Portolan Capital Management buys $23.1 Million stake in Callidus Software (CALD)

Callidus Software (CALD) : Portolan Capital Management scooped up 29,941 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,345,802 shares of Callidus Software which is valued at $23.1 Million.Callidus Software makes up approximately 3.17% of Portolan Capital Management’s portfolio.

Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in CALD during the most recent quarter. The investment firm sold 8,934 shares of CALD which is valued $153,218.Mufg Americas Holdings Corp boosted its stake in CALD in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 692 shares of Callidus Software which is valued at $11,868.New York State Common Retirement Fund boosted its stake in CALD in the latest quarter, The investment management firm added 35,708 additional shares and now holds a total of 390,377 shares of Callidus Software which is valued at $6.6 Million. Callidus Software makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Nisa Investment Advisors L.l.c. added CALD to its portfolio by purchasing 1,300 company shares during the most recent quarter which is valued at $23,790.

Callidus Software closed down -0.18 points or -1.01% at $17.68 with 2,16,600 shares getting traded on Wednesday. Post opening the session at $17.91, the shares hit an intraday low of $17.55 and an intraday high of $17.9699 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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