Callidus Software PT Raised to $12.00 (CALD)
Equities researchers at Roth Capital upped their price objective on shares of Callidus Software (NASDAQ:CALD) from $10.00 to $12.00 in a research report issued on Wednesday, AR Network reports. The firm currently has a “buy” rating on the stock. Roth Capital’s target price points to a potential upside of 20.97% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners raised their price target on shares of Callidus Software from $10.00 to $12.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $11.60.
In other Callidus Software news, 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 shares were 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 in the company, valued at approximately $2,312,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Callidus Software (NASDAQ:CALD) traded up 15.35% on Wednesday, hitting $9.92. 3,252,788 shares of the company’s stock traded hands. Callidus Software has a 1-year low of $3.60 and a 1-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 $377.1 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.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.