First Washington CORP reduced its stake in Callidus Software, Inc. (NASDAQ:CALD) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,140 shares of the technology company’s stock after selling 6,400 shares during the period. Callidus Software makes up about 3.7% of First Washington CORP’s holdings, making the stock its 4th largest holding. First Washington CORP owned 0.45% of Callidus Software worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CALD. BlackRock Inc. raised its position in shares of Callidus Software by 5.8% in the second quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock worth $97,652,000 after buying an additional 220,174 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Callidus Software in the second quarter worth $84,553,000. Capital World Investors raised its position in shares of Callidus Software by 94.7% in the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock worth $80,102,000 after buying an additional 1,610,000 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of Callidus Software by 4.7% in the second quarter. Wasatch Advisors Inc. now owns 3,242,822 shares of the technology company’s stock worth $78,476,000 after buying an additional 144,840 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Callidus Software by 4.2% in the second quarter. Vanguard Group Inc. now owns 2,865,837 shares of the technology company’s stock worth $69,354,000 after buying an additional 115,098 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.

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Callidus Software, Inc. (CALD) traded up $0.20 during midday trading on Wednesday, reaching $27.95. The company’s stock had a trading volume of 190,300 shares, compared to its average volume of 399,091. Callidus Software, Inc. has a twelve month low of $15.15 and a twelve month high of $29.70.

In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $29.25, for a total transaction of $438,750.00. Following the sale, the executive vice president now owns 300,075 shares in the company, valued at $8,777,193.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

CALD has been the topic of a number of recent analyst reports. 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 price objective on the stock. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a research report on Friday, August 4th. Piper Jaffray Companies set a $27.00 price objective on Callidus Software and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, BidaskClub downgraded Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Callidus Software currently has an average rating of “Buy” and a consensus price target of $28.63.

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.

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

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