Callidus Software, Inc. (NASDAQ:CALD) is Falcon Point Capital LLC’s 3rd Largest Position
Falcon Point Capital LLC reduced its position in Callidus Software, Inc. (NASDAQ:CALD) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 878,696 shares of the technology company’s stock after selling 210,073 shares during the period. Callidus Software makes up approximately 2.9% of Falcon Point Capital LLC’s investment portfolio, making the stock its 3rd largest position. Falcon Point Capital LLC’s holdings in Callidus Software were worth $21,264,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in CALD. Ameritas Investment Partners Inc. purchased a new position in shares of Callidus Software during the first quarter worth approximately $103,000. US Bancorp DE raised its position in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Callidus Software during the first quarter worth approximately $146,000. Oppenheimer & Co. Inc. purchased a new position in shares of Callidus Software during the first quarter worth approximately $208,000. Finally, Sei Investments Co. raised its position in shares of Callidus Software by 13.3% in the first quarter. Sei Investments Co. now owns 11,003 shares of the technology company’s stock worth $235,000 after buying an additional 1,288 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Callidus Software, Inc. (NASDAQ CALD) opened at 23.35 on Friday. The stock has a 50 day moving average price of $23.98 and a 200 day moving average price of $21.50. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $25.90. The company’s market capitalization is $1.58 billion.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings data 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 business had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts anticipate that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.
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A number of equities analysts recently commented on CALD shares. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. B. Riley reissued a “buy” rating and set a $28.00 price target on shares of Callidus Software in a research note on Friday, August 4th. Dougherty & Co raised Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 8th. Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC started coverage on Callidus Software in a research note on Wednesday, July 26th. They set a “buy” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.13.
In related news, insider Leslie Stretch sold 104,509 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total value of $2,612,725.00. Following the transaction, the insider now directly owns 324,145 shares in the company, valued at $8,103,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jimmy C. Duan sold 14,863 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the transaction, the executive vice president now owns 322,236 shares in the company, valued at $8,113,902.48. The disclosure for this sale can be found here. Insiders sold 221,776 shares of company stock worth $5,417,341 over the last quarter. 1.61% of the stock is currently owned by 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.
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