Callidus Software, Inc. (NASDAQ:CALD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, November 7th. The brokerage presently has a $31.00 target price on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 5.08% from the stock’s previous close.
According to Zacks, “Callidus Software provides Enterprise Incentive Management software that enables large businesses to plan, model and manage pay-for-performance compensation programs designed to align employee, sales and channel tactics with targeted business objectives. “
A number of other equities analysts have also recently commented on 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 upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC began coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price target on the stock. BidaskClub downgraded shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.00.
In other 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the executive vice president now directly owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The disclosure for this sale can be found here. 1.61% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after acquiring an additional 492 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Callidus Software by 17.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after acquiring an additional 858 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Callidus Software in the first quarter worth about $146,000. US Bancorp DE lifted its stake in Callidus Software by 3.5% in the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock worth $168,000 after acquiring an additional 236 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Callidus Software by 49.5% in the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after purchasing an additional 2,309 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.
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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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