Symmetry Peak Management LLC Has $363,000 Stake in Callidus Software, Inc. (CALD)
Symmetry Peak Management LLC decreased its stake in Callidus Software, Inc. (NASDAQ:CALD) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the technology company’s stock after selling 15,000 shares during the period. Symmetry Peak Management LLC’s holdings in Callidus Software were worth $363,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. purchased a new stake in shares of Callidus Software in the second quarter worth about $8,255,000. UBS Asset Management Americas Inc. boosted its position in shares of Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock worth $16,265,000 after buying an additional 57,547 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Callidus Software in the first quarter worth about $493,000. American International Group Inc. boosted its position in shares of Callidus Software by 15.3% in the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock worth $788,000 after buying an additional 4,902 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Callidus Software in the first quarter worth about $5,421,000. 94.84% of the stock is owned by institutional investors.
Shares of Callidus Software, Inc. (NASDAQ:CALD) traded down 0.19% on Friday, reaching $25.60. The company had a trading volume of 37,757 shares. The company has a 50-day moving average price of $24.78 and a 200-day moving average price of $22.89. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $27.35. The firm’s market capitalization is $1.73 billion.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13). The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. Equities research analysts forecast that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.
CALD has been the subject of several analyst reports. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. upped their target price on Callidus Software to $30.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Jefferies Group LLC initiated coverage on Callidus Software in a research report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price for the company. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.57.
In other news, EVP Jimmy C. Duan sold 14,863 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the sale, the executive vice president now directly owns 322,236 shares of the company’s stock, valued at $8,113,902.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin Klausmeyer sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $24.75, for a total value of $222,750.00. Following the completion of the sale, the director now directly owns 30,253 shares in the company, valued at $748,761.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,059 shares of company stock worth $4,244,764. 1.61% of the stock is currently 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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