What’s in Callidus Software Incorporated (NASDAQ:CALD) After Decline in Shorted Shares?

September 17, 2017 - By Richard Conner

 What’s in Callidus Software Incorporated (NASDAQ:CALD) After Decline in Shorted Shares?

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.33, from 1.32 in 2016Q3. It worsened, as 28 investors sold Callidus Software Inc. shares while 45 reduced holdings. 14 funds opened positions while 58 raised stakes. 61.21 million shares or 3.56% more from 59.11 million shares in 2016Q3 were reported.
Diker Mgmt Ltd Limited Liability Company, New York-based fund reported 69,000 shares. Renaissance Technology Lc has 0.03% invested in Callidus Software Inc. (NASDAQ:CALD) for 1.29 million shares. Ny State Common Retirement Fund invested in 467,508 shares or 0.01% of the stock. Kennedy Cap Management Incorporated reported 0.27% in Callidus Software Inc. (NASDAQ:CALD). Public Employees Retirement Association Of Colorado reported 534,200 shares or 0.07% of all its holdings. State Board Of Administration Of Florida Retirement accumulated 22,567 shares. Moreover, Susquehanna Group Inc Limited Liability Partnership has 0% invested in Callidus Software Inc. (NASDAQ:CALD). Citadel Advsr Ltd Com has 54,113 shares for 0% of their portfolio. Great West Life Assurance Can reported 0% stake. Rhumbline Advisers accumulated 66,012 shares or 0% of the stock. Da Davidson & Co reported 17,360 shares. California-based Schwab Charles Mgmt Inc has invested 0% in Callidus Software Inc. (NASDAQ:CALD). Legal General Public Ltd Com accumulated 14,862 shares. Franklin holds 2.65 million shares or 0.02% of its portfolio. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Callidus Software Inc. (NASDAQ:CALD).

Since May 8, 2017, it had 0 buys, and 2 selling transactions for $1.49 million activity. On Monday, May 8 Duan Jimmy C. sold $319,350 worth of Callidus Software Inc. (NASDAQ:CALD) or 15,000 shares.

The stock of Callidus Software Incorporated (NASDAQ:CALD) registered a decrease of 5.25% in short interest. CALD’s total short interest was 2.12 million shares in September as published by FINRA. Its down 5.25% from 2.24 million shares, reported previously. With 303,500 shares average volume, it will take short sellers 7 days to cover their CALD’s short positions. The short interest to Callidus Software Incorporated’s float is 3.41%.

The stock increased 0.59% or $0.15 on September 15, reaching $25.5. About 664,667 shares traded or 105.73% up from the average. Callidus Software Inc. (NASDAQ:CALD) has risen 22.29% since September 17, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Callidus Software Inc. is a well-known provider of cloud sales, marketing, learning and customer experience solutions. The company has market cap of $1.71 billion. The Company’s CallidusCloud enables its clients 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. It currently has negative earnings. Lead to Money is a process designed to help companies respond to the changing role of sales and marketing in the redefined buying cycle.

Callidus Software Inc. (NASDAQ:CALD) Ratings Coverage

Among 10 analysts covering Callidus Software (NASDAQ:CALD), 9 have Buy rating, 1 Sell and 0 Hold. Therefore 90% are positive. Callidus Software had 20 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Roth Capital with “Buy” on Tuesday, June 6. Piper Jaffray initiated Callidus Software Inc. (NASDAQ:CALD) rating on Wednesday, August 26. Piper Jaffray has “Overweight” rating and $21.0 target. The firm earned “Outperform” rating on Monday, September 19 by Credit Suisse. The rating was maintained by Lake Street on Wednesday, February 8 with “Buy”. The rating was maintained by Oppenheimer with “Buy” on Friday, August 4. Piper Jaffray reinitiated the shares of CALD in report on Friday, April 1 with “Overweight” rating. The stock of Callidus Software Inc. (NASDAQ:CALD) has “Outperform” rating given on Friday, July 31 by Northland Capital. On Monday, September 19 the stock rating was downgraded by Dougherty & Company to “Sell”. The stock of Callidus Software Inc. (NASDAQ:CALD) has “Buy” rating given on Friday, August 4 by Piper Jaffray. Roth Capital maintained Callidus Software Inc. (NASDAQ:CALD) rating on Thursday, June 22. Roth Capital has “Buy” rating and $3300 target.

More notable recent Callidus Software Inc. (NASDAQ:CALD) news were published by: Streetinsider.com which released: “Callidus Software, Inc. (CALD) Acquires RevSym” on May 24, 2017, also Globenewswire.com with their article: “Intangent and CallidusCloud Announce Partnership to Maximize Lead to Money …” published on September 13, 2017, Seekingalpha.com published: “Callidus Software Acquires RevSym For Lead To Money Tech” on May 25, 2017. More interesting news about Callidus Software Inc. (NASDAQ:CALD) were released by: Seekingalpha.com and their article: “Callidus Software’s (CALD) CEO Leslie Stretch on Q1 2017 Results – Earnings …” published on May 05, 2017 as well as Seekingalpha.com‘s news article titled: “Callidus Software Acquires Learning Heroes For E-Learning Tech” with publication date: June 05, 2017.

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