Wasatch Advisors Inc. decreased its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,112,951 shares of the technology company’s stock after selling 124,026 shares during the quarter. Callidus Software comprises about 1.2% of Wasatch Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Wasatch Advisors Inc. owned about 4.57% of Callidus Software worth $89,186,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CALD. JPMorgan Chase & Co. increased its position in Callidus Software by 10.4% during the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after acquiring an additional 492 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Callidus Software by 17.9% during the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock valued at $137,000 after acquiring an additional 858 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Callidus Software by 1,877.6% during the second 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. Great West Life Assurance Co. Can increased its position in Callidus Software by 49.5% during the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock valued at $171,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Amalgamated Bank bought a new position in Callidus Software during the second quarter valued at $200,000. Institutional investors and hedge funds own 92.11% of the company’s stock.
Callidus Software Inc. (CALD) traded down $0.65 during midday trading on Tuesday, hitting $29.60. 342,607 shares of the stock were exchanged, compared to its average volume of 420,240. The company has a market capitalization of $2,060.48, a PE ratio of -82.22 and a beta of 0.85. Callidus Software Inc. has a 12-month low of $17.25 and a 12-month high of $30.84.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Callidus Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. First Analysis assumed coverage on shares of Callidus Software in a research report on Friday, November 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. Dougherty & Co reiterated a “buy” rating and set a $35.00 price objective on shares of Callidus Software in a research report on Tuesday, December 19th. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Finally, Jefferies Group boosted their price objective on shares of Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.20.
In other news, CFO Roxanne Oulman sold 6,200 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $28.01, for a total value of $173,662.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leslie Stretch sold 15,354 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $28.33, for a total transaction of $434,978.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,554 shares of company stock worth $1,047,391. Company insiders own 1.61% of the company’s stock.
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Callidus Software 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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