Callidus Software, Inc. (NASDAQ:CALD) EVP Sells $374,250.34 in Stock
Callidus Software, Inc. (NASDAQ:CALD) EVP Jimmy C. Duan sold 14,863 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the transaction, the executive vice president now owns 322,236 shares of the company’s stock, valued at approximately $8,113,902.48. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 23.35 on Friday. Callidus Software, Inc. has a 52 week low of $15.15 and a 52 week high of $25.90. The firm’s market capitalization is $1.58 billion. The company has a 50-day moving average of $23.98 and a 200 day moving average of $21.50.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.13. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The firm had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Callidus Software, Inc. will post $0.33 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its stake in Callidus Software by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 704,261 shares of the technology company’s stock valued at $11,831,000 after buying an additional 27,062 shares in the last quarter. Teachers Advisors LLC raised its stake in Callidus Software by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 96,701 shares of the technology company’s stock valued at $1,625,000 after buying an additional 9,190 shares in the last quarter. Macquarie Group Ltd. raised its stake in Callidus Software by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,277,865 shares of the technology company’s stock valued at $21,468,000 after buying an additional 242,998 shares in the last quarter. Sigma Planning Corp raised its stake in Callidus Software by 98.8% in the first quarter. Sigma Planning Corp now owns 43,015 shares of the technology company’s stock valued at $918,000 after buying an additional 21,378 shares in the last quarter. Finally, Pier 88 Investment Partners LLC bought a new stake in Callidus Software during the first quarter valued at $365,000. Institutional investors own 99.77% of the company’s stock.
Several brokerages have recently weighed in on CALD. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley restated a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a report on Wednesday. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 15th. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC began coverage on shares of Callidus Software in a research note on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.13.
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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