Callidus Software, Inc. (NASDAQ:CALD) Position Decreased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC decreased its position in shares of Callidus Software, Inc. (NASDAQ:CALD) by 5.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 190,025 shares of the technology company’s stock after selling 11,322 shares during the period. TIAA CREF Investment Management LLC owned 0.30% of Callidus Software worth $4,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank boosted its position in shares of Callidus Software by 2.2% in the first quarter. Swiss National Bank now owns 104,600 shares of the technology company’s stock worth $2,233,000 after buying an additional 2,300 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Callidus Software by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock worth $6,783,000 after buying an additional 12,684 shares during the last quarter. US Bancorp DE boosted its position in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Callidus Software by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 169,468 shares of the technology company’s stock worth $3,618,000 after buying an additional 105,056 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Callidus Software by 8.6% in the first quarter. Russell Investments Group Ltd. now owns 1,008,300 shares of the technology company’s stock worth $21,527,000 after buying an additional 80,145 shares during the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Shares of Callidus Software, Inc. (NASDAQ:CALD) traded up 1.27% during mid-day trading on Friday, reaching $23.85. The company had a trading volume of 262,262 shares. Callidus Software, Inc. has a 1-year low of $15.15 and a 1-year high of $25.90. The firm has a 50-day moving average price of $23.94 and a 200-day moving average price of $21.70. The stock’s market capitalization is $1.61 billion.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.13. The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Equities analysts expect that Callidus Software, Inc. will post $0.33 earnings per share for the current year.

WARNING: “Callidus Software, Inc. (NASDAQ:CALD) Position Decreased by TIAA CREF Investment Management LLC” was posted by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/19/callidus-software-inc-nasdaqcald-shares-sold-by-tiaa-cref-investment-management-llc-updated-updated-updated.html.

A number of research analysts have commented on the stock. Piper Jaffray Companies set a $27.00 price target on shares of Callidus Software and gave the company a “buy” rating in a research report on Saturday, August 5th. B. Riley restated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a report on Wednesday, August 9th. Jefferies Group LLC initiated coverage on shares of Callidus Software in a report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price on the stock. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.13.

In other Callidus Software news, insider Leslie Stretch sold 50,717 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $23.12, for a total value of $1,172,577.04. Following the transaction, the insider now owns 496,128 shares of the company’s stock, valued at approximately $11,470,479.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $23.89, for a total value of $131,395.00. Following the completion of the sale, the chief financial officer now owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The disclosure for this sale can be found here. Insiders sold a total of 221,776 shares of company stock worth $5,417,341 in the last ninety days. 1.61% of the stock is currently owned by corporate insiders.

Callidus Software Company Profile

Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage 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, among others.

Institutional Ownership by Quarter for Callidus Software (NASDAQ:CALD)

Receive News & Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply