Callidus Software’s (CALD) “Buy” Rating Reaffirmed at Dougherty & Co

Dougherty & Co restated their buy rating on shares of Callidus Software (NASDAQ:CALD) in a report issued on Tuesday morning. They currently have a $35.00 price objective on the technology company’s stock.

A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded Callidus Software from a buy rating to a strong-buy rating in a research note on Friday, December 15th. Piper Jaffray Companies reiterated a buy rating and issued a $33.00 target price on shares of Callidus Software in a research report on Monday, December 4th. First Analysis initiated coverage on Callidus Software in a research report on Friday, November 17th. They issued an equal weight rating and a $32.00 target price on the stock. Zacks Investment Research upgraded Callidus Software from a sell rating to a hold rating and set a $31.00 target price on the stock in a research report on Tuesday, November 7th. Finally, Jefferies Group upped their target price on Callidus Software from $29.00 to $32.00 and gave the company a buy rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Callidus Software presently has a consensus rating of Buy and an average target price of $30.20.

Shares of Callidus Software (NASDAQ CALD) traded up $0.55 during mid-day trading on Tuesday, hitting $29.40. The stock had a trading volume of 770,200 shares, compared to its average volume of 405,297. Callidus Software has a 1-year low of $16.05 and a 1-year high of $30.60.

In other Callidus Software news, CFO Roxanne Oulman sold 6,200 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total value of $173,662.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the transaction, 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 corporate insiders.

A number of large investors have recently made changes to their positions in CALD. JPMorgan Chase & Co. lifted its holdings in Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after acquiring an additional 492 shares during the period. Ameritas Investment Partners Inc. lifted its holdings 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 valued at $137,000 after acquiring an additional 858 shares during the period. US Bancorp DE lifted its holdings in Callidus Software by 3.5% in the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after acquiring an additional 236 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Callidus Software by 1,877.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after acquiring an additional 6,703 shares during the period. Finally, Great West Life Assurance Co. Can lifted 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 valued at $171,000 after acquiring an additional 2,309 shares during the period. 92.11% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Callidus Software’s (CALD) “Buy” Rating Reaffirmed at Dougherty & Co” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/12/20/callidus-softwares-cald-buy-rating-reaffirmed-at-dougherty-co.html.

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.

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

Receive News & Ratings for Callidus Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply