Callidus Software, Inc. (NASDAQ:CALD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday. The brokerage presently has a $31.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.95% from the stock’s current price.
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. “
CALD has been the subject of a number of other reports. Jefferies Group LLC raised their price target on shares of Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a report on Friday, September 29th. Credit Suisse Group raised their price target on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a report on Wednesday, November 1st. Finally, BidaskClub cut shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.63.
Callidus Software (CALD) traded down $0.75 during trading hours on Tuesday, reaching $27.21. 253,667 shares of the company’s stock were exchanged, compared to its average volume of 279,618. Callidus Software has a 1-year low of $15.15 and a 1-year high of $29.70.
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In other news, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $29.25, for a total transaction of $438,750.00. Following the completion of the transaction, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.61% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Callidus Software by 10.4% during the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after buying an additional 492 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Callidus Software by 17.9% during the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock valued at $137,000 after buying an additional 858 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Callidus Software during the first quarter valued at about $146,000. US Bancorp DE grew its holdings in shares of Callidus Software by 3.5% during the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after buying an additional 236 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Callidus Software by 49.5% during the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock valued at $171,000 after buying an additional 2,309 shares during the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.
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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