Callidus Software’s (CALD) “Buy” Rating Reaffirmed at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their buy rating on shares of Callidus Software (NASDAQ:CALD) in a report released on Monday. Piper Jaffray Companies currently has a $33.00 price objective on the technology company’s stock.

A number of other equities research analysts have also commented on the stock. First Analysis assumed coverage on shares of Callidus Software in a report on Friday, November 17th. They set an equal weight rating and a $32.00 price objective on the stock. Zacks Investment Research upgraded shares of Callidus Software from a sell rating to a hold rating and set a $31.00 price objective on the stock in a report on Tuesday, November 7th. Jefferies Group raised their price objective on shares of Callidus Software from $29.00 to $32.00 and gave the stock a buy rating in a report on Friday, November 3rd. Credit Suisse Group raised their price objective on shares of Callidus Software from $30.00 to $32.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Finally, Oppenheimer restated a buy rating and set a $30.00 price objective on shares of Callidus Software in a report on Friday, September 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $29.67.

Shares of Callidus Software (NASDAQ CALD) opened at $27.55 on Monday. Callidus Software has a twelve month low of $16.02 and a twelve month high of $30.60.

In related news, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the transaction, the executive vice president now owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $28.01, for a total transaction of $173,662.00. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CALD. JPMorgan Chase & Co. grew its position in shares of Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after acquiring an additional 492 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Callidus Software by 17.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock valued at $137,000 after acquiring an additional 858 shares during the period. US Bancorp DE grew its position in shares of Callidus Software by 3.5% in the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after acquiring an additional 236 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after acquiring an additional 6,703 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Callidus Software by 49.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock valued at $171,000 after acquiring an additional 2,309 shares during the period. 92.13% 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.

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

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