Callidus Software, Inc. (CALD) Raised to Hold at ValuEngine
ValuEngine upgraded shares of Callidus Software, Inc. (NASDAQ:CALD) from a sell rating to a hold rating in a research note published on Thursday.
CALD has been the topic of several other reports. Oppenheimer Holdings, Inc. raised their price target on Callidus Software to $30.00 and gave the stock an outperform rating in a research report on Friday, June 30th. B. Riley restated a buy rating and set a $24.50 price target on shares of Callidus Software in a research report on Friday, May 5th. Jefferies Group LLC began coverage on Callidus Software in a research report on Wednesday, July 26th. They set a buy rating and a $29.00 price target on the stock. William Blair reiterated an outperform rating on shares of Callidus Software in a report on Wednesday, April 12th. Finally, Dougherty & Co upgraded Callidus Software from a sell rating to a neutral rating in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $24.67.
Callidus Software (NASDAQ CALD) traded up 2.88% during trading on Thursday, hitting $25.00. The company had a trading volume of 487,761 shares. The stock’s market capitalization is $1.62 billion. The company’s 50 day moving average price is $23.60 and its 200-day moving average price is $21.20. Callidus Software has a 1-year low of $15.15 and a 1-year high of $25.90.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.13. Callidus Software had a negative return on equity of 6.28% and a negative net margin of 10.08%. The company had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Callidus Software’s revenue was up 23.1% compared to the same quarter last year. On average, analysts expect that Callidus Software will post $0.31 EPS for the current year.
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In other news, insider Leslie Stretch sold 104,509 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total value of $2,612,725.00. Following the completion of the transaction, the insider now owns 324,145 shares in the company, valued at approximately $8,103,625. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $21.29, for a total value of $319,350.00. Following the completion of the transaction, the executive vice president now owns 344,260 shares of the company’s stock, valued at approximately $7,329,295.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,226 shares of company stock valued at $4,104,652. 1.61% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC boosted its position in Callidus Software by 52.0% in the first quarter. Hood River Capital Management LLC now owns 1,505,753 shares of the technology company’s stock worth $32,148,000 after buying an additional 515,283 shares during the last quarter. FMR LLC boosted its position in Callidus Software by 5.5% in the first quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock worth $116,919,000 after buying an additional 283,900 shares during the last quarter. Pier Capital LLC purchased a new position in Callidus Software during the first quarter worth approximately $5,963,000. MARSHALL WACE ASIA Ltd purchased a new position in Callidus Software during the first quarter worth approximately $5,421,000. Finally, Marshall Wace North America L.P. purchased a new position in Callidus Software during the first quarter worth approximately $5,421,000. Institutional investors own 99.77% of the company’s stock.
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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