Lyon Street Capital LLC Reduces Stake in Callidus Software, Inc. (CALD)
Lyon Street Capital LLC cut its stake in Callidus Software, Inc. (NASDAQ:CALD) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,316 shares of the technology company’s stock after selling 77,447 shares during the quarter. Callidus Software makes up 2.4% of Lyon Street Capital LLC’s portfolio, making the stock its 15th biggest holding. Lyon Street Capital LLC owned 0.37% of Callidus Software worth $6,058,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Callidus Software in the first quarter worth $103,000. JPMorgan Chase & Co. increased its stake in shares of Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after acquiring an additional 492 shares during the last quarter. US Bancorp DE increased its stake in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after acquiring an additional 784 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Callidus Software in the first quarter worth $146,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Callidus Software by 1,877.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after acquiring an additional 6,703 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on CALD. Jefferies Group LLC began coverage on shares of Callidus Software in a research report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research report on Friday, September 29th. B. Riley reissued a “buy” rating and set a $28.00 target price on shares of Callidus Software in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 target price on shares of Callidus Software and gave the stock a “buy” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $26.57.
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Callidus Software, Inc. (CALD) traded up 0.19% during midday trading on Thursday, reaching $25.70. 21,904 shares of the company’s stock were exchanged. Callidus Software, Inc. has a 52 week low of $15.15 and a 52 week high of $27.35. The company’s market cap is $1.74 billion. The firm has a 50-day moving average price of $24.74 and a 200 day moving average price of $22.87.
Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.13). The firm had revenue of $61.30 million for the quarter, compared to analyst estimates of $58.95 million. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Analysts anticipate that Callidus Software, Inc. will post $0.33 EPS for the current year.
In other news, CFO Roxanne Oulman sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leslie Stretch sold 104,509 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the transaction, the insider now owns 324,145 shares in the company, valued at $8,103,625. The disclosure for this sale can be found here. Insiders have sold a total of 171,059 shares of company stock worth $4,244,764 over the last 90 days. 1.61% of the stock is owned by company 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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