Nationwide Fund Advisors boosted its stake in Callidus Software, Inc. (NASDAQ:CALD) by 433.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,516 shares of the technology company’s stock after acquiring an additional 156,403 shares during the period. Nationwide Fund Advisors owned 0.30% of Callidus Software worth $4,659,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Callidus Software by 3.5% in the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after acquiring an additional 236 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Callidus Software by 10.4% in 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 in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Callidus Software by 5.5% in the second quarter. Oppenheimer & Co. Inc. now owns 10,274 shares of the technology company’s stock valued at $249,000 after acquiring an additional 533 shares in the last quarter. Legal & General Group Plc boosted its holdings in Callidus Software by 6.3% in the second quarter. Legal & General Group Plc now owns 15,496 shares of the technology company’s stock valued at $373,000 after acquiring an additional 914 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Callidus Software by 1.5% in the second quarter. Alliancebernstein L.P. now owns 76,200 shares of the technology company’s stock valued at $1,844,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

CALD has been the topic of several recent analyst reports. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. lifted their price target on shares of Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. ValuEngine upgraded 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. Finally, Piper Jaffray Companies set a $27.00 price target on shares of Callidus Software and gave the company a “buy” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.57.

In other news, insider Leslie Stretch sold 37,187 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.30, for a total transaction of $903,644.10. Following the transaction, the insider now owns 349,145 shares of the company’s stock, valued at approximately $8,484,223.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Roxanne Oulman sold 5,500 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. Insiders have sold a total of 171,059 shares of company stock worth $4,244,764 in the last three months. Corporate insiders own 1.61% of the company’s stock.

Callidus Software, Inc. (NASDAQ CALD) opened at 25.85 on Friday. The firm’s 50-day moving average price is $24.85 and its 200 day moving average price is $22.93. 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 $1.75 billion.

Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $61.30 million for the quarter, compared to the consensus estimate of $58.95 million. During the same period in the previous year, the company posted $0.06 EPS. Callidus Software’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Callidus Software, Inc. will post $0.33 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Callidus Software (NASDAQ:CALD)

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