Investment analysts at First Analysis began coverage on shares of Callidus Software (NASDAQ:CALD) in a research report issued on Friday, November 17th, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $32.00 price target on the technology company’s stock. First Analysis’ target price would indicate a potential upside of 21.44% from the company’s previous close.
CALD has been the subject of a number of other research reports. B. Riley reissued a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a report on Wednesday, September 27th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Callidus Software from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group lifted their target price on Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group lifted their target price on Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.67.
Callidus Software (NASDAQ CALD) traded down $1.90 during trading on Friday, hitting $26.35. The company’s stock had a trading volume of 768,284 shares, compared to its average volume of 398,591. Callidus Software has a twelve month low of $15.35 and a twelve month high of $30.60.
In related news, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction 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 transaction, the executive vice president now owns 300,075 shares in the company, valued at $8,777,193.75. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CALD. Janus Henderson Group PLC purchased a new position in Callidus Software during the second quarter valued at $84,553,000. Capital World Investors lifted its position in Callidus Software by 94.7% during the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock valued at $80,102,000 after purchasing an additional 1,610,000 shares in the last quarter. American Century Companies Inc. purchased a new position in Callidus Software during the second quarter valued at $8,255,000. Ameriprise Financial Inc. lifted its position in Callidus Software by 200.9% during the second quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock valued at $11,157,000 after purchasing an additional 307,842 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Callidus Software by 17.6% during the second quarter. Macquarie Group Ltd. now owns 1,735,767 shares of the technology company’s stock valued at $42,006,000 after purchasing an additional 260,145 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.
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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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