Callidus Software Inc. (CALD) Position Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in Callidus Software Inc. (NASDAQ:CALD) by 56.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 170,800 shares of the technology company’s stock after buying an additional 61,927 shares during the period. Goldman Sachs Group Inc.’s holdings in Callidus Software were worth $4,893,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Deutsche Bank AG raised its position in shares of Callidus Software by 138.8% in the fourth quarter. Deutsche Bank AG now owns 194,192 shares of the technology company’s stock worth $5,562,000 after buying an additional 112,862 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Callidus Software by 1.5% in the fourth quarter. Renaissance Technologies LLC now owns 908,400 shares of the technology company’s stock worth $26,026,000 after buying an additional 13,500 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Callidus Software by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 593,786 shares of the technology company’s stock worth $17,011,000 after buying an additional 14,908 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Callidus Software in the fourth quarter worth $295,000. Finally, American International Group Inc. raised its position in shares of Callidus Software by 5.5% in the fourth quarter. American International Group Inc. now owns 45,617 shares of the technology company’s stock worth $1,307,000 after buying an additional 2,377 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

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NASDAQ CALD opened at $36.00 on Friday. Callidus Software Inc. has a twelve month low of $19.25 and a twelve month high of $36.25. The stock has a market cap of $2,392.57, a price-to-earnings ratio of -189.47 and a beta of 1.15.

Callidus Software (NASDAQ:CALD) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Callidus Software had a negative return on equity of 4.16% and a negative net margin of 8.01%. The business had revenue of $69.51 million for the quarter, compared to the consensus estimate of $65.54 million. equities research analysts forecast that Callidus Software Inc. will post -0.03 EPS for the current fiscal year.

A number of brokerages recently issued reports on CALD. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 30th. Jefferies Group downgraded Callidus Software from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research report on Friday, February 9th. Dougherty & Co downgraded Callidus Software from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Craig Hallum downgraded Callidus Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, B. Riley downgraded Callidus Software from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $28.00 to $36.00 in a research report on Wednesday, January 31st. Eleven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.91.

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Callidus Software Company Profile

Callidus Software Inc provides cloud-based sales, marketing, learning, and customer experience solutions worldwide. The company enables its customers to sell Lead to Money suite of solutions that identify leads, train personnel, implement territory and quota plans, enable sales forces, automate configuration pricing and quoting, manage contracts, streamline sales compensation, capture customer feedback, and provide predictive analytics for competitive advantage.

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

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