Leslie Stretch Sells 37,187 Shares of Callidus Software, Inc. (NASDAQ:CALD) Stock

Callidus Software, Inc. (NASDAQ:CALD) insider Leslie Stretch sold 37,187 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.30, for a total transaction of $903,644.10. Following the completion of the sale, the insider now owns 349,145 shares in the company, valued at $8,484,223.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Leslie Stretch also recently made the following trade(s):

  • On Wednesday, July 26th, Leslie Stretch sold 104,509 shares of Callidus Software stock. The shares were sold at an average price of $25.00, for a total transaction of $2,612,725.00.
  • On Tuesday, May 30th, Leslie Stretch sold 50,717 shares of Callidus Software stock. The shares were sold at an average price of $23.12, for a total transaction of $1,172,577.04.

Shares of Callidus Software, Inc. (CALD) opened at 23.35 on Friday. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $25.90. The company’s 50-day moving average is $23.98 and its 200 day moving average is $21.50. The firm’s market capitalization is $1.58 billion.

Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.13. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. Analysts expect that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its position in shares of Callidus Software by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 704,261 shares of the technology company’s stock worth $11,831,000 after buying an additional 27,062 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Callidus Software by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 96,701 shares of the technology company’s stock worth $1,625,000 after buying an additional 9,190 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Callidus Software by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,277,865 shares of the technology company’s stock worth $21,468,000 after buying an additional 242,998 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Callidus Software by 98.8% in the first quarter. Sigma Planning Corp now owns 43,015 shares of the technology company’s stock worth $918,000 after buying an additional 21,378 shares during the last quarter. Finally, Pier 88 Investment Partners LLC acquired a new position in shares of Callidus Software during the first quarter worth approximately $365,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Several equities research analysts recently commented on CALD shares. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. lifted their target price on shares of Callidus Software to $30.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Dougherty & Co upgraded shares of Callidus Software from a “sell” rating to a “neutral” rating in a research report on Monday, May 8th. Finally, Jefferies Group LLC started coverage on shares of Callidus Software in a research report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Callidus Software presently has an average rating of “Buy” and a consensus target price of $25.13.

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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