Wall Street analysts expect Callidus Software, Inc. (NASDAQ:CALD) to post $59.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Callidus Software’s earnings. The highest sales estimate is $59.34 million and the lowest is $58.80 million. Callidus Software reported sales of $49.75 million during the same quarter last year, which indicates a positive year over year growth rate of 18.6%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Callidus Software will report full year sales of $59.00 million for the current financial year, with estimates ranging from $243.75 million to $246.35 million. For the next fiscal year, analysts forecast that the company will post sales of $293.37 million per share, with estimates ranging from $289.00 million to $302.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Callidus Software.
CALD has been the topic of a number of research reports. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. boosted their price objective on Callidus Software to $30.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. William Blair restated an “outperform” rating on shares of Callidus Software in a research note on Wednesday, April 12th. Finally, ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.94.
Callidus Software (CALD) traded down 1.42% during trading on Friday, hitting $24.30. 298,597 shares of the company traded hands. The company’s market capitalization is $1.58 billion. Callidus Software has a 12-month low of $15.15 and a 12-month high of $25.65. The stock has a 50 day moving average price of $23.55 and a 200 day moving average price of $21.15.
In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $21.29, for a total transaction of $319,350.00. Following the completion of the transaction, the executive vice president now owns 344,260 shares of the company’s stock, valued at approximately $7,329,295.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Stretch sold 104,509 shares of Callidus Software stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total value of $2,612,725.00. Following the transaction, the insider now directly owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The disclosure for this sale can be found here. Insiders have sold a total of 170,226 shares of company stock valued at $4,104,652 in the last ninety days. Insiders own 1.61% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CALD. US Bancorp DE raised its position in shares of Callidus Software by 3.5% in the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after buying an additional 236 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Callidus Software by 1.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 42,240 shares of the technology company’s stock valued at $710,000 after buying an additional 537 shares during the last quarter. Sei Investments Co. raised its position in shares of Callidus Software by 13.3% in the first quarter. Sei Investments Co. now owns 11,003 shares of the technology company’s stock valued at $235,000 after buying an additional 1,288 shares during the last quarter. Millrace Asset Group Inc. raised its position in shares of Callidus Software by 1.2% in the first quarter. Millrace Asset Group Inc. now owns 151,059 shares of the technology company’s stock valued at $3,225,000 after buying an additional 1,845 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Callidus Software by 2.2% in the first quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock valued at $2,233,000 after buying an additional 2,300 shares during the last quarter. 99.77% of the stock is owned by institutional investors.
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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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