Piper Jaffray buys $100,951 stake in Callidus Software (CALD)

Callidus Software (CALD) : Piper Jaffray scooped up 5,009 additional shares in Callidus Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,009 shares of Callidus Software which is valued at $100,951.Callidus Software makes up approximately 4.04% of Piper Jaffray’s portfolio.

Other Hedge Funds, Including , Carleon Capital Partners reduced its stake in CALD by selling 10,150 shares or 24.59% in the most recent quarter. The Hedge Fund company now holds 31,125 shares of CALD which is valued at $502,669. Callidus Software makes up approx 0.21% of Carleon Capital Partners’s portfolio.Geode Capital Management boosted its stake in CALD in the latest quarter, The investment management firm added 27,783 additional shares and now holds a total of 424,719 shares of Callidus Software which is valued at $6,859,212. Pax World Management added CALD to its portfolio by purchasing 28,263 company shares during the most recent quarter which is valued at $460,687. Callidus Software makes up approx 0.03% of Pax World Management’s portfolio.Gw&k Investment Management boosted its stake in CALD in the latest quarter, The investment management firm added 71,429 additional shares and now holds a total of 1,431,327 shares of Callidus Software which is valued at $26,193,284. Callidus Software makes up approx 0.51% of Gw&k Investment Management’s portfolio.

Callidus Software opened for trading at $16.7 and hit $16.85 on the upside on Monday, eventually ending the session at $16.7, with a gain of 0.60% or 0.1 points. The heightened volatility saw the trading volume jump to 2,94,922 shares. Company has a market cap of $1,060 M.

On the company’s financial health, Callidus Software reported $0.07 EPS for the quarter, based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus estimate of $0.07. The company had revenue of $52.50 million for the quarter, compared to analysts expectations of $51.89 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Callidus Software. Credit Suisse Resumed Callidus Software on Sep 19, 2016 to “Outperform”, Price Target of the shares are set at $22.Dougherty & Company Downgraded Callidus Software on Sep 19, 2016 to ” Sell”, Price Target of the shares are set at $15.

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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