Callidus Software Receives Buy Rating from Northland Securities (CALD)
Callidus Software (NASDAQ:CALD)‘s stock had its “buy” rating restated by analysts at Northland Securities in a research report issued to clients and investors on Wednesday, American Banking News.com reports. They currently have a $10.00 target price on the stock. Northland Securities’ target price indicates a potential upside of 0.81% from the stock’s previous close.
In other Callidus Software news, SVP Jimmy Duan unloaded 30,000 shares of the 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 value of $265,200.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Callidus Software (NASDAQ:CALD) traded up 15.35% during mid-day trading 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 $10.15. The stock’s 50-day moving average is $8.56 and its 200-day moving average is $6.51. 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) 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.
CALD has been the subject of a number of other recent research reports. Analysts at Roth Capital 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 a “buy” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target 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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