Callidus Software’s (CALD) “Buy” Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Callidus Software, Inc. (NASDAQ:CALD) in a research note issued to investors on Friday. They currently have a $30.00 target price on the technology company’s stock.
Other equities research analysts also recently issued reports about the company. Jefferies Group LLC started coverage on Callidus Software in a research note on Wednesday, July 26th. They issued a buy rating and a $29.00 price objective for the company. B. Riley reissued a buy rating and issued a $28.00 price objective on shares of Callidus Software in a research note on Wednesday. BidaskClub downgraded 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 stock a buy rating in a research note on Saturday, August 5th. Finally, ValuEngine raised Callidus Software from a sell rating to a hold rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Callidus Software has a consensus rating of Buy and an average price target of $26.57.
Shares of Callidus Software (CALD) traded up 0.20% on Friday, reaching $24.65. 298,650 shares of the company traded hands. Callidus Software has a 52-week low of $15.15 and a 52-week high of $27.35. The firm has a 50-day moving average of $24.58 and a 200-day moving average of $22.52. The company’s market capitalization is $1.67 billion.
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). The business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that Callidus Software will post $0.33 earnings per share for the current fiscal year.
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In other news, CFO Roxanne Oulman sold 5,500 shares of the firm’s stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leslie Stretch sold 104,509 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 324,145 shares of the company’s stock, valued at $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. Company insiders own 1.61% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of Callidus Software in the 1st quarter valued at approximately $103,000. JPMorgan Chase & Co. raised its stake in shares of Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after acquiring an additional 492 shares in the last quarter. US Bancorp DE raised its stake in shares of Callidus Software by 13.3% in the 1st quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock valued at $142,000 after acquiring an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Callidus Software in the 1st quarter valued at approximately $146,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after acquiring an additional 6,703 shares in the last quarter. 94.84% of the stock is owned by 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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