Piper Jaffray Companies set a $27.00 price objective on Callidus Software, Inc. (NASDAQ:CALD) in a research report released on Saturday, August 5th. The brokerage currently has a buy rating on the technology company’s stock.
A number of other brokerages have also recently weighed in on CALD. Jefferies Group LLC started coverage on Callidus Software in a report on Wednesday, July 26th. They set a buy rating and a $29.00 price objective on the stock. B. Riley reissued a buy rating and set a $28.00 price objective on shares of Callidus Software in a report on Friday, August 4th. ValuEngine raised Callidus Software from a sell rating to a hold rating in a report on Thursday, August 3rd. BidaskClub raised Callidus Software from a buy rating to a strong-buy rating in a report on Tuesday, June 27th. Finally, Oppenheimer Holdings, Inc. raised their price objective on Callidus Software to $30.00 and gave the company an outperform rating in a report on Friday, June 30th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $25.13.
Shares of Callidus Software (NASDAQ:CALD) opened at 24.10 on Friday. Callidus Software has a one year low of $15.15 and a one year high of $25.90. The firm’s market capitalization is $1.63 billion. The firm’s 50-day moving average is $23.96 and its 200 day moving average is $21.62.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.13. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Equities research analysts predict that Callidus Software will post $0.33 earnings per share for the current year.
In other Callidus Software news, insider Leslie Stretch sold 50,717 shares of Callidus Software stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $23.12, for a total value of $1,172,577.04. Following the transaction, the insider now directly owns 496,128 shares of the company’s stock, valued at approximately $11,470,479.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jimmy C. Duan sold 14,863 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 in the company, valued at $8,113,902.48. The disclosure for this sale can be found here. Insiders sold a total of 221,776 shares of company stock worth $5,417,341 over the last ninety days. Insiders own 1.61% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new position in Callidus Software during the second quarter valued at about $84,553,000. Capital World Investors raised 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 buying an additional 1,610,000 shares in the last quarter. Hood River Capital Management LLC raised its stake in Callidus Software by 52.0% in the first quarter. Hood River Capital Management LLC now owns 1,505,753 shares of the technology company’s stock valued at $32,148,000 after buying an additional 515,283 shares in the last quarter. American Century Companies Inc. purchased a new stake in Callidus Software during the second quarter valued at $8,255,000. Finally, Ameriprise Financial Inc. raised its stake in Callidus Software by 200.9% in the second quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock valued at $11,157,000 after buying an additional 307,842 shares in the last quarter. 94.70% of the stock is currently owned by hedge funds and other 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.
Receive News & Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
