Leslie Stretch Sells 15,354 Shares of Callidus Software Inc. (CALD) Stock
Callidus Software Inc. (NASDAQ:CALD) insider Leslie Stretch sold 15,354 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total value of $434,978.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Callidus Software Inc. (NASDAQ CALD) opened at $29.70 on Friday. Callidus Software Inc. has a 12 month low of $16.10 and a 12 month high of $30.60.
CALD has been the subject of a number of research reports. Credit Suisse Group boosted their price target on Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Jefferies Group boosted their price target on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a report on Wednesday, November 1st. BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, First Analysis initiated coverage on Callidus Software in a report on Friday, November 17th. They issued an “equal weight” rating and a $32.00 price target for the company. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $30.20.
A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in Callidus Software by 23.9% in the third quarter. California Public Employees Retirement System now owns 62,938 shares of the technology company’s stock worth $1,551,000 after buying an additional 12,138 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Callidus Software in the third quarter worth approximately $816,000. Granahan Investment Management Inc. MA raised its stake in Callidus Software by 17.4% in the third quarter. Granahan Investment Management Inc. MA now owns 219,813 shares of the technology company’s stock worth $5,418,000 after buying an additional 32,582 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Callidus Software in the third quarter worth approximately $525,000. Finally, Janus Henderson Group PLC raised its stake in Callidus Software by 2.2% in the third quarter. Janus Henderson Group PLC now owns 3,569,127 shares of the technology company’s stock worth $87,979,000 after buying an additional 75,187 shares in the last quarter. 92.11% of the stock is owned by 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.
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