Callidus Software Inc (CALD) Files Form 4 Insider Selling : Leslie Stretch Sells 34,926 Shares

Callidus Software Inc (CALD): Leslie Stretch , President and CEO of Callidus Software Inc sold 34,926 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $17.18 per share for a total value of $599,330.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 2, 2016, Michele Vion Choka (director) sold 11,939 shares at $14.00 per share price.On Feb 18, 2016, Leslie Stretch (President and CEO) sold 7,000 shares at $13.09 per share price.Also, On Nov 19, 2015, Bob L Corey (EVP, Chief Financial Officer) sold 10,000 shares at $20.37 per share price.On Nov 17, 2015, Kevin Klausmeyer (director) sold 10,000 shares at $19.50 per share price.

Shares of Callidus Software (CALD) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.29% at $17.15 with 4,54,203 shares getting traded. Post opening the session at $17.25, the shares hit an intraday low of $17.02 and an intraday high of $17.495 and the price vacillated in this range throughout the day. The company has a market cap of $974 M and the number of outstanding shares has been calculated to be 5,68,00,000 shares. The 52-week high of Callidus Software is $21.64 and the 52-week low is $11.48.

Callidus Software Money Flow Index Chart

Company has been under the radar of several Street Analysts.Callidus Software is Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 23 from a previous price target of $26 . The Rating was issued on May 4, 2016.

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate 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 for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

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