Elkfork Partners LLC bought a new position in shares of Callidus Software Inc. (NASDAQ:CALD) during the fourth quarter, Holdings Channel reports. The fund bought 5,656 shares of the technology company’s stock, valued at approximately $162,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Callidus Software by 49.5% during the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after purchasing an additional 2,309 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Callidus Software during the third quarter worth about $204,000. Allianz Asset Management GmbH acquired a new stake in shares of Callidus Software during the fourth quarter worth about $295,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Callidus Software during the fourth quarter worth about $372,000. Finally, Two Sigma Advisers LP increased its position in shares of Callidus Software by 82.5% during the fourth quarter. Two Sigma Advisers LP now owns 18,800 shares of the technology company’s stock worth $539,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
A number of analysts have recently commented on the company. BidaskClub cut Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Dougherty & Co cut Callidus Software from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Jefferies Group cut Callidus Software from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research report on Friday, February 9th. Lake Street Capital cut Callidus Software from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Tuesday, January 30th. Finally, B. Riley cut Callidus Software from a “buy” rating to a “neutral” rating and boosted their price target for the company 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.91.
Shares of CALD stock opened at $36.00 on Friday. The stock has a market capitalization of $2,392.57, a P/E ratio of -189.47 and a beta of 1.15. Callidus Software Inc. has a 52-week low of $19.25 and a 52-week high of $36.25.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $69.51 million for the quarter, compared to analysts’ expectations of $65.54 million. Callidus Software had a negative return on equity of 4.16% and a negative net margin of 8.01%. equities analysts expect that Callidus Software Inc. will post -0.03 earnings per share for the current fiscal year.
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Callidus Software 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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