Macquarie Group Ltd. Acquires 260,145 Shares of Callidus Software, Inc. (CALD)

Macquarie Group Ltd. grew its holdings in Callidus Software, Inc. (NASDAQ:CALD) by 17.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,735,767 shares of the technology company’s stock after purchasing an additional 260,145 shares during the quarter. Macquarie Group Ltd. owned approximately 2.57% of Callidus Software worth $42,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALD. US Bancorp DE raised its stake in shares of Callidus Software by 13.3% during the 1st quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after acquiring an additional 784 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Callidus Software by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock worth $6,783,000 after acquiring an additional 12,684 shares in the last quarter. Swiss National Bank raised its stake in shares of Callidus Software by 2.2% during the 1st quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock worth $2,233,000 after acquiring an additional 2,300 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Callidus Software by 8.2% during the 1st 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 in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Callidus Software during the 1st quarter worth approximately $493,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

In related news, insider Leslie Stretch sold 104,509 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $25.00, for a total value of $2,612,725.00. Following the sale, the insider now owns 324,145 shares of the company’s stock, valued at $8,103,625. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Roxanne Oulman sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the completion of the sale, the chief financial officer now directly owns 159,201 shares in the company, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,059 shares of company stock worth $4,244,764. 1.61% of the stock is owned by corporate insiders.

Several research analysts recently commented on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $30.00 price objective on shares of Callidus Software in a research note on Friday, September 29th. B. Riley reiterated a “buy” rating and set a $28.00 price objective on shares of Callidus Software in a research note on Wednesday, September 27th. BidaskClub lowered shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the stock a “buy” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Callidus Software currently has an average rating of “Buy” and an average target price of $26.57.

Callidus Software, Inc. (NASDAQ:CALD) opened at 25.85 on Friday. The company’s 50 day moving average is $24.85 and its 200 day moving average is $22.93. The company’s market cap is $1.75 billion. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $27.35.

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). The firm had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Equities research analysts forecast that Callidus Software, Inc. will post $0.33 EPS for the current year.

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

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