Callidus Software, Inc. (CALD) Stake Lifted by State Street Corp
State Street Corp lifted its holdings in Callidus Software, Inc. (NASDAQ:CALD) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,213,777 shares of the technology company’s stock after purchasing an additional 96,462 shares during the quarter. State Street Corp owned 1.79% of Callidus Software worth $29,375,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Callidus Software in the first quarter worth $146,000. US Bancorp DE boosted its stake in Callidus Software by 3.5% during the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after buying an additional 236 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Callidus Software by 1,877.6% during the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after buying an additional 6,703 shares in the last quarter. Finally, Amalgamated Bank bought a new position in Callidus Software during the second quarter valued at about $200,000. 94.42% of the stock is owned by institutional investors.
Several research analysts recently weighed in on CALD shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research note on Monday, September 18th. Zacks Investment Research cut Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research note on Wednesday, November 1st. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. 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 target price for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.63.
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In other news, EVP Jimmy C. Duan sold 15,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total transaction of $438,750.00. Following the completion of the sale, the executive vice president now directly owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.61% of the company’s stock.
Shares of Callidus Software, Inc. (CALD) opened at $27.75 on Friday. Callidus Software, Inc. has a fifty-two week low of $15.15 and a fifty-two week high of $29.70.
Callidus Software 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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