Callidus Software, Inc. (CALD) Rating Reiterated by Oppenheimer Holdings, Inc.
Callidus Software, Inc. (NASDAQ:CALD)‘s stock had its “buy” rating restated by equities research analysts at Oppenheimer Holdings, Inc. in a report released on Monday. They currently have a $30.00 target price on the technology company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 17.65% from the stock’s current price.
CALD has been the topic of several other reports. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the stock a “buy” rating in a report on Saturday, August 5th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC started coverage on Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. Finally, B. Riley reissued a “buy” rating and set a $28.00 target price on shares of Callidus Software in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.13.
Shares of Callidus Software (NASDAQ CALD) traded up 3.33% during midday trading on Monday, hitting $26.35. 241,355 shares of the stock traded hands. Callidus Software has a 1-year low of $15.15 and a 1-year high of $26.45. The stock has a 50 day moving average of $24.49 and a 200 day moving average of $22.37. The company’s market capitalization is $1.78 billion.
Callidus Software (NASDAQ:CALD) last released its 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). The company had revenue of $61.30 million for the quarter, compared to analyst estimates of $58.95 million. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Equities research analysts predict that Callidus Software will post $0.33 earnings per share for the current fiscal year.
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In other Callidus Software news, insider Leslie Stretch sold 104,509 shares of Callidus Software 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 sale, the insider now directly owns 324,145 shares in the company, valued at $8,103,625. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jimmy C. Duan sold 14,863 shares of Callidus Software stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the sale, the executive vice president now owns 322,236 shares of the company’s stock, valued at $8,113,902.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,059 shares of company stock valued at $4,244,764. 1.61% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Callidus Software by 5.5% in the first quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock valued at $116,919,000 after acquiring an additional 283,900 shares during the period. BlackRock Inc. grew its stake in Callidus Software by 5.8% in the second quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock valued at $97,652,000 after acquiring an additional 220,174 shares during the period. Janus Henderson Group PLC acquired a new stake in Callidus Software in the second quarter valued at approximately $84,553,000. Capital World Investors grew its stake in Callidus Software by 94.7% in the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock valued at $80,102,000 after acquiring an additional 1,610,000 shares during the period. Finally, Wasatch Advisors Inc. grew its stake in Callidus Software by 4.7% in the second quarter. Wasatch Advisors Inc. now owns 3,242,822 shares of the technology company’s stock valued at $78,476,000 after acquiring an additional 144,840 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.
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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