D.A. Davidson & CO. Has $291,000 Position in Callidus Software, Inc. (CALD)
D.A. Davidson & CO. trimmed its stake in shares of Callidus Software, Inc. (NASDAQ:CALD) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,048 shares of the technology company’s stock after selling 231 shares during the quarter. D.A. Davidson & CO.’s holdings in Callidus Software were worth $291,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in Callidus Software by 5.5% during the 1st quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock worth $116,919,000 after purchasing an additional 283,900 shares in the last quarter. BlackRock Inc. boosted its stake in Callidus Software by 5.8% in the 2nd quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock worth $97,652,000 after purchasing an additional 220,174 shares during the period. Janus Capital Management LLC boosted its stake in Callidus Software by 9.0% in the 1st quarter. Janus Capital Management LLC now owns 2,930,119 shares of the technology company’s stock worth $62,558,000 after purchasing an additional 242,657 shares during the period. Vanguard Group Inc. grew its holdings in Callidus Software by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,750,739 shares of the technology company’s stock valued at $58,728,000 after buying an additional 138,898 shares in the last quarter. Finally, RGM Capital LLC grew its holdings in Callidus Software by 0.7% during the 1st quarter. RGM Capital LLC now owns 2,747,527 shares of the technology company’s stock valued at $58,660,000 after buying an additional 20,000 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
CALD has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and set a $28.00 price target on shares of Callidus Software in a research report on Wednesday, September 27th. ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC initiated coverage on shares of Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price target on the stock. BidaskClub lowered shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.57.
In related news, EVP Jimmy C. Duan sold 14,863 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.18, for a total transaction of $374,250.34. Following the completion of the sale, the executive vice president now owns 322,236 shares in the company, valued at $8,113,902.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roxanne Oulman sold 5,500 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the sale, the chief financial officer now owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,059 shares of company stock worth $4,244,764. Insiders own 1.61% of the company’s stock.
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Shares of Callidus Software, Inc. (NASDAQ CALD) opened at 25.10 on Tuesday. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $22.82. Callidus Software, Inc. has a 12-month low of $15.15 and a 12-month high of $27.35. The stock’s market cap is $1.70 billion.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (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 business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts expect that Callidus Software, Inc. will post $0.33 EPS for the current year.
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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