According to Zacks, “Callidus Software provides Enterprise Incentive Management software that enables large businesses to plan, model and manage pay-for-performance compensation programs designed to align employee, sales and channel tactics with targeted business objectives. “
Several other brokerages have also recently weighed in on CALD. Piper Jaffray Cos. raised their price objective on Callidus Software from $21.00 to $25.00 and gave the company an overweight rating in a report on Thursday, July 21st. B. Riley restated a buy rating and issued a $21.00 price objective on shares of Callidus Software in a report on Wednesday, August 3rd. Dougherty & Co cut Callidus Software from a buy rating to a neutral rating in a report on Wednesday, August 3rd. Credit Suisse Group AG restated an outperform rating and issued a $22.00 price objective on shares of Callidus Software in a report on Monday, September 19th. Finally, Roth Capital restated a buy rating on shares of Callidus Software in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $21.11.
Callidus Software (NASDAQ:CALD) traded down 0.28% during trading on Tuesday, reaching $18.00. The company’s stock had a trading volume of 170,138 shares. The firm’s 50-day moving average is $19.05 and its 200-day moving average is $18.61. Callidus Software has a 52-week low of $11.48 and a 52-week high of $21.64. The stock’s market cap is $1.03 billion.
Callidus Software (NASDAQ:CALD) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm earned $49.80 million during the quarter, compared to analysts’ expectations of $50.32 million. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Equities research analysts forecast that Callidus Software will post $0.27 EPS for the current year.
In other news, Director Mark Culhane sold 11,761 shares of Callidus Software stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $19.60, for a total value of $230,515.60. Following the completion of the sale, the director now directly owns 33,812 shares in the company, valued at $662,715.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Leslie Stretch sold 7,000 shares of Callidus Software stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $19.78, for a total transaction of $138,460.00. Following the completion of the sale, the insider now owns 467,170 shares of the company’s stock, valued at $9,240,622.60. The disclosure for this sale can be found here. Company insiders own 3.23% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CALD. BlackRock Inc. increased its stake in Callidus Software by 21.0% in the second quarter. BlackRock Inc. now owns 5,095 shares of the company’s stock worth $102,000 after buying an additional 883 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Callidus Software by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 7,861 shares of the company’s stock worth $157,000 after buying an additional 950 shares during the last quarter. Menta Capital LLC acquired a new stake in Callidus Software during the first quarter worth $186,000. US Bancorp DE increased its stake in Callidus Software by 16.3% in the second quarter. US Bancorp DE now owns 11,754 shares of the company’s stock worth $234,000 after buying an additional 1,648 shares during the last quarter. Finally, Commerce Bank acquired a new stake in Callidus Software during the second quarter worth $247,000. Institutional investors own 90.06% of the company’s stock.
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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