Callidus Software Inc. (NASDAQ:CALD) insider Leslie Stretch sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $16.77, for a total value of $117,390.00. Following the transaction, the insider now directly owns 449,419 shares in the company, valued at approximately $7,536,756.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Callidus Software Inc. (NASDAQ:CALD) traded up 0.30% during midday trading on Thursday, hitting $16.55. The company had a trading volume of 308,969 shares. The company’s 50-day moving average price is $17.66 and its 200 day moving average price is $18.76. The company’s market capitalization is $1050.63 billion. Callidus Software Inc. has a 12-month low of $11.48 and a 12-month high of $21.64.

Insider Buying and Selling by Quarter for Callidus Software (NASDAQ:CALD)

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 position in shares of 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. Capital Fund Management S.A. acquired a new position in shares of Callidus Software during the third quarter worth $185,000. SG Americas Securities LLC acquired a new position in shares of Callidus Software during the third quarter worth $195,000. Finally, US Bancorp DE increased its position in shares of 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. Hedge funds and other institutional investors own 90.16% of the company’s stock.

A number of brokerages have weighed in on CALD. B. Riley reissued a “buy” rating and set a $23.00 price target on shares of Callidus Software in a research report on Monday, November 7th. Zacks Investment Research cut Callidus Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Dougherty & Co cut Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a report on Monday, September 19th. Credit Suisse Group AG restated an “outperform” rating and set a $22.00 price objective on shares of Callidus Software in a report on Monday, September 19th. Finally, Piper Jaffray Cos. restated an “overweight” rating on shares of Callidus Software in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Callidus Software currently has an average rating of “Buy” and an average price target of $21.33.

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.

5 Day Chart for NASDAQ:CALD

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