Callidus Software, Inc. (NASDAQ:CALD) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, August 3rd.
Other equities research analysts have also recently issued reports about the stock. Dougherty & Co upgraded shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 15th. B. Riley reiterated a “buy” rating and set a $24.50 price objective on shares of Callidus Software in a report on Wednesday, May 10th. Jefferies Group LLC began coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price objective for the company. Oppenheimer Holdings, Inc. lifted their price objective on shares of Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Finally, William Blair reiterated an “outperform” rating on shares of Callidus Software in a report on Wednesday, April 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.13.
Callidus Software (NASDAQ CALD) opened at 24.25 on Thursday. Callidus Software has a 52 week low of $15.15 and a 52 week high of $25.90. The firm’s market capitalization is $1.64 billion. The company has a 50-day moving average of $23.96 and a 200-day moving average of $21.64.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.13. The company had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, equities analysts forecast that Callidus Software will post $0.33 earnings per share for the current fiscal year.
In related news, CFO Roxanne Oulman sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at $3,803,311.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.30, for a total transaction of $903,644.10. Following the completion of the sale, the insider now directly owns 349,145 shares in the company, valued at approximately $8,484,223.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,776 shares of company stock worth $5,417,341. 1.61% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of 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 valued at $16,265,000 after buying an additional 57,547 shares in the last quarter. Swiss National Bank raised its stake 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Callidus Software by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock valued at $6,783,000 after buying an additional 12,684 shares in the last quarter. US Bancorp DE raised its stake in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock valued at $142,000 after buying an additional 784 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Callidus Software by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 169,468 shares of the technology company’s stock valued at $3,618,000 after buying an additional 105,056 shares in the last quarter. 94.70% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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