Callidus Software, Inc. (CALD) Stake Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in Callidus Software, Inc. (NASDAQ:CALD) by 200.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 461,036 shares of the technology company’s stock after purchasing an additional 307,842 shares during the period. Ameriprise Financial Inc. owned about 0.71% of Callidus Software worth $11,157,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. bought a new position in shares of Callidus Software in the second quarter worth approximately $8,255,000. UBS Asset Management Americas Inc. lifted its stake in Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock worth $16,265,000 after acquiring an additional 57,547 shares during the period. Karp Capital Management Corp purchased a new stake in Callidus Software in the first quarter worth $493,000. American International Group Inc. lifted its stake in Callidus Software by 15.3% in the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock worth $788,000 after acquiring an additional 4,902 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Callidus Software in the first quarter worth $5,421,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

CALD has been the subject of a number of research analyst reports. Jefferies Group LLC initiated coverage on Callidus Software in a research note on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a research note on Friday, September 29th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a research note on Wednesday, September 27th. BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the stock a “buy” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Callidus Software presently has an average rating of “Buy” and an average price target of $26.57.

WARNING: “Callidus Software, Inc. (CALD) Stake Lifted by Ameriprise Financial Inc.” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/callidus-software-inc-cald-stake-lifted-by-ameriprise-financial-inc.html.

Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 25.55 on Wednesday. The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $23.04. Callidus Software, Inc. has a 52 week low of $15.15 and a 52 week high of $27.35. The stock’s market cap is $1.73 billion.

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

In other Callidus Software news, insider Leslie Stretch sold 104,509 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 324,145 shares in the company, valued at approximately $8,103,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The disclosure for this sale can be found here. Insiders sold a total of 171,059 shares of company stock valued at $4,244,764 over the last quarter. Company insiders own 1.61% of the compa

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. bought a new position in shares of Callidus Software in the second quarter worth approximately $8,255,000. UBS Asset Management Americas Inc. lifted its stake in Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock worth $16,265,000 after acquiring an additional 57,547 shares during the period. Karp Capital Management Corp purchased a new stake in Callidus Software in the first quarter worth $493,000. American International Group Inc. lifted its stake in Callidus Software by 15.3% in the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock worth $788,000 after acquiring an additional 4,902 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Callidus Software in the first quarter worth $5,421,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

CALD has been the subject of a number of research analyst reports. Jefferies Group LLC initiated coverage on Callidus Software in a research note on Wednesday, July 26th. They issued a “buy” rating and a $29.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a research note on Friday, September 29th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a research note on Wednesday, September 27th. BidaskClub lowered Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 price target on Callidus Software and gave the stock a “buy” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Callidus Software presently has an average rating of “Buy” and an average price target of $26.57.

WARNING: “Callidus Software, Inc. (CALD) Stake Lifted by Ameriprise Financial Inc.” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/callidus-software-inc-cald-stake-lifted-by-ameriprise-financial-inc.html.

Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at 25.55 on Wednesday. The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $23.04. Callidus Software, Inc. has a 52 week low of $15.15 and a 52 week high of $27.35. The stock’s market cap is $1.73 billion.

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

In other Callidus Software news, insider Leslie Stretch sold 104,509 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 324,145 shares in the company, valued at approximately $8,103,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The disclosure for this sale can be found here. Insiders sold a total of 171,059 shares of company stock valued at $4,244,764 over the last quarter. Company insiders own 1.61% of the company’s stock.

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.

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

Receive News & Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply