California Public Employees Retirement System cut its position in Callidus Software, Inc. (NASDAQ:CALD) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,900 shares of the technology company’s stock after selling 6,300 shares during the period. California Public Employees Retirement System owned approximately 0.07% of Callidus Software worth $1,023,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hood River Capital Management LLC boosted its position in Callidus Software by 52.0% in the first quarter. Hood River Capital Management LLC now owns 1,505,753 shares of the technology company’s stock worth $32,148,000 after buying an additional 515,283 shares during the last quarter. FMR LLC boosted its position in Callidus Software by 5.5% in the first quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock worth $116,919,000 after buying an additional 283,900 shares during the last quarter. Pier Capital LLC purchased a new position in Callidus Software during the first quarter worth about $5,963,000. Frontier Capital Management Co. LLC boosted its position in Callidus Software by 17.8% in the first quarter. Frontier Capital Management Co. LLC now owns 1,135,620 shares of the technology company’s stock worth $24,245,000 after buying an additional 171,935 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in Callidus Software during the first quarter worth about $3,370,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Callidus Software, Inc. (CALD) traded up 0.43% during midday trading on Friday, hitting $23.35. The stock had a trading volume of 201,899 shares. The stock’s 50-day moving average is $23.98 and its 200-day moving average is $21.50. The company’s market capitalization is $1.58 billion. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $25.90.

Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.13. The firm had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Equities research analysts forecast that Callidus Software, Inc. will post $0.33 EPS for the current year.

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CALD has been the subject of a number of research reports. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. upped their price objective on Callidus Software to $30.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 8th. Finally, Jefferies Group LLC initiated coverage on Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.13.

In related news, insider Leslie Stretch sold 104,509 shares of Callidus Software stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total value of $2,612,725.00. Following the completion of the transaction, the insider now owns 324,145 shares in the company, valued at $8,103,625. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the transaction, the chief financial officer now owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,776 shares of company stock valued at $5,417,341. Company insiders own 1.61% of the company’s stock.

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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Institutional Ownership by Quarter for Callidus Software (NASDAQ:CALD)

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