GW&K Investment Management LLC increased its stake in Callidus Software Inc. (NASDAQ:CALD) by 53.1% during the second quarter, Holdings Channel reports. The fund owned 1,359,898 shares of the company’s stock after buying an additional 471,708 shares during the period. GW&K Investment Management LLC’s holdings in Callidus Software were worth $27,171,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CALD. Bank of Montreal Can purchased a new position in Callidus Software during the second quarter valued at about $11,897,000. Sigma Planning Corp purchased a new position in Callidus Software during the second quarter valued at about $393,000. Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in Callidus Software during the second quarter valued at about $1,259,000. Independent Portfolio Consultants Inc. increased its position in Callidus Software by 8.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 13,185 shares of the company’s stock valued at $263,000 after buying an additional 1,065 shares during the period. Finally, Granahan Investment Management Inc. MA increased its position in Callidus Software by 224.1% in the first quarter. Granahan Investment Management Inc. MA now owns 186,700 shares of the company’s stock valued at $3,114,000 after buying an additional 129,100 shares during the period. Institutional investors own 97.98% of the company’s stock.
Callidus Software Inc. (NASDAQ:CALD) traded up 0.22% on Monday, hitting $18.14. 604,330 shares of the stock were exchanged. The company’s market cap is $1.04 billion. Callidus Software Inc. has a 52 week low of $11.48 and a 52 week high of $21.64. The company’s 50-day moving average is $19.32 and its 200-day moving average is $18.31.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The company earned $49.80 million during the quarter, compared to analysts’ expectations of $50.32 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts predict that Callidus Software Inc. will post $0.27 earnings per share for the current year.
Several research firms have recently issued reports on CALD. B. Riley reaffirmed a “buy” rating and set a $21.00 price target on shares of Callidus Software in a research note on Tuesday, August 9th. Piper Jaffray Cos. lifted their price target on Callidus Software from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 21st. Zacks Investment Research raised Callidus Software from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, August 8th. Roth Capital reissued a “buy” rating on shares of Callidus Software in a research note on Wednesday, June 1st. Finally, Dougherty & Co downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.11.
In related news, insider Leslie Stretch sold 37,500 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.21, for a total transaction of $720,375.00. Following the completion of the transaction, the insider now owns 511,670 shares of the company’s stock, valued at $9,829,180.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bob L. Corey sold 13,115 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $19.41, for a total value of $254,562.15. Following the transaction, the chief financial officer now directly owns 194,412 shares of the company’s stock, valued at approximately $3,773,536.92. The disclosure for this sale can be found here. Corporate insiders own 3.23% of the company’s stock.
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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