Research raised Callidus Software from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Roth Capital reissued a “buy” rating on shares of Callidus Software in a report on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.00.

The stock has a 50-day moving average of $19.90 and a 200 day moving average of $17.17. The stock’s market cap is $1.13 billion.

Callidus Software (NASDAQ:CALD) last posted its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $49.80 million for the quarter, compared to analyst estimates of $50.32 million. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. On average, equities research analysts forecast that Callidus Software Inc. will post $0.28 EPS for the current year.

In related news, Director William B. Binch sold 15,000 shares of Callidus Software stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $17.25, for a total transaction of $258,750.00. Following the transaction, the director now owns 114,082 shares in the company, valued at approximately $1,967,914.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Leslie Stretch sold 34,926 shares of Callidus Software 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 transaction, the chief executive officer now owns 493,035 shares in the company, valued at approximately $8,460,480.60. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of the stock. Rhumbline Advisers raised its position 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. Bank of Montreal Can raised 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 valued at $17,950,000 after buying an additional 6,557 shares during the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $30,798,000 after buying an additional 67,842 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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