Callidus Software, Inc. (NASDAQ:CALD) shares hit a new 52-week high on Wednesday . The stock traded as high as $25.15 and last traded at $25.10, with a volume of 288,853 shares trading hands. The stock had previously closed at $24.45.

CALD has been the topic of several analyst reports. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. lifted their target price on Callidus Software to $30.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. William Blair reiterated an “outperform” rating on shares of Callidus Software in a research note on Wednesday, April 12th. Finally, ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Callidus Software presently has an average rating of “Buy” and a consensus target price of $24.67.

The firm’s market capitalization is $1.62 billion. The company’s 50 day moving average is $23.60 and its 200-day moving average is $21.20.

Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.13. Callidus Software had a negative return on equity of 6.28% and a negative net margin of 10.08%. The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. During the same period last year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Callidus Software, Inc. will post $0.33 earnings per share for the current fiscal year.

In related news, insider Leslie Stretch sold 104,509 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total value of $2,612,725.00. Following the completion of the transaction, the insider now directly owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.61% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Karp Capital Management Corp purchased a new position in shares of Callidus Software during the first quarter worth about $493,000. UBS Asset Management Americas Inc. raised its position in shares of Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock worth $16,265,000 after buying an additional 57,547 shares during the last quarter. Swiss National Bank raised its position in shares of Callidus Software by 2.2% in the first quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock worth $2,233,000 after buying an additional 2,300 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Callidus Software by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock worth $6,783,000 after buying an additional 12,684 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

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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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