Callidus Software, Inc. (CALD) Sets New 52-Week High on Analyst Upgrade
Callidus Software, Inc. (NASDAQ:CALD) hit a new 52-week high on Friday after Jefferies Group raised their price target on the stock from $29.00 to $32.00. Jefferies Group currently has a buy rating on the stock. Callidus Software traded as high as $28.30 and last traded at $0.00, with a volume of shares trading hands.
A number of other equities research analysts have also recently weighed in on CALD. B. Riley reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a research note on Friday, August 4th. Credit Suisse Group lifted their price objective on Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Piper Jaffray Companies set a $27.00 price objective on Callidus Software and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Callidus Software in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $28.29.
In related news, CFO Roxanne Oulman sold 5,500 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was 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 of the company’s stock, valued at approximately $3,803,311.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jimmy C. Duan sold 14,863 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 322,236 shares of the company’s stock, valued at $8,113,902.48. The disclosure for this sale can be found here. Insiders have sold a total of 66,550 shares of company stock valued at $1,632,039 over the last three months. 1.61% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Callidus Software by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Callidus Software by 17.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after buying an additional 858 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Callidus Software during the 1st quarter worth about $146,000. US Bancorp DE lifted its holdings in Callidus Software by 3.5% during the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock worth $168,000 after buying an additional 236 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Callidus Software by 1,877.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after buying an additional 6,703 shares during the last quarter. 94.89% of the stock is owned by hedge funds and other institutional investors.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.13). The company had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. Callidus Software had a negative net margin of 9.54% and a negative return on equity of 5.71%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. equities analysts predict that Callidus Software, Inc. will post -0.21 EPS for the current fiscal year.
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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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