Callidus Software, Inc. (CALD) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Callidus Software, Inc. (NASDAQ:CALD) have earned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.88.
A number of brokerages recently commented on CALD. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. raised their price target on Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley reissued a “buy” rating and set a $24.50 price target on shares of Callidus Software in a report on Wednesday, May 10th. Finally, Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a research report on Monday, May 8th.
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In other Callidus Software news, insider Leslie Stretch sold 50,717 shares of Callidus Software stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $23.12, for a total value of $1,172,577.04. Following the transaction, the insider now directly owns 496,128 shares of the company’s stock, valued at $11,470,479.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction on Monday, May 8th. The stock was sold at an average price of $21.29, for a total transaction of $319,350.00. Following the completion of the transaction, the executive vice president now directly owns 344,260 shares in the company, valued at $7,329,295.40. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its stake in shares of Callidus Software by 1.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 42,240 shares of the technology company’s stock worth $710,000 after buying an additional 537 shares during the period. Comerica Bank raised its stake in shares of Callidus Software by 0.9% in the fourth quarter. Comerica Bank now owns 71,556 shares of the technology company’s stock worth $1,231,000 after buying an additional 658 shares during the period. US Bancorp DE raised its stake in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares during the period. Sei Investments Co. raised its stake in shares of Callidus Software by 13.3% in the first quarter. Sei Investments Co. now owns 11,003 shares of the technology company’s stock worth $235,000 after buying an additional 1,288 shares during the period. Finally, Millrace Asset Group Inc. raised its stake in shares of Callidus Software by 1.2% in the first quarter. Millrace Asset Group Inc. now owns 151,059 shares of the technology company’s stock worth $3,225,000 after buying an additional 1,845 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Callidus Software (NASDAQ CALD) traded down 0.105% during midday trading on Monday, reaching $23.675. The company’s stock had a trading volume of 43,502 shares. The stock has a 50-day moving average price of $22.50 and a 200-day moving average price of $20.04. Callidus Software has a 52-week low of $15.15 and a 52-week high of $24.85. The stock’s market cap is $1.54 billion.
Callidus Software Company Profile
Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback, among others.
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