Callidus Software PT Raised to $13.00 at B. Riley (CALD)
Stock analysts at B. Riley increased their price objective on shares of Callidus Software (NASDAQ:CALD) from $9.00 to $13.00 in a report issued on Wednesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 31.05% from the company’s current price.
Callidus Software (NASDAQ:CALD) traded up 15.35% on Wednesday, hitting $9.92. The stock had a trading volume of 3,252,788 shares. Callidus Software has a 1-year low of $3.60 and a 1-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 issued its quarterly 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 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. Analysts expect that Callidus Software will post $0.03 EPS for the current fiscal year.
CALD has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a buy rating, The company presently 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 Callidus Software 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 of the company’s stock, valued at approximately $2,312,774. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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