Callidus Software (CALD) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Callidus Software (NASDAQ:CALD) from a buy rating to a strong-buy rating in a report issued on Friday.

A number of other research analysts have also commented on CALD. Piper Jaffray restated a buy rating and issued a $33.00 price objective on shares of Callidus Software in a research note on Monday, December 4th. Dougherty & Co restated a buy rating and issued a $35.00 price objective on shares of Callidus Software in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of Callidus Software from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Lake Street Capital lowered shares of Callidus Software from a buy rating to a hold rating and set a $36.00 price objective on the stock. in a research note on Tuesday, January 30th. Finally, National Securities lowered shares of Callidus Software from a buy rating to a neutral rating and set a $29.00 price objective on the stock. in a research note on Tuesday, January 30th. Eleven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Callidus Software has a consensus rating of Hold and a consensus target price of $32.91.

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Shares of CALD opened at $35.95 on Friday. Callidus Software has a 1-year low of $19.25 and a 1-year high of $36.25. The firm has a market capitalization of $2,389.24, a P/E ratio of -189.21 and a beta of 1.14.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Callidus Software had a negative net margin of 8.01% and a negative return on equity of 4.16%. The firm had revenue of $69.51 million during the quarter, compared to analysts’ expectations of $65.54 million. equities analysts predict that Callidus Software will post -0.03 EPS for the current year.

In other news, insider Leslie Stretch sold 15,354 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total transaction of $434,978.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.61% of the company’s stock.

Several institutional investors have recently modified their holdings of CALD. Nationwide Fund Advisors increased its stake in shares of Callidus Software by 53.7% during the third quarter. Nationwide Fund Advisors now owns 295,966 shares of the technology company’s stock worth $7,296,000 after acquiring an additional 103,450 shares during the period. First Trust Advisors LP increased its stake in shares of Callidus Software by 38.5% during the third quarter. First Trust Advisors LP now owns 59,768 shares of the technology company’s stock worth $1,473,000 after acquiring an additional 16,605 shares during the period. Sei Investments Co. increased its stake in shares of Callidus Software by 43.3% during the third quarter. Sei Investments Co. now owns 22,346 shares of the technology company’s stock worth $551,000 after acquiring an additional 6,748 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Callidus Software by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 414,443 shares of the technology company’s stock worth $10,216,000 after acquiring an additional 6,444 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Callidus Software by 28.5% during the third quarter. Ameriprise Financial Inc. now owns 592,574 shares of the technology company’s stock worth $14,593,000 after acquiring an additional 131,538 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

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Callidus Software Company Profile

Callidus Software Inc provides cloud-based sales, marketing, learning, and customer experience solutions worldwide. The company enables its customers to sell Lead to Money suite of solutions that identify leads, train personnel, implement territory and quota plans, enable sales forces, automate configuration pricing and quoting, manage contracts, streamline sales compensation, capture customer feedback, and provide predictive analytics for competitive advantage.

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

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