Wasatch Advisors Inc. Raises Holdings in Callidus Software, Inc. (CALD)
Wasatch Advisors Inc. raised its position in Callidus Software, Inc. (NASDAQ:CALD) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,242,822 shares of the technology company’s stock after buying an additional 144,840 shares during the quarter. Wasatch Advisors Inc. owned about 4.79% of Callidus Software worth $78,476,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Callidus Software in the first quarter valued at $103,000. 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 in the last quarter. US Bancorp DE grew 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 valued at $142,000 after purchasing an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Callidus Software in the first quarter valued at $146,000. Finally, BNP Paribas Arbitrage SA grew 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 valued at $171,000 after purchasing an additional 6,703 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
In related news, CFO Roxanne Oulman sold 5,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jimmy C. Duan sold 14,863 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the transaction, the executive vice president now directly owns 322,236 shares in the company, valued at $8,113,902.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,059 shares of company stock worth $4,244,764. 1.61% of the stock is owned by insiders.
Shares of Callidus Software, Inc. (CALD) remained flat at $25.40 during trading on Friday. 136,371 shares of the company’s stock traded hands. The stock’s market capitalization is $1.72 billion. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $27.35. The stock has a 50-day moving average price of $25.05 and a 200-day moving average price of $23.10.
Callidus Software (NASDAQ:CALD) last announced its earnings results 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 return on equity of 6.25% and a negative net margin of 10.08%. The company had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. During the same period in the prior year, the business posted $0.06 earnings per share. Callidus Software’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts predict that Callidus Software, Inc. will post $0.33 EPS for the current year.
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CALD has been the subject of several recent research reports. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. lifted their price target on Callidus Software to $30.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC initiated coverage on Callidus Software in a research report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price target for the company. Finally, Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.57.
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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