Lyon Street Capital LLC trimmed its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,015 shares of the technology company’s stock after selling 42,741 shares during the period. Callidus Software makes up 1.6% of Lyon Street Capital LLC’s investment portfolio, making the stock its 24th largest holding. Lyon Street Capital LLC owned about 0.25% of Callidus Software worth $4,871,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. First Mercantile Trust Co. boosted its holdings in shares of Callidus Software by 10.1% during the 4th quarter. First Mercantile Trust Co. now owns 19,407 shares of the technology company’s stock worth $556,000 after buying an additional 1,774 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Callidus Software by 49.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after buying an additional 2,309 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Callidus Software by 4.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 51,517 shares of the technology company’s stock worth $1,475,000 after buying an additional 2,362 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Callidus Software by 5.5% during the 4th quarter. American International Group Inc. now owns 45,617 shares of the technology company’s stock worth $1,307,000 after buying an additional 2,377 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Callidus Software by 0.8% during the 3rd quarter. American Century Companies Inc. now owns 343,978 shares of the technology company’s stock worth $8,479,000 after buying an additional 2,850 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Callidus Software stock opened at $35.92 on Monday. Callidus Software Inc. has a twelve month low of $19.25 and a twelve month high of $36.25. The stock has a market capitalization of $2,387.59, a price-to-earnings ratio of -115.87 and a beta of 1.14.
Callidus Software (NASDAQ:CALD) last issued its earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Callidus Software had a negative return on equity of 4.16% and a negative net margin of 8.01%. The company had revenue of $69.51 million for the quarter, compared to analysts’ expectations of $65.54 million. equities analysts expect that Callidus Software Inc. will post -0.03 EPS for the current year.
In related news, insider Leslie Stretch sold 15,354 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $28.33, for a total value of $434,978.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.61% of the stock is owned by company insiders.
CALD has been the topic of a number of research analyst reports. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and set a $33.00 price target on shares of Callidus Software in a report on Monday, December 4th. 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 report on Friday, February 9th. Zacks Investment Research cut Callidus Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Lake Street Capital cut Callidus Software from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Tuesday, January 30th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.91.
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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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