Callidus Software Inc. (CALD) Lowered to Hold at Zacks Investment Research
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. “
A number of other analysts also recently commented on CALD. Roth Capital reissued a buy rating on shares of Callidus Software in a research note on Wednesday, June 22nd. Piper Jaffray Cos. lifted their target price on Callidus Software from $21.00 to $25.00 and gave the stock an overweight rating in a report on Thursday, July 21st. B. Riley restated a buy rating and issued a $21.00 target price 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. Finally, Credit Suisse Group AG restated an outperform rating and issued a $22.00 target price on shares of Callidus Software in a report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Callidus Software presently has a consensus rating of Buy and a consensus target price of $21.11.
Callidus Software (NASDAQ:CALD) traded down 0.28% during mid-day trading on Tuesday, hitting $18.00. The company had a trading volume of 170,138 shares. The company’s 50 day moving average price is $19.05 and its 200-day moving average price is $18.61. Callidus Software has a one year low of $11.48 and a one year high of $21.64. The company’s market cap is $1.03 billion.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The company had revenue of $49.80 million for the quarter, compared to the consensus estimate of $50.32 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities research analysts anticipate that Callidus Software will post $0.27 EPS for the current fiscal year.
In related news, insider Leslie Stretch sold 37,500 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.21, for a total transaction of $720,375.00. Following the completion of the transaction, the insider now owns 511,670 shares of the company’s stock, valued at approximately $9,829,180.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Culhane sold 11,761 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $19.60, for a total value of $230,515.60. Following the transaction, the director now directly owns 33,812 shares of the company’s stock, valued at approximately $662,715.20. The disclosure for this sale can be found here. Corporate insiders own 3.23% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CALD. FMR LLC boosted its position in Callidus Software by 31.8% in the second quarter. FMR LLC now owns 3,110,375 shares of the company’s stock valued at $62,145,000 after buying an additional 750,000 shares during the period. Franklin Resources Inc. boosted its position in Callidus Software by 7.7% in the first quarter. Franklin Resources Inc. now owns 3,043,910 shares of the company’s stock valued at $50,773,000 after buying an additional 217,346 shares during the period. RGM Capital LLC boosted its position in Callidus Software by 50.1% in the first quarter. RGM Capital LLC now owns 2,721,878 shares of the company’s stock valued at $45,401,000 after buying an additional 908,775 shares during the period. Vanguard Group Inc. boosted its position in Callidus Software by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,274,275 shares of the company’s stock valued at $45,440,000 after buying an additional 87,647 shares during the period. Finally, Janus Capital Management LLC boosted its position in Callidus Software by 300.7% in the second quarter. Janus Capital Management LLC now owns 1,755,118 shares of the company’s stock valued at $35,067,000 after buying an additional 1,317,097 shares during the period. 90.06% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related stocks with our FREE daily email newsletter.