Pacific Grove Capital Lp buys $6,877,500 stake in Callidus Software (CALD)

Callidus Software (CALD) : Pacific Grove Capital Lp scooped up 15,000 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 350,000 shares of Callidus Software which is valued at $6,877,500.Callidus Software makes up approximately 3.11% of Pacific Grove Capital Lp’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in CALD in the latest quarter, The investment management firm added 382 additional shares and now holds a total of 37,012 shares of Callidus Software which is valued at $727,286. Cupps Capital Management sold out all of its stake in CALD during the most recent quarter. The investment firm sold 72,848 shares of CALD which is valued $1,431,463. Group One Trading added CALD to its portfolio by purchasing 3,152 company shares during the most recent quarter which is valued at $61,937. Callidus Software makes up approx 0.01% of Group One Trading’s portfolio.Marshall Wace Llp boosted its stake in CALD in the latest quarter, The investment management firm added 183,542 additional shares and now holds a total of 283,290 shares of Callidus Software which is valued at $5,566,649. Callidus Software makes up approx 0.05% of Marshall Wace Llp’s portfolio.

Callidus Software opened for trading at $19.99 and hit $20.22 on the upside on Wednesday, eventually ending the session at $20.09, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 162,486 shares. Company has a market cap of $1,148 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 Aug 2, 2016. Analyst had a consensus of $0.05. The company had revenue of $49.80 million for the quarter, compared to analysts expectations of $50.32 million. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Callidus Software. Callidus Software was Downgraded by Dougherty & Company to ” Neutral” on Aug 3, 2016.

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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