Callidus Software, Inc. (CALD) is Granite Investment Partners LLC’s 4th Largest Position

Granite Investment Partners LLC raised its stake in shares of Callidus Software, Inc. (NASDAQ:CALD) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 886,426 shares of the technology company’s stock after buying an additional 22,042 shares during the period. Callidus Software makes up about 1.4% of Granite Investment Partners LLC’s portfolio, making the stock its 4th largest position. Granite Investment Partners LLC’s holdings in Callidus Software were worth $21,452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CALD. Schwab Charles Investment Management Inc. raised its position in Callidus Software by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 276,477 shares of the technology company’s stock valued at $6,691,000 after buying an additional 11,564 shares during the last quarter. Cambridge Trust Co. raised its position in Callidus Software by 5.8% in the second quarter. Cambridge Trust Co. now owns 49,492 shares of the technology company’s stock valued at $1,198,000 after buying an additional 2,696 shares during the last quarter. Sei Investments Co. raised its position in Callidus Software by 41.8% in the second quarter. Sei Investments Co. now owns 15,598 shares of the technology company’s stock valued at $378,000 after buying an additional 4,595 shares during the last quarter. Essex Investment Management Co. LLC raised its position in Callidus Software by 5.5% in the second quarter. Essex Investment Management Co. LLC now owns 178,858 shares of the technology company’s stock valued at $4,328,000 after buying an additional 9,390 shares during the last quarter. Finally, US Bancorp DE raised its position in Callidus Software by 3.5% in 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 during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Shares of Callidus Software, Inc. (CALD) opened at 24.45 on Thursday. Callidus Software, Inc. has a 12 month low of $15.15 and a 12 month high of $25.90. The stock has a 50 day moving average price of $23.99 and a 200 day moving average price of $21.45. The stock’s market cap is $1.59 billion.

Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.13. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The firm had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Equities analysts anticipate that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.

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Several research firms recently commented on CALD. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research note on Wednesday. Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC assumed coverage on Callidus Software in a research report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price target for the company. Finally, Oppenheimer Holdings, Inc. boosted their price target on Callidus Software to $30.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.13.

In other news, EVP Jimmy C. Duan sold 14,863 shares of Callidus Software stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the transaction, the executive vice president now owns 322,236 shares in the company, valued at $8,113,902.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Stretch sold 104,509 shares of Callidus Software stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the completion of the transaction, the insider now owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The disclosure for this sale can be found here. Insiders sold 179,089 shares of company stock valued at $4,382,302 in the last quarter. 1.61% of the stock is currently owned by corporate insiders.

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

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