Callidus Software, Inc. (CALD) Given Average Recommendation of “Buy” by Brokerages
Shares of Callidus Software, Inc. (NASDAQ:CALD) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $27.17.
Several research analysts have recently commented on CALD shares. B. Riley reaffirmed a “buy” rating and set a $24.50 target price on shares of Callidus Software in a report on Friday, May 5th. Jefferies Group LLC started coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. Piper Jaffray Companies set a $27.00 target price on shares of Callidus Software and gave the stock a “buy” rating in a report on Saturday, August 5th. ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Dougherty & Co raised shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 15th.
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In related news, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.30, for a total value of $903,644.10. Following the transaction, the insider now directly owns 349,145 shares of the company’s stock, valued at $8,484,223.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the completion of the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at $3,803,311.89. The disclosure for this sale can be found here. Insiders sold 221,776 shares of company stock worth $5,417,341 over the last three months. 1.61% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank purchased a new position in shares of Callidus Software during the second quarter worth about $200,000. BlackRock Inc. boosted its position in shares of Callidus Software by 5.8% in the second quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock worth $97,652,000 after buying an additional 220,174 shares during the period. Nationwide Fund Advisors boosted its position in shares of Callidus Software by 433.1% in the second quarter. Nationwide Fund Advisors now owns 192,516 shares of the technology company’s stock worth $4,659,000 after buying an additional 156,403 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Callidus Software by 200.9% in the second quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock worth $11,157,000 after buying an additional 307,842 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Callidus Software by 17.5% in the second quarter. Teachers Advisors LLC now owns 116,950 shares of the technology company’s stock worth $2,830,000 after buying an additional 17,441 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Callidus Software (NASDAQ:CALD) traded up 0.65% during midday trading on Friday, hitting $23.40. The stock had a trading volume of 37,462 shares. The company’s 50 day moving average is $24.00 and its 200 day moving average is $21.46. Callidus Software has a 1-year low of $15.15 and a 1-year high of $25.90. The company’s market cap is $1.58 billion.
Callidus Software (NASDAQ:CALD) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.13. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Callidus Software will post $0.33 earnings per share for the current fiscal year.
Callidus Software Company Profile
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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