Suffolk Capital Management LLC cut its stake in Callidus Software, Inc. (NASDAQ:CALD) by 19.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,852 shares of the technology company’s stock after selling 15,523 shares during the period. Suffolk Capital Management LLC owned 0.10% of Callidus Software worth $1,545,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in Callidus Software by 5.5% in the first quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock valued at $116,919,000 after buying an additional 283,900 shares during the period. Janus Capital Management LLC raised its stake in 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 valued at $62,558,000 after buying an additional 242,657 shares during the period. Vanguard Group Inc. raised its stake in Callidus Software by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,750,739 shares of the technology company’s stock valued at $58,728,000 after buying an additional 138,898 shares during the period. RGM Capital LLC raised its stake in Callidus Software by 0.7% in the first quarter. RGM Capital LLC now owns 2,747,527 shares of the technology company’s stock valued at $58,660,000 after buying an additional 20,000 shares during the period. Finally, Hood River Capital Management LLC raised its stake in Callidus Software by 52.0% in the first quarter. Hood River Capital Management LLC now owns 1,505,753 shares of the technology company’s stock valued at $32,148,000 after buying an additional 515,283 shares during the period. Institutional investors own 99.77% of the company’s stock.

Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 25.00 on Friday. Callidus Software, Inc. has a one year low of $15.15 and a one year high of $25.90. The firm’s market capitalization is $1.62 billion. The company’s 50 day moving average is $23.60 and its 200-day moving average is $21.20.

Callidus Software (NASDAQ:CALD) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ 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 6.28%. The company had revenue of $61.30 million for the quarter, compared to analyst estimates of $58.95 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. Equities analysts expect that Callidus Software, Inc. will post $0.31 EPS for the current year.

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Several equities research analysts have weighed in on CALD shares. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of Callidus Software in a report on Friday. Dougherty & Co upgraded shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 8th. William Blair restated an “outperform” rating on shares of Callidus Software in a report on Wednesday, April 12th. Finally, Jefferies Group LLC initiated coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.38.

In related news, EVP Jimmy C. Duan sold 15,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $21.29, for a total transaction of $319,350.00. Following the transaction, the executive vice president now owns 344,260 shares in the company, valued at approximately $7,329,295.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leslie Stretch sold 104,509 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the transaction, the insider now owns 324,145 shares in the company, valued at approximately $8,103,625. The disclosure for this sale can be found here. Insiders have sold a total of 170,226 shares of company stock worth $4,104,652 in the last quarter. 1.61% of the stock is owned by corporate insiders.

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.

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

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