Callidus Software, Inc. (CALD) Receives Consensus Recommendation of “Buy” from Analysts

Callidus Software, Inc. (NASDAQ:CALD) has earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $28.63.

A number of analysts have weighed in on CALD shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research note on Monday, September 18th. Credit Suisse Group boosted their target price on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group LLC boosted their target price on shares of Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.

In related news, 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 value of $173,662.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total transaction of $438,750.00. Following the completion of the sale, the executive vice president now directly owns 300,075 shares in the company, valued at approximately $8,777,193.75. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

Several institutional investors have recently modified their holdings of CALD. Teachers Advisors LLC grew its stake in shares of Callidus Software by 2.9% in the first quarter. Teachers Advisors LLC now owns 99,509 shares of the technology company’s stock worth $2,125,000 after purchasing an additional 2,808 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Callidus Software by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,750,739 shares of the technology company’s stock worth $58,728,000 after purchasing an additional 138,898 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 35,252 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of 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 purchasing an additional 26,464 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Callidus Software by 28.2% in the first quarter. Bank of America Corp DE now owns 166,861 shares of the technology company’s stock worth $3,563,000 after purchasing an additional 36,670 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

Callidus Software (NASDAQ:CALD) opened at $28.95 on Friday. Callidus Software has a 1 year low of $15.15 and a 1 year high of $29.70.

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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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