Teachers Advisors LLC boosted its position in Callidus Software, Inc. (NASDAQ:CALD) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,701 shares of the technology company’s stock after buying an additional 9,190 shares during the period. Teachers Advisors LLC owned about 0.15% of Callidus Software worth $1,625,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its stake in shares of Callidus Software by 21.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 534,200 shares of the technology company’s stock worth $9,803,000 after buying an additional 94,486 shares in the last quarter. First Washington CORP raised its stake in Callidus Software by 0.4% in the third quarter. First Washington CORP now owns 414,360 shares of the technology company’s stock valued at $7,604,000 after buying an additional 1,600 shares during the period. Prudential Financial Inc. increased its position in shares of Callidus Software by 26.2% in the third quarter. Prudential Financial Inc. now owns 24,272 shares of the technology company’s stock valued at $446,000 after buying an additional 5,038 shares in the last quarter. Monashee Investment Management LLC purchased a new position in shares of Callidus Software during the third quarter valued at $734,000. Finally, BlackRock Fund Advisors increased its position in Callidus Software by 16.8% in the third quarter. BlackRock Fund Advisors now owns 1,535,935 shares of the technology company’s stock valued at $28,184,000 after buying an additional 221,154 shares during the period. Institutional investors own 99.93% of the company’s stock.
Shares of Callidus Software, Inc. (NASDAQ CALD) traded up 0.45% during midday trading on Monday, reaching $22.35. 201,402 shares of the company’s stock traded hands. The stock’s market capitalization is $1.45 billion. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $24.10. The firm’s 50-day moving average price is $21.88 and its 200 day moving average price is $19.54.
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CALD has been the subject of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of Callidus Software in a report on Wednesday, April 12th. B. Riley reissued a “buy” rating and issued a $24.50 price objective on shares of Callidus Software in a research report on Friday, May 5th. Dougherty & Co raised shares of Callidus Software from a “sell” rating to a “neutral” rating in a research report on Monday, May 8th. Finally, ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.50.
In other Callidus Software news, insider Leslie Stretch sold 50,717 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $23.12, for a total value of $1,172,577.04. Following the sale, the insider now directly owns 496,128 shares in the company, valued at $11,470,479.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $21.29, for a total transaction of $319,350.00. Following the completion of the sale, the executive vice president now owns 344,260 shares in the company, valued at $7,329,295.40. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.
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.
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