Callidus Software, Inc. (NASDAQ:CALD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Callidus Software provides Enterprise Incentive Management software that enables large businesses to plan, model and manage pay-for-performance compensation programs designed to align employee, sales and channel tactics with targeted business objectives. “

Several other research analysts have also recently weighed in on CALD. B. Riley restated a “buy” rating and set a $28.00 target price on shares of Callidus Software in a report on Friday, August 4th. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $30.00 target price on shares of Callidus Software in a report on Friday, September 29th. Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the stock a “buy” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC assumed coverage on Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Callidus Software currently has an average rating of “Buy” and an average price target of $26.57.

Callidus Software (NASDAQ:CALD) remained flat at $25.25 during mid-day trading on Tuesday. 156,243 shares of the company’s stock were exchanged. Callidus Software has a 52-week low of $15.15 and a 52-week high of $27.35. The company’s market capitalization is $1.71 billion. The stock has a 50 day moving average of $25.08 and a 200-day moving average of $23.14.

Callidus Software (NASDAQ:CALD) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13). Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. 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 firm posted $0.06 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Equities analysts predict that Callidus Software will post $0.33 EPS for the current fiscal year.

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In other news, insider Leslie Stretch sold 104,509 shares of Callidus Software 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 sale, the insider now owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the sale, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,059 shares of company stock worth $4,244,764. Corporate insiders own 1.61% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CALD. Janus Henderson Group PLC purchased a new stake in shares of Callidus Software during the 2nd quarter valued at approximately $84,553,000. Capital World Investors raised its position in shares of Callidus Software by 94.7% during the 2nd quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock valued at $80,102,000 after buying an additional 1,610,000 shares during the period. American Century Companies Inc. purchased a new stake in shares of Callidus Software during the 2nd quarter valued at approximately $8,255,000. Ameriprise Financial Inc. raised its position in shares of Callidus Software by 200.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock valued at $11,157,000 after buying an additional 307,842 shares during the period. Finally, FMR LLC raised its position in shares of Callidus Software by 5.5% during the 1st quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock valued at $116,919,000 after buying an additional 283,900 shares during the period. 94.84% 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.

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Analyst Recommendations for Callidus Software (NASDAQ:CALD)

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