Callidus Software, Inc. (NASDAQ:CALD) PT Set at $27.00 by Piper Jaffray Companies

Callidus Software, Inc. (NASDAQ:CALD) received a $27.00 price target from equities research analysts at Piper Jaffray Companies in a note issued to investors on Saturday. The firm currently has a “buy” rating on the technology company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 8.00% from the company’s current price.

A number of other research firms also recently issued reports on CALD. Jefferies Group LLC assumed coverage on shares of Callidus Software in a research report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price target for the company. B. Riley reiterated a “buy” rating and set a $28.00 price target on shares of Callidus Software in a research report on Friday. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Callidus Software to $30.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.

Callidus Software (NASDAQ CALD) opened at 25.00 on Friday. Callidus Software has a 12-month low of $15.15 and a 12-month high of $25.90. The company has a 50-day moving average price of $23.60 and a 200-day moving average price of $21.20. The firm’s market cap is $1.62 billion.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.13. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.28%. The firm had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. During the same quarter in the previous year, the business earned $0.06 EPS. Callidus Software’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities analysts predict that Callidus Software will post $0.31 earnings per share for the current year.

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In other news, insider Leslie Stretch sold 104,509 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the completion of the transaction, the insider now directly owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $21.29, for a total transaction of $319,350.00. Following the transaction, the executive vice president now directly owns 344,260 shares of the company’s stock, valued at $7,329,295.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,226 shares of company stock valued at $4,104,652. Corporate insiders own 1.61% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CALD. Ameritas Investment Partners Inc. acquired a new position in shares of Callidus Software during the first quarter worth $103,000. US Bancorp DE boosted its position in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Callidus Software during the first quarter worth $146,000. BNP Paribas Arbitrage SA boosted its position in shares of Callidus Software by 1,877.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after buying an additional 6,703 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Callidus Software during the first quarter worth $208,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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.