Insider Selling: Jimmy Duan Unloads 30,000 Shares of Callidus Software Stock (CALD)
Callidus Software (NASDAQ:CALD) SVP Jimmy Duan sold 30,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $8.84, for a total transaction of $265,200.00. Following the transaction, the senior vice president now directly owns 261,626 shares of the company’s stock, valued at approximately $2,312,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Callidus Software (NASDAQ:CALD) traded down 3.37% during mid-day trading on Tuesday, hitting $8.60. The stock had a trading volume of 310,733 shares. Callidus Software has a 52 week low of $3.60 and a 52 week high of $9.36. The stock has a 50-day moving average of $8.48 and a 200-day moving average of $6.48. The company’s market cap is $327.0 million.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.02) EPS for the quarter. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $25.11 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Callidus Software will post $0.03 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Northland Securities reiterated a “buy” rating on shares of Callidus Software in a research note to investors on Monday, September 9th. They now have a $10.00 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of Callidus Software from $8.00 to $10.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Callidus Software from $7.00 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $9.75.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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