Callidus Software Inc. (NASDAQ:CALD) – Equities research analysts at Dougherty & Co raised their FY2017 earnings estimates for shares of Callidus Software in a research report issued on Tuesday. Dougherty & Co analyst R. Mattson now forecasts that the technology company will earn ($0.16) per share for the year, up from their prior forecast of ($0.17). Dougherty & Co currently has a “Buy” rating and a $35.00 price objective on the stock. Dougherty & Co also issued estimates for Callidus Software’s Q4 2017 earnings at ($0.01) EPS.
A number of other equities research analysts have also recently commented on CALD. Oppenheimer restated a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a report on Monday, September 18th. B. Riley restated a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a report on Friday, September 22nd. Zacks Investment Research cut shares of Callidus Software from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a report on Wednesday, November 1st. Finally, Credit Suisse Group raised their price target on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Callidus Software currently has a consensus rating of “Buy” and an average price target of $30.20.
In other news, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $28.01, for a total transaction of $173,662.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $29.25, for a total transaction of $438,750.00. Following the transaction, the executive vice president now owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The disclosure for this sale can be found here. 1.61% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CALD. Janus Henderson Group PLC acquired a new position in shares of Callidus Software during the second quarter valued at about $84,553,000. Capital World Investors boosted its holdings in Callidus Software by 94.7% during the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock worth $80,102,000 after purchasing an additional 1,610,000 shares during the last quarter. American Century Companies Inc. purchased a new position in Callidus Software during the second quarter worth about $8,255,000. Ameriprise Financial Inc. boosted its holdings in Callidus Software by 200.9% during the second quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock worth $11,157,000 after purchasing an additional 307,842 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Callidus Software by 17.6% during the second quarter. Macquarie Group Ltd. now owns 1,735,767 shares of the technology company’s stock worth $42,006,000 after purchasing an additional 260,145 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
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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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