Comerica Bank decreased its position in Callidus Software, Inc. (NASDAQ:CALD) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,725 shares of the technology company’s stock after selling 3,840 shares during the quarter. Comerica Bank owned about 0.10% of Callidus Software worth $1,584,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CALD. Ameritas Investment Partners Inc. acquired a new stake in shares of Callidus Software in the first quarter valued at $103,000. US Bancorp DE lifted its holdings 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 buying an additional 784 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Callidus Software in the first quarter valued at $146,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Callidus Software in the first quarter valued at $208,000. Finally, Sei Investments Co. lifted its holdings in shares of Callidus Software by 13.3% in the first quarter. Sei Investments Co. now owns 11,003 shares of the technology company’s stock valued at $235,000 after buying an additional 1,288 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.
Shares of Callidus Software, Inc. (CALD) opened at 25.05 on Wednesday. The firm’s market capitalization is $1.69 billion. The stock’s 50 day moving average price is $24.41 and its 200-day moving average price is $22.25. Callidus Software, Inc. has a 12 month low of $15.15 and a 12 month high of $25.90.
Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13). The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.
In other Callidus Software news, 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 transaction of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at $3,803,311.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jimmy C. Duan sold 14,863 shares of Callidus Software stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the transaction, the executive vice president now 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 quarter, insiders have sold 171,059 shares of company stock worth $4,244,764. Corporate insiders own 1.61% of the company’s stock.
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Several brokerages have recently weighed in on CALD. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. upped their price objective on Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Jefferies Group LLC began 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. B. Riley restated a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a report on Wednesday, August 9th. Finally, BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Callidus Software currently has an average rating of “Buy” and a consensus price target of $25.13.
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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