Callidus Software (NASDAQ:CALD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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. “

A number of other research firms have also recently commented on CALD. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research report on Wednesday, November 1st. B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of Callidus Software in a research report on Friday, September 22nd. Oppenheimer reiterated a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research report on Monday, September 18th. Finally, Dougherty & Co restated a “buy” rating and issued a $35.00 price target on shares of Callidus Software in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.20.

Callidus Software (NASDAQ CALD) traded up $0.50 on Wednesday, hitting $29.00. The stock had a trading volume of 369,341 shares, compared to its average volume of 415,908. Callidus Software has a twelve month low of $16.10 and a twelve month high of $30.60. The firm has a market capitalization of $1,980.00, a PE ratio of -82.86 and a beta of 0.84.

In related news, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the transaction, the executive vice president now owns 300,075 shares in the company, valued at approximately $8,777,193.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Roxanne Oulman sold 6,200 shares of the business’s stock in a transaction dated 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Callidus Software by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares during the period. Oppenheimer & Co. Inc. increased its position in Callidus Software by 5.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,274 shares of the technology company’s stock worth $249,000 after purchasing an additional 533 shares during the period. Ameritas Investment Partners Inc. increased its position in Callidus Software by 17.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after purchasing an additional 858 shares during the period. Legal & General Group Plc increased its position in Callidus Software by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 15,496 shares of the technology company’s stock worth $373,000 after purchasing an additional 914 shares during the period. Finally, Alliancebernstein L.P. increased its position in Callidus Software by 1.5% during the 2nd quarter. Alliancebernstein L.P. now owns 76,200 shares of the technology company’s stock worth $1,844,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 92.11% of the company’s stock.

WARNING: “Callidus Software (CALD) Cut to “Hold” at Zacks Investment Research” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/03/callidus-software-cald-cut-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Callidus Software (CALD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Callidus Software (NASDAQ:CALD)

Receive News & Ratings for Callidus Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software and related companies with MarketBeat.com's FREE daily email newsletter.