Jefferies Group cut shares of Callidus Software (NASDAQ:CALD) from a buy rating to a hold rating in a research note released on Friday, Marketbeat reports. They currently have $32.00 price target on the technology company’s stock.

Several other research firms have also commented on CALD. BidaskClub raised shares of Callidus Software from a buy rating to a strong-buy rating in a research note on Friday, December 15th. Craig Hallum lowered shares of Callidus Software from a buy rating to a hold rating in a research note on Wednesday, January 31st. Roth Capital lowered shares of Callidus Software from a buy rating to a neutral rating and set a $36.00 price objective for the company. in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Callidus Software from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $27.00 price objective on shares of Callidus Software in a research note on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Callidus Software has a consensus rating of Hold and a consensus price target of $32.91.

Shares of Callidus Software (CALD) traded down $0.05 on Friday, reaching $35.75. 2,390,000 shares of the company traded hands, compared to its average volume of 1,630,000. The company has a market capitalization of $2,430.00, a PE ratio of -115.32 and a beta of 1.15. Callidus Software has a 12 month low of $18.38 and a 12 month high of $36.25.

In other news, insider Leslie Stretch sold 15,354 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total transaction of $434,978.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. 1.61% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Callidus Software during the third quarter valued at $816,000. State Street Corp boosted its stake in shares of Callidus Software by 8.6% during the second quarter. State Street Corp now owns 1,213,777 shares of the technology company’s stock valued at $29,375,000 after purchasing an additional 96,462 shares during the period. Swiss National Bank boosted its stake in shares of Callidus Software by 3.7% during the third quarter. Swiss National Bank now owns 108,500 shares of the technology company’s stock valued at $2,675,000 after purchasing an additional 3,900 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Callidus Software during the third quarter valued at $841,000. Finally, Vanguard Group Inc. boosted its stake in shares of Callidus Software by 4.2% during the second quarter. Vanguard Group Inc. now owns 2,865,837 shares of the technology company’s stock valued at $69,354,000 after purchasing an additional 115,098 shares during the period. 91.23% 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.

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

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