Franklin Resources Inc. reduced its stake in Callidus Software, Inc. (NASDAQ:CALD) by 22.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,730,351 shares of the technology company’s stock after selling 512,519 shares during the period. Franklin Resources Inc. owned approximately 2.67% of Callidus Software worth $41,875,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC raised its holdings in Callidus Software by 5.5% in the 1st quarter. FMR LLC now owns 5,476,288 shares of the technology company’s stock valued at $116,919,000 after buying an additional 283,900 shares during the period. Janus Capital Management LLC raised its holdings in Callidus Software by 9.0% in the 1st quarter. Janus Capital Management LLC now owns 2,930,119 shares of the technology company’s stock valued at $62,558,000 after buying an additional 242,657 shares during the period. Vanguard Group Inc. raised its holdings in Callidus Software by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 2,750,739 shares of the technology company’s stock valued at $58,728,000 after buying an additional 138,898 shares during the period. RGM Capital LLC raised its holdings in Callidus Software by 0.7% in the 1st quarter. RGM Capital LLC now owns 2,747,527 shares of the technology company’s stock valued at $58,660,000 after buying an additional 20,000 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Callidus Software by 15.5% in the 1st quarter. Macquarie Group Ltd. now owns 1,475,622 shares of the technology company’s stock valued at $31,505,000 after buying an additional 197,757 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 25.50 on Friday. Callidus Software, Inc. has a 52 week low of $15.15 and a 52 week high of $25.90. The firm’s 50-day moving average is $24.49 and its 200-day moving average is $22.37. The stock’s market capitalization is $1.72 billion.
Callidus Software (NASDAQ:CALD) last issued its quarterly 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). The business had revenue of $61.30 million during 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 quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. On average, equities research analysts anticipate that Callidus Software, Inc. will post $0.33 EPS for the current fiscal year.
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In other news, CFO Roxanne Oulman sold 5,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value 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 SEC, which is accessible through the SEC website. Also, insider Leslie Stretch sold 104,509 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total value of $2,612,725.00. Following the completion of 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. Over the last 90 days, insiders sold 171,059 shares of company stock worth $4,244,764. Company insiders own 1.61% of the company’s stock.
CALD has been the topic of several research analyst reports. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Callidus Software to $30.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Jefferies Group LLC initiated coverage on shares of Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the company a “buy” rating in a report on Saturday, August 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.13.
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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