Callidus Software, Inc. (CALD) CFO Sells $131,395.00 in Stock
Callidus Software, Inc. (NASDAQ:CALD) CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Callidus Software, Inc. (NASDAQ CALD) opened at 23.35 on Friday. The firm’s market capitalization is $1.58 billion. The stock’s 50 day moving average is $23.98 and its 200-day moving average is $21.50. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $25.90.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings data 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. The company had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, equities analysts forecast that Callidus Software, Inc. will post $0.33 earnings per share for the current fiscal year.
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A number of brokerages have weighed in on CALD. Piper Jaffray Companies set a $27.00 price objective on Callidus Software and gave the company a “buy” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a report on Wednesday. Jefferies Group LLC began coverage on Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price objective on the stock. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.13.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp bought a new position in Callidus Software during the first quarter valued at about $493,000. UBS Asset Management Americas Inc. boosted its position in 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 valued at $16,265,000 after buying an additional 57,547 shares during the period. Swiss National Bank boosted its position in Callidus Software by 2.2% in the first quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock valued at $2,233,000 after buying an additional 2,300 shares during the period. Bank of New York Mellon Corp boosted its position in 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 valued at $6,783,000 after buying an additional 12,684 shares during the period. Finally, US Bancorp DE boosted its position in Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock valued at $142,000 after buying an additional 784 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.
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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