What’s Next for Callidus Software Incorporated (NASDAQ:CALD) After Having Less Shares Shorted?

September 17, 2017 - By Winifred Garcia

 What's Next for Callidus Software Incorporated (NASDAQ:CALD) After Having Less Shares Shorted?

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.33, from 1.32 in 2016Q3. It worsened, as 28 investors sold Callidus Software Inc. shares while 45 reduced holdings. 14 funds opened positions while 58 raised stakes. 61.21 million shares or 3.56% more from 59.11 million shares in 2016Q3 were reported.
California State Teachers Retirement has 125,739 shares for 0% of their portfolio. Jpmorgan Chase And Co stated it has 23,585 shares. Price T Rowe Incorporated Md holds 0.01% in Callidus Software Inc. (NASDAQ:CALD) or 1.95 million shares. Northern Trust Corp holds 0% or 872,445 shares. Swiss Bancorporation accumulated 0% or 102,300 shares. The California-based Doheny Asset Ca has invested 0.42% in Callidus Software Inc. (NASDAQ:CALD). 239,086 are held by Allianz Asset Ag. Marshall Wace Llp reported 513,015 shares or 0.06% of all its holdings. Royal State Bank Of Canada accumulated 7,367 shares. Art Limited Liability Corp stated it has 40,600 shares. 126,000 are held by Svcs Automobile Association. Frontier Management Co Ltd Com reported 963,685 shares. Granahan Inv Management Inc Ma accumulated 757,923 shares. Parametric Assocs Ltd Liability stated it has 385,677 shares. Rgm Limited Liability Corporation invested in 4.99% or 2.73 million shares.

Since May 8, 2017, it had 0 insider buys, and 2 sales for $1.49 million activity. Shares for $319,350 were sold by Duan Jimmy C. on Monday, May 8.

The stock of Callidus Software Incorporated (NASDAQ:CALD) registered a decrease of 5.25% in short interest. CALD’s total short interest was 2.12 million shares in September as published by FINRA. Its down 5.25% from 2.24M shares, reported previously. With 303,500 shares average volume, it will take short sellers 7 days to cover their CALD’s short positions. The short interest to Callidus Software Incorporated’s float is 3.41%.

The stock increased 0.59% or $0.15 on September 15, reaching $25.5. About 664,667 shares traded or 105.73% up from the average. Callidus Software Inc. (NASDAQ:CALD) has risen 22.29% since September 17, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Callidus Software Inc. is a well-known provider of cloud sales, marketing, learning and customer experience solutions. The company has market cap of $1.71 billion. The Company’s CallidusCloud enables its clients 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. It currently has negative earnings. Lead to Money is a process designed to help companies respond to the changing role of sales and marketing in the redefined buying cycle.

Callidus Software Inc. (NASDAQ:CALD) Ratings Coverage

Among 10 analysts covering Callidus Software (NASDAQ:CALD), 9 have Buy rating, 1 Sell and 0 Hold. Therefore 90% are positive. Callidus Software had 20 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 6 by Roth Capital. The stock of Callidus Software Inc. (NASDAQ:CALD) has “Sell” rating given on Monday, September 19 by Dougherty & Company. Oppenheimer maintained the stock with “Buy” rating in Friday, June 30 report. The rating was maintained by Northland Capital with “Outperform” on Friday, July 31. As per Wednesday, December 2, the company rating was initiated by Dougherty & Company. The firm has “Buy” rating by Piper Jaffray given on Friday, August 4. The rating was reinitiated by Piper Jaffray with “Overweight” on Friday, April 1. Roth Capital maintained it with “Buy” rating and $3300 target in Thursday, June 22 report. Piper Jaffray maintained Callidus Software Inc. (NASDAQ:CALD) rating on Wednesday, July 19. Piper Jaffray has “Buy” rating and $2600 target. As per Friday, August 4, the company rating was maintained by Oppenheimer.

More notable recent Callidus Software Inc. (NASDAQ:CALD) news were published by: Globenewswire.com which released: “Intangent and CallidusCloud Announce Partnership to Maximize Lead to Money …” on September 13, 2017, also Seekingalpha.com with their article: “Callidus Software Acquires RevSym For Lead To Money Tech” published on May 25, 2017, Seekingalpha.com published: “Callidus Software’s (CALD) CEO Leslie Stretch on Q2 2017 Results – Earnings …” on August 04, 2017. More interesting news about Callidus Software Inc. (NASDAQ:CALD) were released by: Seekingalpha.com and their article: “Callidus Software Acquires Learning Heroes For E-Learning Tech” published on June 05, 2017 as well as Streetinsider.com‘s news article titled: “Callidus Software, Inc. (CALD) Acquires RevSym” with publication date: May 24, 2017.

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