Brokerages Set Callidus Software, Inc. (CALD) Target Price at $27.17
Callidus Software, Inc. (NASDAQ:CALD) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.17.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Oppenheimer Holdings Inc. raised their price target on shares of Callidus Software to $30.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC began coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th.
Callidus Software (CALD) traded up 1.39% during midday trading on Friday, hitting $25.45. 253,791 shares of the stock traded hands. Callidus Software has a 1-year low of $15.15 and a 1-year high of $27.35. The stock’s market cap is $1.72 billion. The company has a 50-day moving average of $24.66 and a 200-day moving average of $22.82.
Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data 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 6.25% and a negative net margin of 10.08%. The company had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts expect that Callidus Software will post $0.33 EPS for the current fiscal year.
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In related news, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $23.89, for a total value of $131,395.00. Following the sale, the chief financial officer now owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Leslie Stretch sold 104,509 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the completion of the sale, the insider now directly owns 324,145 shares in the company, valued at approximately $8,103,625. The disclosure for this sale can be found here. Insiders have sold a total of 171,059 shares of company stock valued at $4,244,764 over the last ninety days. 1.61% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of CALD. American Century Companies Inc. bought a new position in Callidus Software during the second quarter worth about $8,255,000. UBS Asset Management Americas Inc. boosted its holdings in Callidus Software by 8.2% during the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock valued at $16,265,000 after purchasing an additional 57,547 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Callidus Software during the first quarter valued at approximately $493,000. American International Group Inc. boosted its holdings in Callidus Software by 15.3% during the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock valued at $788,000 after purchasing an additional 4,902 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Callidus Software in the 1st quarter valued at approximately $5,421,000. 94.84% of the stock is 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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