Marshall Wace North America L.P. raised its position in Callidus Software, Inc. (NASDAQ:CALD) by 53.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,942 shares of the technology company’s stock after buying an additional 138,785 shares during the period. Marshall Wace North America L.P. owned about 0.61% of Callidus Software worth $9,527,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Callidus Software by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 96,701 shares of the technology company’s stock valued at $1,625,000 after buying an additional 9,190 shares during the period. Russell Investments Group Ltd. raised its position in shares of Callidus Software by 8.6% in the first quarter. Russell Investments Group Ltd. now owns 1,008,300 shares of the technology company’s stock valued at $21,527,000 after buying an additional 80,145 shares during the period. US Bancorp DE raised 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 buying an additional 784 shares during the period. Bank of New York Mellon Corp raised its position in shares of Callidus Software by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock valued at $6,783,000 after buying an additional 12,684 shares during the period. Finally, Swiss National Bank raised its position in shares of Callidus Software by 2.2% in the first quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock valued at $2,233,000 after buying an additional 2,300 shares during the period. 94.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Callidus Software, Inc. (CALD) opened at 24.05 on Friday. The company’s market capitalization is $1.63 billion. The company has a 50-day moving average of $24.04 and a 200 day moving average of $21.89. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $25.90.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ 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 quarter last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts predict that Callidus Software, Inc. will post $0.33 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a report on Wednesday, August 9th. Dougherty & Co raised shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 15th. ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC assumed coverage on shares of Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price target for the company. Finally, BidaskClub lowered shares of 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 given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.13.
In other Callidus Software news, insider Leslie Stretch sold 50,717 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $23.12, for a total value of $1,172,577.04. Following the completion of the transaction, the insider now directly owns 496,128 shares in the company, valued at approximately $11,470,479.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total transaction 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 $3,803,311.89. The disclosure for this sale can be found here. Insiders sold a total of 221,776 shares of company stock valued at $5,417,341 over the last 90 days. 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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