Callidus Software Inc. (NASDAQ:CALD) insider Leslie Stretch sold 15,354 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total value of $434,978.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Callidus Software Inc. (NASDAQ:CALD) traded up $0.50 during midday trading on Friday, hitting $29.50. The company had a trading volume of 175,600 shares, compared to its average volume of 314,467. The firm has a market capitalization of $2,010.00, a price-to-earnings ratio of -84.29 and a beta of 0.84. Callidus Software Inc. has a twelve month low of $16.10 and a twelve month high of $30.60.
Several equities research analysts have recently weighed in on CALD shares. Oppenheimer reissued a “buy” rating and issued a $30.00 price objective on shares of Callidus Software in a research report on Friday, September 29th. B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a research report on Wednesday, September 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price objective on shares of Callidus Software in a research report on Wednesday, November 1st. Jefferies Group increased their price objective on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $30.20.
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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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