Callidus Software Inc. (NASDAQ:CALD) – Investment analysts at Roth Capital increased their FY2016 earnings per share (EPS) estimates for shares of Callidus Software in a note issued to investors on Tuesday. Roth Capital analyst R. Baldry now expects that the brokerage will earn ($0.22) per share for the year, up from their prior forecast of ($0.23). Roth Capital has a “Buy” rating on the stock. Roth Capital also issued estimates for Callidus Software’s Q2 2017 earnings at ($0.07) EPS, Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.21) EPS.

Several other equities analysts have also recently commented on the stock. Dougherty & Co cut shares of Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research note on Monday. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Callidus Software in a research note on Monday. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective on shares of Callidus Software in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Callidus Software from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, August 8th. Finally, Piper Jaffray Cos. reissued an “overweight” rating on shares of Callidus Software in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.11.

Callidus Software (NASDAQ:CALD) traded down 0.22% during midday trading on Friday, hitting $18.13. 150,605 shares of the stock traded hands. The stock’s 50-day moving average price is $19.34 and its 200 day moving average price is $18.28. The company’s market capitalization is $1.04 billion. Callidus Software has a 52 week low of $11.48 and a 52 week high of $21.64.

Callidus Software (NASDAQ:CALD) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Callidus Software had a negative net margin of 7.69% and a negative return on equity of 6.53%. The company earned $49.80 million during the quarter, compared to analysts’ expectations of $50.32 million. During the same period in the prior year, the company posted $0.03 earnings per share. Callidus Software’s revenue for the quarter was up 19.7% compared to the same quarter last year.

In other news, Director Charles Boesenberg sold 17,670 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $19.77, for a total value of $349,335.90. Following the sale, the director now directly owns 156,176 shares of the company’s stock, valued at approximately $3,087,599.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Stretch sold 37,500 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.21, for a total transaction of $720,375.00. Following the completion of the sale, the insider now directly owns 511,670 shares in the company, valued at $9,829,180.70. The disclosure for this sale can be found here. 3.23% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Callidus Software by 7.7% in the first quarter. Franklin Resources Inc. now owns 3,043,910 shares of the company’s stock worth $50,773,000 after buying an additional 217,346 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Callidus Software by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,488,416 shares of the company’s stock worth $24,827,000 after buying an additional 32,784 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in Callidus Software by 124.2% in the first quarter. Palisade Capital Management LLC NJ now owns 153,750 shares of the company’s stock worth $2,565,000 after buying an additional 85,170 shares in the last quarter. Menta Capital LLC acquired a new stake in Callidus Software during the first quarter worth $186,000. Finally, Tiverton Asset Management LLC acquired a new stake in Callidus Software during the first quarter worth $1,500,000. 97.98% of the stock is currently owned by hedge funds and other institutional investors.

About Callidus Software

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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