Coe Capital Management buys $7.5 Million stake in Callidus Software (CALD)

Callidus Software (CALD) : Coe Capital Management scooped up 176,692 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 439,981 shares of Callidus Software which is valued at $7.5 Million.Callidus Software makes up approximately 2.42% of Coe Capital Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in CALD by selling 15,830 shares or 43.94% in the most recent quarter. The Hedge Fund company now holds 20,200 shares of CALD which is valued at $346,430. Ftb Advisors added CALD to its portfolio by purchasing 430 company shares during the most recent quarter which is valued at $7,375. Bluecrest Capital Management Ltd added CALD to its portfolio by purchasing 13,770 company shares during the most recent quarter which is valued at $232,575. Callidus Software makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio.American Century Companies Inc boosted its stake in CALD in the latest quarter, The investment management firm added 122,545 additional shares and now holds a total of 537,328 shares of Callidus Software which is valued at $9.1 Million. Callidus Software makes up approx 0.01% of American Century Companies Inc’s portfolio. Stoneridge Investment Partners added CALD to its portfolio by purchasing 47,232 company shares during the most recent quarter which is valued at $864,346. Callidus Software makes up approx 0.13% of Stoneridge Investment Partners’s portfolio.

Callidus Software opened for trading at $17.21 and hit $17.54 on the upside on Friday, eventually ending the session at $17.46, with a gain of 2.17% or 0.37 points. The heightened volatility saw the trading volume jump to 1,90,867 shares. Company has a market cap of $991,728 M.

On the company’s financial health, Callidus Software reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.05. The company had revenue of $48.38 million for the quarter, compared to analysts expectations of $48.30 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Callidus Software. Shares were Reiterated by Dougherty & Company on May 4, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $26 .

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.

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