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

Several other equities analysts have also recently issued reports on CALD. B. Riley reaffirmed a buy rating and set a $28.00 price objective on shares of Callidus Software in a report on Wednesday, August 9th. BidaskClub cut Callidus Software from a strong-buy rating to a buy rating in a report on Friday, August 11th. Oppenheimer reaffirmed a buy rating and set a $30.00 price objective on shares of Callidus Software in a report on Monday, September 18th. Zacks Investment Research cut Callidus Software from a hold rating to a sell rating in a report on Tuesday, October 17th. Finally, Credit Suisse Group lifted their price objective on Callidus Software from $30.00 to $32.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $29.67.

Callidus Software (NASDAQ:CALD) opened at $27.05 on Monday. Callidus Software has a 1-year low of $15.75 and a 1-year high of $30.60.

In other news, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the sale, the executive vice president now owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Roxanne Oulman sold 6,200 shares of Callidus Software 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 disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew 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. grew 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. US Bancorp DE grew its position in Callidus Software by 3.5% during the second 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. Great West Life Assurance Co. Can grew its position in Callidus Software by 49.5% during the third 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. Finally, BNP Paribas Arbitrage SA grew 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 valued at $171,000 after acquiring an additional 6,703 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

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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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