Callidus Software, Inc. (CALD) Trading Up 8.8% Following Earnings Beat, Report finds

Callidus Software, Inc. (CALD) Trading Up 8.8% Following Earnings Beat, Report finds

Callidus Software, Inc. (NASDAQ:CALD) rose 8.8% on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $21.25 and last traded at $20.50, with a volume of 1,773,221 shares trading hands. The stock had previously closed at $18.85.

The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.59 million. Callidus Software had a negative net margin of 8.26% and a negative return on equity of 6.51%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS.

CALD has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $23.00 price target on shares of Callidus Software in a report on Wednesday, November 2nd. Craig Hallum set a $24.00 target price on shares of Callidus Software and gave the company a “buy” rating in a report on Wednesday, January 18th. Finally, Lake Street Capital increased their target price on shares of Callidus Software from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Callidus Software has an average rating of “Buy” and a consensus target price of $21.83.

In other Callidus Software news, insider Leslie Stretch sold 54,242 shares of the firm’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $16.70, for a total value of $905,841.40. Following the sale, the insider now owns 415,812 shares of the company’s stock, valued at approximately $6,944,060.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.23% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Callidus Software by 13.6% in the third quarter. California Public Employees Retirement System now owns 58,300 shares of the company’s stock valued at $1,070,000 after buying an additional 7,000 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Callidus Software by 5.3% in the third quarter. GW&K Investment Management LLC now owns 1,431,327 shares of the company’s stock valued at $26,265,000 after buying an additional 71,429 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in Callidus Software by 13.3% in the third quarter. Summit Creek Advisors LLC now owns 629,933 shares of the company’s stock valued at $11,559,000 after buying an additional 74,045 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Callidus Software by 2.5% in the third quarter. Independent Portfolio Consultants Inc. now owns 13,510 shares of the company’s stock valued at $248,000 after buying an additional 325 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Callidus Software by 27.4% in the second quarter. Macquarie Group Ltd. now owns 919,870 shares of the company’s stock valued at $18,379,000 after buying an additional 198,050 shares in the last quarter. 98.18% of the stock is owned by hedge funds and other institutional investors.

The company’s market capitalization is $1.30 billion. The company has a 50 day moving average of $17.60 and a 200-day moving average of $18.03.

About Callidus Software

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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Callidus Software, Inc. (CALD) Trading Up 8.8% Following Earnings Beat

Callidus Software, Inc. (CALD) Trading Up 8.8% Following Earnings Beat

Callidus Software, Inc. (NASDAQ:CALD) rose 8.8% on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $21.25 and last traded at $20.50, with a volume of 1,773,221 shares trading hands. The stock had previously closed at $18.85.

The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.59 million. Callidus Software had a negative net margin of 8.26% and a negative return on equity of 6.51%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS.

CALD has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $23.00 price target on shares of Callidus Software in a report on Wednesday, November 2nd. Craig Hallum set a $24.00 target price on shares of Callidus Software and gave the company a “buy” rating in a report on Wednesday, January 18th. Finally, Lake Street Capital increased their target price on shares of Callidus Software from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Callidus Software has an average rating of “Buy” and a consensus target price of $21.83.

In other Callidus Software news, insider Leslie Stretch sold 54,242 shares of the firm’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $16.70, for a total value of $905,841.40. Following the sale, the insider now owns 415,812 shares of the company’s stock, valued at approximately $6,944,060.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.23% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Callidus Software by 13.6% in the third quarter. California Public Employees Retirement System now owns 58,300 shares of the company’s stock valued at $1,070,000 after buying an additional 7,000 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Callidus Software by 5.3% in the third quarter. GW&K Investment Management LLC now owns 1,431,327 shares of the company’s stock valued at $26,265,000 after buying an additional 71,429 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in Callidus Software by 13.3% in the third quarter. Summit Creek Advisors LLC now owns 629,933 shares of the company’s stock valued at $11,559,000 after buying an additional 74,045 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Callidus Software by 2.5% in the third quarter. Independent Portfolio Consultants Inc. now owns 13,510 shares of the company’s stock valued at $248,000 after buying an additional 325 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Callidus Software by 27.4% in the second quarter. Macquarie Group Ltd. now owns 919,870 shares of the company’s stock valued at $18,379,000 after buying an additional 198,050 shares in the last quarter. 98.18% of the stock is owned by hedge funds and other institutional investors.

The company’s market capitalization is $1.30 billion. The company has a 50 day moving average of $17.60 and a 200-day moving average of $18.03.

About Callidus Software

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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