Intrinsic Edge Capital Management LLC boosted its stake in Callidus Software, Inc. (NASDAQ:CALD) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,780 shares of the technology company’s stock after buying an additional 32,505 shares during the quarter. Callidus Software makes up about 2.2% of Intrinsic Edge Capital Management LLC’s holdings, making the stock its 9th biggest position. Intrinsic Edge Capital Management LLC owned approximately 0.44% of Callidus Software worth $7,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Callidus Software in the 1st quarter worth approximately $103,000. JPMorgan Chase & Co. lifted its position in Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after buying an additional 492 shares in the last quarter. US Bancorp DE lifted its position in Callidus Software by 13.3% in the 1st quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock worth $142,000 after buying an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Callidus Software in the 1st quarter worth approximately $146,000. Finally, BNP Paribas Arbitrage SA lifted its position in Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after buying an additional 6,703 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

In other Callidus Software news, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the sale, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Stretch sold 104,509 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the sale, the insider now directly owns 324,145 shares in the company, valued at $8,103,625. The disclosure for this sale can be found here. Insiders have sold 171,059 shares of company stock worth $4,244,764 over the last ninety days. Insiders own 1.61% of the company’s stock.

Callidus Software, Inc. (NASDAQ:CALD) traded down 0.0016% on Thursday, hitting $25.6496. 19,745 shares of the stock were exchanged. The company has a 50 day moving average of $24.74 and a 200 day moving average of $22.87. Callidus Software, Inc. has a one year low of $15.15 and a one year high of $27.35. The stock’s market capitalization is $1.73 billion.

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

A number of equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC assumed coverage on shares of Callidus Software in a research report on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price for the company. BidaskClub downgraded shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 target price on shares of Callidus Software and gave the stock a “buy” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.57.

ILLEGAL ACTIVITY WARNING: “Intrinsic Edge Capital Management LLC Has $7.13 Million Holdings in Callidus Software, Inc. (CALD)” was posted by Marea Informative and is the property of of Marea Informative. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at http://www.mareainformativa.com/intrinsic-edge-capital-management-llc-has-7-13-million-holdings-in-callidus-software-inc-cald/117740/.

Callidus Software 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 & Stock 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 stocks with our FREE daily email newsletter.