Falcon Point Capital buys $13,874,358 stake in Callidus Software (CALD)

Callidus Software (CALD) : Falcon Point Capital scooped up 254,036 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 821,454 shares of Callidus Software which is valued at $13,874,358.Callidus Software makes up approximately 2.44% of Falcon Point Capital’s portfolio.

Callidus Software opened for trading at $17.74 and hit $17.81 on the upside on Wednesday, eventually ending the session at $17.81, with a gain of 2.53% or 0.44 points. The heightened volatility saw the trading volume jump to 7,37,525 shares. Company has a market cap of $1,002 M.

Other Hedge Funds, Including , Simplex Trading boosted its stake in CALD in the latest quarter, The investment management firm added 43,064 additional shares and now holds a total of 43,506 shares of Callidus Software which is valued at $734,816. Callidus Software makes up approx 0.12% of Simplex Trading’s portfolio.Independent Portfolio Consultants boosted its stake in CALD in the latest quarter, The investment management firm added 3,380 additional shares and now holds a total of 12,120 shares of Callidus Software which is valued at $204,707. Callidus Software makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Stonebridge Capital Management Inc boosted its stake in CALD in the latest quarter, The investment management firm added 16,390 additional shares and now holds a total of 44,025 shares of Callidus Software which is valued at $743,582. Callidus Software makes up approx 0.31% of Stonebridge Capital Management Inc’s portfolio. Creative Planning sold out all of its stake in CALD during the most recent quarter. The investment firm sold 2,000 shares of CALD which is valued $32,960.

On the company’s financial health, Callidus Software reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.07. The company had revenue of $46.80 million for the quarter, compared to analysts expectations of $46.60 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate 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 for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

Leave a Reply

Callidus Software - Is it time to Sell?

Top Brokerage Firms are advising their investors on Callidus Software. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.