Callidus Software Inc. Hits New 52-Week High at $10.15 (CALD)
Shares of Callidus Software (NASDAQ:CALD) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings Net reports. The company traded as high as $10.15 and last traded at $9.95, with a volume of 2,773,504 shares trading hands. The stock had previously closed at $8.60.
A number of research firms have recently commented on CALD. Analysts at Oppenheimer raised their price target on shares of Callidus Software from $9.00 to $11.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $10.00.
In other Callidus Software news, SVP Jimmy Duan sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $8.84, for a total value 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 document filed with the SEC, which is available at this link.
Callidus Software has a one year low of $3.60 and a one year 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 $377.5 million.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results 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.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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