Callidus Software Inc. (NASDAQ:CALD) – Roth Capital increased their FY2016 earnings per share (EPS) estimates for Callidus Software in a research report issued to clients and investors on Tuesday. Roth Capital analyst R. Baldry now expects that the brokerage will earn ($0.22) per share for the year, up from their previous forecast of ($0.23). Roth Capital has a “Buy” rating on the stock. Roth Capital also issued estimates for Callidus Software’s Q2 2017 earnings at ($0.07) EPS, Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.21) EPS.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Callidus Software had a negative net margin of 7.69% and a negative return on equity of 6.53%. The firm had revenue of $49.80 million for the quarter, compared to analyst estimates of $50.32 million. During the same quarter in the previous year, the business posted $0.03 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year.
A number of other equities research analysts also recently issued reports on the stock. Dougherty & Co downgraded shares of Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research report on Monday, September 19th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $22.00 target price on shares of Callidus Software in a research report on Monday, September 19th. B. Riley reiterated a “buy” rating and issued a $21.00 target price on shares of Callidus Software in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Callidus Software from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, August 8th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating on shares of Callidus Software in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.11.
Callidus Software (NASDAQ:CALD) opened at 18.10 on Friday. The firm has a 50-day moving average of $19.32 and a 200-day moving average of $18.31. The firm’s market cap is $1.03 billion. Callidus Software has a one year low of $11.48 and a one year high of $21.64.
A number of hedge funds and other institutional investors have recently bought and sold shares of CALD. BlackRock Inc. raised its position in Callidus Software by 21.0% in the second quarter. BlackRock Inc. now owns 5,095 shares of the company’s stock worth $102,000 after buying an additional 883 shares during the last quarter. Teacher Retirement System of Texas raised its position in Callidus Software by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 7,861 shares of the company’s stock worth $157,000 after buying an additional 950 shares during the last quarter. Menta Capital LLC purchased a new position in Callidus Software during the first quarter worth about $186,000. First Republic Investment Management Inc. purchased a new position in Callidus Software during the first quarter worth about $193,000. Finally, US Bancorp DE raised its position in Callidus Software by 16.3% in the second quarter. US Bancorp DE now owns 11,754 shares of the company’s stock worth $234,000 after buying an additional 1,648 shares during the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
In related news, insider Leslie Stretch sold 7,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $19.78, for a total value of $138,460.00. Following the transaction, the insider now directly owns 467,170 shares in the company, valued at approximately $9,240,622.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Klausmeyer sold 12,812 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $19.93, for a total transaction of $255,343.16. Following the completion of the transaction, the director now owns 35,845 shares in the company, valued at $714,390.85. The disclosure for this sale can be found here. 3.23% of the stock is currently owned by corporate insiders.
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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