Renaissance Technologies LLC reduced its holdings in shares of Callidus Software, Inc. (NASDAQ:CALD) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,098,701 shares of the technology company’s stock after selling 262,291 shares during the quarter. Renaissance Technologies LLC owned approximately 1.69% of Callidus Software worth $26,589,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Callidus Software during the first quarter valued at $103,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 period. US Bancorp DE boosted its holdings in shares of Callidus Software by 13.3% during the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock valued at $142,000 after acquiring an additional 784 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Callidus Software during the first quarter valued at $146,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of 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 period. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Callidus Software, Inc. (NASDAQ CALD) opened at 25.25 on Wednesday. Callidus Software, Inc. has a one year low of $15.15 and a one year high of $27.35. The firm’s market cap is $1.71 billion. The stock has a 50 day moving average price of $25.08 and a 200-day moving average price of $23.14.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 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 firm posted $0.06 EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts predict that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.
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In related news, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $23.89, for a total transaction of $131,395.00. Following the sale, the chief financial officer now owns 159,201 shares in the company, valued at approximately $3,803,311.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leslie Stretch sold 37,187 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $24.30, for a total value of $903,644.10. Following the sale, the insider now owns 349,145 shares in the company, valued at approximately $8,484,223.50. The disclosure for this sale can be found here. Insiders sold a total of 171,059 shares of company stock worth $4,244,764 in the last quarter. Corporate insiders own 1.61% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Callidus Software from a “hold” rating to a “sell” rating in a report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Callidus Software in a report on Friday, September 29th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a report on Wednesday, September 27th. BidaskClub downgraded shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the stock a “buy” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Callidus Software presently has an average rating of “Buy” and a consensus price target of $26.57.
About Callidus Software
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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