Callidus Software Inc. (CALD) Sees Large Volume Increase
Callidus Software Inc. (NASDAQ:CALD) saw strong trading volume on Tuesday . 480,882 shares traded hands during trading, a decline of 9% from the previous session’s volume of 528,325 shares.The stock last traded at $18.26 and had previously closed at $18.25.
A number of analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of Callidus Software in a report on Tuesday, August 9th. Piper Jaffray Cos. increased their price target on shares of Callidus Software from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 21st. Zacks Investment Research raised shares of Callidus Software from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, August 8th. Roth Capital reissued a “buy” rating on shares of Callidus Software in a report on Wednesday, June 1st. Finally, Dougherty & Co downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Callidus Software has a consensus rating of “Buy” and a consensus target price of $21.11.
The company’s market cap is $1.03 billion. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $18.28.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $50.32 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts predict that Callidus Software Inc. will post $0.27 EPS for the current year.
In other news, Director Charles Boesenberg sold 17,670 shares of Callidus Software stock in a transaction on Monday, August 15th. The shares were sold at an average price of $19.77, for a total value of $349,335.90. Following the transaction, the director now directly owns 156,176 shares of the company’s stock, valued at approximately $3,087,599.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Stretch sold 37,500 shares of Callidus Software stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $19.21, for a total transaction of $720,375.00. Following the completion of the transaction, 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.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in shares of Callidus Software by 27.4% in the second quarter. Macquarie Group Ltd. now owns 919,870 shares of the company’s stock worth $18,379,000 after buying an additional 198,050 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Callidus Software by 0.5% in the second quarter. Royal Bank of Canada now owns 33,831 shares of the company’s stock worth $676,000 after buying an additional 181 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Callidus Software by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 439,296 shares of the company’s stock worth $8,777,000 after buying an additional 12,493 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Callidus Software by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 195,469 shares of the company’s stock worth $3,906,000 after buying an additional 3,312 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Callidus Software during the second quarter worth approximately $729,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.
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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