Wells Fargo & Company MN raised its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,796 shares of the technology company’s stock after purchasing an additional 5,188 shares during the period. Wells Fargo & Company MN’s holdings in Callidus Software were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 valued at $127,000 after purchasing an additional 492 shares during the period. Ameritas Investment Partners Inc. lifted 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 valued at $137,000 after purchasing an additional 858 shares during the period. Great West Life Assurance Co. Can lifted its position in Callidus Software by 49.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock valued at $171,000 after purchasing an additional 2,309 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after acquiring an additional 6,703 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Callidus Software in the 2nd quarter valued at about $200,000. Institutional investors own 92.11% of the company’s stock.
In related news, CFO Roxanne Oulman sold 6,200 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total transaction of $173,662.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leslie Stretch sold 15,354 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $28.33, for a total value of $434,978.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,554 shares of company stock valued at $1,047,391. 1.61% of the stock is owned by company insiders.
Shares of Callidus Software Inc. (NASDAQ:CALD) opened at $30.85 on Friday. Callidus Software Inc. has a 52 week low of $17.75 and a 52 week high of $30.92.
Callidus Software (NASDAQ:CALD) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Callidus Software had a negative return on equity of 5.67% and a negative net margin of 9.54%. analysts expect that Callidus Software Inc. will post -0.15 EPS for the current fiscal year.
A number of analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a research note on Wednesday, September 27th. Oppenheimer reaffirmed a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a research note on Friday, September 29th. Zacks Investment Research cut Callidus Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $35.00 price target on shares of Callidus Software in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Callidus Software currently has an average rating of “Buy” and an average price target of $30.20.
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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.
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