Media stories about Callidus Software (NASDAQ:CALD) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Callidus Software earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.8928063950924 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CALD has been the topic of several research analyst reports. Credit Suisse Group lifted their price target on Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group lifted their price target on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price objective on shares of Callidus Software in a research note on Wednesday, November 1st. Finally, First Analysis began coverage on Callidus Software in a research note on Friday, November 17th. They set an “equal weight” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.20.
Shares of Callidus Software (CALD) traded up $0.65 during trading hours on Friday, hitting $30.25. The company had a trading volume of 259,112 shares, compared to its average volume of 447,121. Callidus Software has a twelve month low of $16.85 and a twelve month high of $30.60. The stock has a market capitalization of $2,060.00, a price-to-earnings ratio of -86.43 and a beta of 0.84.
In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $29.25, for a total transaction of $438,750.00. Following the transaction, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Roxanne Oulman sold 6,200 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $28.01, for a total value of $173,662.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,554 shares of company stock valued at $1,047,391. 1.61% of the stock is owned by corporate insiders.
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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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