Callidus Software, Inc. (NASDAQ:CALD) – Jefferies Group issued their Q2 2017 earnings estimates for Callidus Software in a research note issued on Wednesday. Jefferies Group analyst J. Difucci anticipates that the technology company will post earnings per share of ($0.08) for the quarter. Jefferies Group has a “Buy” rating and a $29.00 price target on the stock. Jefferies Group also issued estimates for Callidus Software’s Q3 2017 earnings at ($0.02) EPS, Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.20) EPS.
CALD has been the topic of several other reports. Oppenheimer Holdings, Inc. upped their price objective on shares of Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and set a $24.50 price objective on shares of Callidus Software in a research report on Friday, May 5th. William Blair reaffirmed an “outperform” rating on shares of Callidus Software in a research report on Wednesday, April 12th. Finally, Dougherty & Co raised shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.94.
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Shares of Callidus Software (NASDAQ:CALD) opened at 24.30 on Monday. The firm has a 50-day moving average of $23.55 and a 200-day moving average of $21.15. The company’s market capitalization is $1.58 billion. Callidus Software has a one year low of $15.15 and a one year high of $25.65.
In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction dated 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 owns 344,260 shares of the company’s stock, valued at approximately $7,329,295.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Stretch sold 104,509 shares of Callidus Software stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total value of $2,612,725.00. Following the transaction, the insider now directly owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The disclosure for this sale can be found here. In the last three months, insiders sold 170,226 shares of company stock valued at $4,104,652. 1.61% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of CALD. State Street Corp increased its position in shares of Callidus Software by 7.1% in the fourth quarter. State Street Corp now owns 1,101,937 shares of the technology company’s stock valued at $18,511,000 after buying an additional 73,275 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock valued at $16,265,000 after buying an additional 57,547 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Callidus Software during the first quarter valued at approximately $493,000. MARSHALL WACE ASIA Ltd purchased a new stake in Callidus Software during the first quarter valued at approximately $5,421,000. Finally, Pier Capital LLC purchased a new stake in Callidus Software during the first quarter valued at approximately $5,963,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.
About Callidus Software
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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