Insider Selling: Callidus Software, Inc. (NASDAQ:CALD) CFO Sells 5,500 Shares of Stock
Callidus Software, Inc. (NASDAQ:CALD) CFO Roxanne Oulman sold 5,500 shares of Callidus Software 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 completion of the sale, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Callidus Software, Inc. (NASDAQ CALD) traded down 4.91% during trading on Thursday, hitting $23.25. The stock had a trading volume of 319,744 shares. The firm has a 50-day moving average of $23.99 and a 200 day moving average of $21.45. The company’s market capitalization is $1.57 billion. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $25.90.
Callidus Software (NASDAQ:CALD) last announced 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. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The company had revenue of $61.30 million for the quarter, compared to analyst estimates of $58.95 million. During the same quarter in the prior year, the company posted $0.06 EPS. Callidus Software’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts predict that Callidus Software, Inc. will post $0.33 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock worth $16,265,000 after buying an additional 57,547 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Callidus Software during the first quarter worth $493,000. MARSHALL WACE ASIA Ltd acquired a new stake in Callidus Software during the first quarter worth $5,421,000. American International Group Inc. raised its stake in Callidus Software by 15.3% in the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock worth $788,000 after buying an additional 4,902 shares in the last quarter. Finally, Pier Capital LLC acquired a new stake in Callidus Software during the first quarter worth $5,963,000. Institutional investors own 99.77% of the company’s stock.
Several analysts have issued reports on CALD shares. B. Riley reissued a “buy” rating and issued a $24.50 price target on shares of Callidus Software in a research note on Friday, May 5th. 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 target on the stock. Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the company a “buy” rating in a research note on Saturday, August 5th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Dougherty & Co raised Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 15th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Callidus Software presently has an average rating of “Buy” and a consensus price target of $25.13.
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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