Callidus Software, Inc. (NASDAQ:CALD) Price Target Raised to $32.00 at Jefferies Group LLC

Callidus Software, Inc. (NASDAQ:CALD) had its price target increased by Jefferies Group LLC from $29.00 to $32.00 in a report released on Friday, November 3rd. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley reissued a buy rating and issued a $28.00 price target on shares of Callidus Software in a research note on Wednesday, September 27th. ValuEngine raised shares of Callidus Software from a sell rating to a hold rating in a research note on Thursday, August 3rd. Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the stock a buy rating in a report on Saturday, August 5th. BidaskClub lowered shares of Callidus Software from a strong-buy rating to a buy rating in a report on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. restated a buy rating and issued a $30.00 price objective on shares of Callidus Software in a report on Monday, September 18th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $29.00.

Shares of Callidus Software (NASDAQ CALD) traded down $0.20 during trading hours on Friday, reaching $28.75. 259,449 shares of the company traded hands, compared to its average volume of 395,093. Callidus Software has a 12 month low of $15.15 and a 12 month high of $29.70.

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In other Callidus Software news, CFO Roxanne Oulman sold 6,200 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $28.01, for a total transaction of $173,662.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were 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 disclosure for this sale can be found here. 1.61% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after buying an additional 492 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Callidus Software by 17.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after buying an additional 858 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Callidus Software in the 1st quarter worth about $146,000. US Bancorp DE grew its position in shares of Callidus Software by 3.5% in the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock worth $168,000 after buying an additional 236 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after buying an additional 6,703 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

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