Callidus Software, Inc. (NASDAQ:CALD) traded up 1.2% during trading on Monday after Jefferies Group raised their price target on the stock from $29.00 to $32.00. Jefferies Group currently has a buy rating on the stock. Callidus Software traded as high as $28.75 and last traded at $28.95. 479,724 shares changed hands during mid-day trading, an increase of 107% from the average session volume of 231,461 shares. The stock had previously closed at $28.60.

Other equities research analysts also recently issued research reports about the company. 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 upgraded Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, two have given 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 target price of $28.29.

In other news, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $24.30, for a total value of $903,644.10. Following the completion of the transaction, the insider now directly owns 349,145 shares in the company, valued at $8,484,223.50. The disclosure for this sale can be found here. 1.61% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in shares of Callidus Software in the 2nd quarter valued at about $8,255,000. Eagle Asset Management Inc. lifted its position in Callidus Software by 114.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 338,772 shares of the technology company’s stock worth $8,198,000 after acquiring an additional 180,897 shares in the last quarter. Geode Capital Management LLC lifted its position in Callidus Software by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 522,077 shares of the technology company’s stock worth $11,146,000 after acquiring an additional 35,252 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Callidus Software by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,913 shares of the technology company’s stock worth $5,656,000 after acquiring an additional 26,464 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Callidus Software by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 73,501 shares of the technology company’s stock worth $1,779,000 after acquiring an additional 4,470 shares in the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.

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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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