Callidus Software PT Raised to $12.00 at Northland Capital Partners (CALD)
Research analysts at Northland Capital Partners upped their price objective on shares of Callidus Software (NASDAQ:CALD) from $10.00 to $12.00 in a report released on Wednesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target indicates a potential upside of 20.97% from the stock’s previous close.
Callidus Software (NASDAQ:CALD) traded up 15.35% during mid-day trading on Wednesday, hitting $9.92. The stock had a trading volume of 3,252,788 shares. Callidus Software has a one year low of $3.60 and a one year high of $9.36. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $6.48. The company’s market cap is $377.1 million.
Callidus Software (NASDAQ:CALD) last released its earnings data on Thursday, August 1st. The company reported ($0.02) earnings per share 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 last year, the company posted ($0.03) earnings per share. Callidus Software’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Callidus Software will post $0.03 EPS for the current fiscal year.
In other Callidus Software news, SVP Jimmy Duan sold 30,000 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $8.84, for a total transaction of $265,200.00. Following the completion of the sale, the senior vice president now directly owns 261,626 shares of the company’s stock, valued at approximately $2,312,774. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on CALD. Analysts at B. Riley raised their price target on shares of Callidus Software from $9.00 to $13.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $11.60.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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