Callidus Software, Inc. (NASDAQ:CALD) had its price target increased by Jefferies Group LLC from $29.00 to $32.00 in a research report sent to investors on Friday morning. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on CALD. B. Riley reissued a buy rating and set a $28.00 price target on shares of Callidus Software in a research note on Friday, August 4th. BidaskClub downgraded shares of Callidus Software from a strong-buy rating to a buy rating in a research note on Friday, August 11th. Credit Suisse Group boosted their price target on shares of Callidus Software from $30.00 to $32.00 and gave the stock an outperform rating in a research note on Friday. Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the company a buy rating in a report on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. restated a buy rating and set a $30.00 price objective on shares of Callidus Software in a report on Friday, September 29th. One 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. Callidus Software currently has an average rating of Buy and an average price target of $28.29.

Shares of Callidus Software (NASDAQ:CALD) traded down $0.50 during midday trading on Friday, hitting $28.20. 154,748 shares of the company’s stock were exchanged, compared to its average volume of 262,331. Callidus Software has a one year low of $15.15 and a one year high of $29.70.

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In other Callidus Software news, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the sale, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Stretch sold 37,187 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.30, for a total transaction of $903,644.10. Following the sale, 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. Corporate insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 492 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of 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 purchasing an additional 858 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Callidus Software in the first quarter valued at about $146,000. US Bancorp DE raised its position in shares of 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 purchasing an additional 236 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Callidus Software by 1,877.6% during the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after acquiring an additional 6,703 shares during the period. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

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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