Callidus Software Inc Stock as Institutional Investors Exit

May 18, 2018 - By Nellie Frank

Callidus Software Inc. (NASDAQ:CALD) Logo

Sentiment for Callidus Software Inc (NASDAQ:CALD)

Callidus Software Inc (NASDAQ:CALD) institutional sentiment decreased to 1.04 in 2017 Q4. Its down -0.05, from 1.09 in 2017Q3. The ratio turned negative, as 70 funds started new and increased equity positions, while 67 trimmed and sold stock positions in Callidus Software Inc. The funds in our partner’s database now own: 60.76 million shares, down from 61.10 million shares in 2017Q3. Also, the number of funds holding Callidus Software Inc in their top 10 equity positions increased from 6 to 7 for an increase of 1. Sold All: 12 Reduced: 55 Increased: 44 New Position: 26.

Callidus Software Inc. provides cloud sales, marketing, learning, and customer experience solutions worldwide. The company has market cap of $2.39 billion. The firm enables its clients 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. It currently has negative earnings. It offers Lead to Money suite and technology solutions, which include sales performance management solutions, such as Commissions, Incentive Compensation Management, Producer Pro, Telco Dealer Pro, MySalesGame , and Badgeville (Gamification); and sales enablement solutions, including Sales Performance Manager, Litmos Learning Management System, Litmos Content, and Litmos Marketplace.

It closed at $36 lastly. It is up 72.84% since May 18, 2017 and is uptrending. It has outperformed by 61.29% the S&P500.

Rgm Capital Llc holds 6.36% of its portfolio in Callidus Software Inc. for 2.39 million shares. First Washington Corp owns 303,140 shares or 4.09% of their US portfolio. Moreover, Kopp Investment Advisors Llc has 3.86% invested in the company for 134,655 shares. The United Kingdom-based Herald Investment Management Ltd has invested 3.23% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 737,068 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $434,979 activity.

Callidus Software Inc. (NASDAQ:CALD) Ratings Coverage

Ratings analysis reveals 30% of Callidus Software’s analysts are positive. Out of 10 Wall Street analysts rating Callidus Software, 3 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $28.0 while the high is $36.0. The stock’s average target of $32.67 is -9.25% below today’s ($36) share price. CALD was included in 12 notes of analysts from November 20, 2017. The stock has “Buy” rating by Piper Jaffray on Thursday, January 25. As per Tuesday, December 5, the company rating was maintained by Roth Capital. The rating was downgraded by Jefferies on Friday, February 9 to “Hold”. Roth Capital downgraded the shares of CALD in report on Tuesday, January 30 to “Hold” rating. As per Tuesday, January 30, the company rating was downgraded by Lake Street. National Securities downgraded it to “Hold” rating and $29.0 target in Tuesday, January 30 report. B. Riley & Co downgraded the stock to “Neutral” rating in Wednesday, January 31 report. The firm earned “Hold” rating on Wednesday, January 31 by Craig Hallum. The stock has “Buy” rating by Piper Jaffray on Sunday, December 3.

Callidus Software Inc. (NASDAQ:CALD) Institutional Positions Chart

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