Kopp Investment Advisors LLC cut its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,655 shares of the technology company’s stock after selling 4,377 shares during the period. Callidus Software makes up 3.9% of Kopp Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding. Kopp Investment Advisors LLC owned 0.20% of Callidus Software worth $3,858,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Callidus Software by 49.5% during the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after acquiring an additional 2,309 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Callidus Software during the third quarter worth about $204,000. Allianz Asset Management GmbH bought a new stake in Callidus Software in the 4th quarter worth about $295,000. Arrowstreet Capital Limited Partnership bought a new stake in Callidus Software in the 4th quarter worth about $372,000. Finally, Two Sigma Advisers LP grew its position in Callidus Software by 82.5% in the 4th quarter. Two Sigma Advisers LP now owns 18,800 shares of the technology company’s stock worth $539,000 after purchasing an additional 8,500 shares in the last quarter. 94.45% of the stock is owned by institutional investors.
In other Callidus Software news, insider Leslie Stretch sold 15,354 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total value of $434,978.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.61% of the company’s stock.
Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Callidus Software had a negative net margin of 8.01% and a negative return on equity of 4.16%. The business had revenue of $69.51 million for the quarter, compared to analysts’ expectations of $65.54 million. analysts forecast that Callidus Software Inc. will post -0.03 EPS for the current year.
A number of equities research analysts have issued reports on CALD shares. Dougherty & Co reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Callidus Software in a research report on Tuesday, December 19th. BidaskClub downgraded shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 target price on shares of Callidus Software in a research note on Monday, December 4th. First Analysis assumed coverage on shares of Callidus Software in a research note on Friday, November 17th. They issued an “equal weight” rating and a $32.00 target price on the stock. Finally, Craig Hallum cut shares of Callidus Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.91.
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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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