Callidus Software, Inc. (NASDAQ:CALD)‘s stock had its “buy” rating reiterated by stock analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday. They presently have a $27.00 price target on the technology company’s stock. Piper Jaffray Companies’ target price would indicate a potential downside of 4.93% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 target price on shares of Callidus Software in a research report on Monday, September 18th. Zacks Investment Research lowered Callidus Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC initiated coverage on Callidus Software in a research report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $26.57.

Callidus Software (NASDAQ:CALD) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.13). Callidus Software had a negative net margin of 9.54% and a negative return on equity of 5.71%. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis.

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In related news, EVP Jimmy C. Duan sold 14,863 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.18, for a total transaction of $374,250.34. Following the sale, the executive vice president now directly owns 322,236 shares of the company’s stock, valued at approximately $8,113,902.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Roxanne Oulman sold 5,500 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now directly owns 159,201 shares in the company, valued at $3,803,311.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,550 shares of company stock worth $1,632,039. Corporate insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in Callidus Software in the second quarter worth $8,255,000. Eagle Asset Management Inc. increased its position in Callidus Software by 114.6% in the second quarter. Eagle Asset Management Inc. now owns 338,772 shares of the technology company’s stock worth $8,198,000 after buying an additional 180,897 shares during the period. Geode Capital Management LLC increased its position in Callidus Software by 7.2% in the first quarter. Geode Capital Management LLC now owns 522,077 shares of the technology company’s stock worth $11,146,000 after buying an additional 35,252 shares during the period. Schwab Charles Investment Management Inc. increased its position in Callidus Software by 11.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,913 shares of the technology company’s stock worth $5,656,000 after buying an additional 26,464 shares during the period. Finally, Rhumbline Advisers increased its position in Callidus Software by 6.5% in the second quarter. Rhumbline Advisers now owns 73,501 shares of the technology company’s stock worth $1,779,000 after buying an additional 4,470 shares during the period. 94.89% of the stock is currently owned by hedge funds and other institutional investors.

Callidus Software Company Profile

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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