Public Employees Retirement Association of Colorado Boosts Position in Callidus Software Inc. (CALD)
Public Employees Retirement Association of Colorado raised its position in Callidus Software Inc. (NASDAQ:CALD) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 439,714 shares of the company’s stock after buying an additional 59,414 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Callidus Software were worth $8,785,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Menta Capital LLC acquired a new position in Callidus Software during the first quarter worth about $186,000. Independent Portfolio Consultants Inc. increased its position in shares of Callidus Software by 8.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 13,185 shares of the company’s stock valued at $263,000 after buying an additional 1,065 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Callidus Software during the second quarter valued at $393,000. Goldman Sachs Group Inc. increased its position in shares of Callidus Software by 34.7% in the first quarter. Goldman Sachs Group Inc. now owns 75,303 shares of the company’s stock valued at $1,256,000 after buying an additional 19,393 shares in the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in shares of Callidus Software during the second quarter valued at $1,259,000. 90.06% of the stock is currently owned by institutional investors.
Shares of Callidus Software Inc. (NASDAQ:CALD) traded up 0.27% during midday trading on Friday, reaching $18.33. 412,048 shares of the company traded hands. The firm’s market capitalization is $1.05 billion. Callidus Software Inc. has a 1-year low of $11.48 and a 1-year high of $21.64. The stock has a 50 day moving average price of $18.73 and a 200 day moving average price of $18.72.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The business had revenue of $49.80 million for the quarter, compared to analyst estimates of $50.32 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Analysts expect that Callidus Software Inc. will post $0.27 earnings per share for the current fiscal year.
Several equities analysts have weighed in on CALD shares. Roth Capital reaffirmed a “buy” rating on shares of Callidus Software in a report on Wednesday, June 22nd. Dougherty & Co downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. Piper Jaffray Cos. lifted their price target on shares of Callidus Software from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 21st. Zacks Investment Research downgraded shares of Callidus Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 price target on shares of Callidus Software in a report on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.11.
In other Callidus Software news, CFO Bob L. Corey sold 13,115 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $19.41, for a total value of $254,562.15. Following the sale, the chief financial officer now owns 194,412 shares in the company, valued at approximately $3,773,536.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Leslie Stretch sold 37,500 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $19.21, for a total value of $720,375.00. Following the transaction, the insider now owns 511,670 shares in the company, valued at approximately $9,829,180.70. The disclosure for this sale can be found here. 3.23% of the stock is owned by company insiders.
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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