Macquarie Group Ltd. boosted its stake in Callidus Software, Inc. (NASDAQ:CALD) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735,767 shares of the technology company’s stock after purchasing an additional 260,145 shares during the quarter. Macquarie Group Ltd. owned about 2.57% of Callidus Software worth $42,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its position in Callidus Software by 5.5% during the first quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock valued at $116,919,000 after acquiring an additional 283,900 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Callidus Software by 5.8% in the second 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 last quarter. Capital World Investors grew its holdings in shares of Callidus Software by 94.7% in the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock worth $80,102,000 after purchasing an additional 1,610,000 shares during the last quarter. Janus Capital Management LLC grew its holdings in shares of Callidus Software by 9.0% in the first 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 last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Callidus Software by 4.2% in the second quarter. Vanguard Group Inc. now owns 2,865,837 shares of the technology company’s stock worth $69,354,000 after purchasing an additional 115,098 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.
Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 25.20 on Tuesday. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $27.35. The firm’s 50 day moving average price is $25.08 and its 200-day moving average price is $23.14. The company’s market capitalization is $1.70 billion.
Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13). Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The firm had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts expect that Callidus Software, Inc. will post $0.33 EPS for the current year.
In other Callidus Software news, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Klausmeyer sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $24.75, for a total value of $222,750.00. Following the sale, the director now directly owns 30,253 shares of the company’s stock, valued at $748,761.75. The disclosure for this sale can be found here. Insiders sold a total of 171,059 shares of company stock valued at $4,244,764 over the last three months. Company insiders own 1.61% of the company’s stock.
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Several analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $30.00 price objective on shares of Callidus Software in a research report on Friday, September 29th. B. Riley reissued a “buy” rating and set a $28.00 price objective on shares of Callidus Software in a research report on Wednesday, September 27th. BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.57.
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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