Callidus Software Inc. (NASDAQ:CALD)’s share price rose 3.7% during trading on Friday . The company traded as high as $19.95 and last traded at $19.93, with a volume of 258,947 shares changing hands. The stock had previously closed at $19.21.

CALD has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price on shares of Callidus Software in a report on Monday, May 9th. Zacks Investment Research cut shares of Callidus Software from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Credit Suisse Group AG reissued a “buy” rating on shares of Callidus Software in a research note on Thursday, May 12th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $22.00 price objective on shares of Callidus Software in a research note on Wednesday, May 18th. Finally, Roth Capital reissued a “buy” rating on shares of Callidus Software in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $22.00.

The company has a 50 day moving average of $19.83 and a 200 day moving average of $17.76. The company’s market cap is $1.14 billion.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. During the same quarter last year, the business earned $0.03 earnings per share. The firm had revenue of $49.80 million for the quarter, compared to the consensus estimate of $50.32 million. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts predict that Callidus Software Inc. will post $0.28 earnings per share for the current fiscal year.

In related news, insider Leslie Stretch sold 37,500 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $19.21, for a total transaction of $720,375.00. Following the transaction, the insider now directly owns 511,670 shares in the company, valued at $9,829,180.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bob L. Corey sold 13,115 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $19.41, for a total value of $254,562.15. Following the transaction, the chief financial officer now owns 194,412 shares in the company, valued at $3,773,536.92. The disclosure for this sale can be found here.

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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