Flinton Capital Management LLC Reduces Position in Callidus Software, Inc. (CALD)
Flinton Capital Management LLC trimmed its position in shares of Callidus Software, Inc. (NASDAQ:CALD) by 25.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,934 shares of the technology company’s stock after selling 3,978 shares during the quarter. Flinton Capital Management LLC’s holdings in Callidus Software were worth $289,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors grew its holdings in Callidus Software by 94.7% in the 2nd quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock valued at $80,102,000 after buying an additional 1,610,000 shares in the last quarter. American Century Companies Inc. purchased a new stake in Callidus Software in the 2nd quarter valued at $8,255,000. Ameriprise Financial Inc. grew its holdings in Callidus Software by 200.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 461,036 shares of the technology company’s stock valued at $11,157,000 after buying an additional 307,842 shares in the last quarter. FMR LLC grew its holdings in Callidus Software by 5.5% in the 1st 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 in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Callidus Software in the 1st quarter valued at $5,421,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
In other news, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.30, for a total value of $903,644.10. Following the completion of the sale, the insider now owns 349,145 shares of the company’s stock, valued at $8,484,223.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,059 shares of company stock valued at $4,244,764. Company insiders own 1.61% of the company’s stock.
Several brokerages have issued reports on CALD. B. Riley restated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a report on Wednesday, September 27th. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC began coverage on Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price for the company. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the company a “buy” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.57.
Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.13). The business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. Callidus Software’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS.
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.
Receive News & Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.