Callidus Software SVP Sells $318,900 in Stock (CALD)
Callidus Software (NASDAQ:CALD) SVP Jimmy Duan sold 30,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $10.63, for a total transaction of $318,900.00. Following the transaction, the senior vice president now directly owns 261,626 shares in the company, valued at approximately $2,781,084. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CALD has been the subject of a number of recent research reports. Analysts at Northland Securities reiterated a “buy” rating on shares of Callidus Software in a research note to investors on Wednesday, October 9th. They now have a $10.00 price target on the stock. Separately, 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, October 9th. They now have a “buy” rating on the stock. Finally, 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, October 9th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, Callidus Software has an average rating of “Buy” and a consensus target price of $11.60.
Shares of Callidus Software (NASDAQ:CALD) traded up 0.56% during mid-day trading on Tuesday, hitting $10.79. The stock had a trading volume of 357,971 shares. Callidus Software has a one year low of $3.60 and a one year high of $8.93. The stock’s 50-day moving average is $7.53 and its 200-day moving average is $5.92. The company’s market cap is $410.2 million.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.02) earnings per share (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 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 $0.05 EPS 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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