King Luther Capital Management Corp Sells 22,510 Shares of Callidus Software, Inc. (CALD)
King Luther Capital Management Corp lessened its stake in Callidus Software, Inc. (NASDAQ:CALD) by 24.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,950 shares of the technology company’s stock after selling 22,510 shares during the quarter. King Luther Capital Management Corp owned approximately 0.10% of Callidus Software worth $1,675,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. American Century Companies Inc. bought a new stake in Callidus Software during the second quarter worth $8,255,000. State Street Corp lifted its holdings in Callidus Software by 8.6% during the second quarter. State Street Corp now owns 1,213,777 shares of the technology company’s stock worth $29,375,000 after acquiring an additional 96,462 shares during the period. Eagle Asset Management Inc. lifted its holdings in Callidus Software by 114.6% during the second quarter. Eagle Asset Management Inc. now owns 338,772 shares of the technology company’s stock worth $8,198,000 after acquiring an additional 180,897 shares during the period. Fox Run Management L.L.C. bought a new stake in Callidus Software during the third quarter worth $841,000. Finally, Rhumbline Advisers lifted its holdings in Callidus Software by 6.5% during the second quarter. Rhumbline Advisers now owns 73,501 shares of the technology company’s stock worth $1,779,000 after acquiring an additional 4,470 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.
Several brokerages have issued reports on CALD. Piper Jaffray Companies restated a “buy” rating and issued a $33.00 target price on shares of Callidus Software in a research note on Monday, December 4th. B. Riley restated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research note on Wednesday, September 27th. Zacks Investment Research lowered Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group boosted their target price on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, First Analysis began coverage on 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Callidus Software currently has a consensus rating of “Buy” and an average target price of $29.67.
In other news, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the transaction, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $28.01, for a total value of $173,662.00. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by insiders.
Callidus Software, Inc. (NASDAQ:CALD) opened at $27.55 on Friday. Callidus Software, Inc. has a 52-week low of $16.05 and a 52-week high of $30.60.
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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