Shares of Callidus Software Inc. (NASDAQ:CALD) fell 2.7% during mid-day trading on Monday . The company traded as low as $19.54 and last traded at $19.62, with a volume of 207,904 shares traded. The stock had previously closed at $20.17.

A number of brokerages have recently issued reports on CALD. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Callidus Software in a research note on Wednesday, May 4th. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of Callidus Software in a research note on Sunday, May 15th. Piper Jaffray Cos. increased their price objective 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. Dougherty & Co reduced their price objective on shares of Callidus Software from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, May 4th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Callidus Software in a research note on Thursday, May 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.00.

The firm’s market capitalization is $1.12 billion. The company has a 50-day moving average price of $19.99 and a 200 day moving average price of $17.36.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, beating the 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. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Equities analysts anticipate that Callidus Software Inc. will post $0.28 earnings per share for the current fiscal year.

In other Callidus Software news, insider Leslie Stretch sold 7,000 shares of Callidus Software stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $19.78, for a total transaction of $138,460.00. Following the completion of the sale, the insider now directly owns 467,170 shares in the company, valued at approximately $9,240,622.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bob L. Corey sold 13,115 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $19.41, for a total transaction of $254,562.15. Following the completion of the transaction, the chief financial officer now owns 194,412 shares of the company’s stock, valued at $3,773,536.92. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Callidus Software stock. Rhumbline Advisers boosted its stake in shares of Callidus Software Inc. (NASDAQ:CALD) by 16.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,262 shares of the company’s stock after buying an additional 7,610 shares during the period. Rhumbline Advisers owned about 0.10% of Callidus Software worth $1,026,000 as of its most recent filing with the SEC.

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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