Callidus Software Target of Unusually Large Options Trading (CALD)

Callidus Software Inc. (NASDAQ:CALD) saw some unusual options trading activity on Wednesday. Investors bought 1,593 call options on the stock. This is an increase of 1,228% compared to the average volume of 120 call options.

Several analysts recently commented on CALD shares. BidaskClub raised shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Craig Hallum downgraded shares of Callidus Software from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Capital downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Tuesday. Zacks Investment Research downgraded shares of Callidus Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price target on shares of Callidus Software in a report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Callidus Software presently has a consensus rating of “Hold” and a consensus price target of $32.50.

Shares of Callidus Software (CALD) opened at $35.95 on Friday. The stock has a market cap of $2,373.50 and a PE ratio of -99.86. Callidus Software has a 1-year low of $18.38 and a 1-year high of $36.25.

Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Callidus Software had a negative net margin of 9.54% and a negative return on equity of 5.67%. The firm had revenue of $64.18 million for the quarter, compared to analysts’ expectations of $62.25 million. analysts predict that Callidus Software will post -0.15 earnings per share for the current year.

In related news, CFO Roxanne Oulman sold 6,200 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $28.01, for a total transaction of $173,662.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leslie Stretch sold 15,354 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total transaction of $434,978.82. The disclosure for this sale can be found here. Insiders have sold a total of 36,554 shares of company stock worth $1,047,391 over the last three months. 1.61% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CALD. JPMorgan Chase & Co. lifted its stake in shares of Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Callidus Software by 17.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after purchasing an additional 858 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Callidus Software by 49.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after purchasing an additional 2,309 shares during the period. Amalgamated Bank bought a new position in shares of Callidus Software in the 2nd quarter worth approximately $200,000. Finally, Trexquant Investment LP bought a new position in shares of Callidus Software in the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.

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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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