What Will Happen to Callidus Software Incorporated (NASDAQ:CALD) Next? The Stock Has Decline in Shorts

September 17, 2017 - By Clifton Ray

 What Will Happen to Callidus Software Incorporated (NASDAQ:CALD) Next? The Stock Has Decline in Shorts

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.33, from 1.32 in 2016Q3. It dived, 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.
Susquehanna Group Incorporated Llp has 102,378 shares. Alyeska Grp Ltd Partnership invested in 0.07% or 475,000 shares. 224,049 were reported by Blackrock Management Limited. Loomis Sayles & Limited Partnership invested in 1.35 million shares. Envestnet Asset Mgmt reported 14,756 shares stake. Schwab Charles Investment Mngmt accumulated 238,449 shares or 0% of the stock. Stonebridge Capital Mgmt Inc accumulated 0.08% or 11,330 shares. Credit Suisse Ag holds 106,936 shares. Citigroup Incorporated accumulated 0% or 54,538 shares. Financial Bank Of New York Mellon holds 0% or 305,013 shares in its portfolio. Venator Ltd holds 6.62% or 435,545 shares in its portfolio. Metropolitan Life Insur New York has 42,240 shares for 0.01% of their portfolio. Moreover, Alliancebernstein L P has 0% invested in Callidus Software Inc. (NASDAQ:CALD) for 78,300 shares. Sei Invs Communication holds 0% in Callidus Software Inc. (NASDAQ:CALD) or 9,715 shares. Aqr Cap Mgmt Ltd Limited Liability Company invested 0% of its portfolio in Callidus Software Inc. (NASDAQ:CALD).

Since May 8, 2017, it had 0 insider buys, and 2 selling transactions for $1.49 million activity. Another trade for 15,000 shares valued at $319,350 was made by Duan Jimmy C. on Monday, May 8. Shares for $1.17M were sold by Stretch Leslie on Tuesday, May 30.

The stock of Callidus Software Incorporated (NASDAQ:CALD) registered a decrease of 5.25% in short interest. CALD’s total short interest was 2.12M 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. Roth Capital maintained it with “Buy” rating and $3200 target in Tuesday, June 6 report. Northland Capital maintained Callidus Software Inc. (NASDAQ:CALD) rating on Friday, November 6. Northland Capital has “Outperform” rating and $25 target. The stock of Callidus Software Inc. (NASDAQ:CALD) earned “Buy” rating by Roth Capital on Thursday, June 22. The firm earned “Outperform” rating on Friday, July 31 by Northland Capital. On Wednesday, December 2 the stock rating was initiated by Dougherty & Company with “Buy”. Oppenheimer maintained it with “Buy” rating and $3000 target in Friday, August 4 report. The firm has “Sell” rating given on Monday, September 19 by Dougherty & Company. 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 “Buy” rating on Wednesday, February 8 by Lake Street. Oppenheimer maintained Callidus Software Inc. (NASDAQ:CALD) on Friday, June 30 with “Buy” rating.

More notable recent Callidus Software Inc. (NASDAQ:CALD) news were published by: Seekingalpha.com which released: “Callidus Software Acquires Learning Heroes For E-Learning Tech” on June 05, 2017, also Seekingalpha.com with their article: “Callidus Software Acquires RevSym For Lead To Money Tech” published on May 25, 2017, Seekingalpha.com published: “Callidus Software’s (CALD) CEO Leslie Stretch on Q1 2017 Results – Earnings …” on May 05, 2017. More interesting news about Callidus Software Inc. (NASDAQ:CALD) were released by: Globenewswire.com and their article: “Intangent and CallidusCloud Announce Partnership to Maximize Lead to Money …” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Callidus Software’s (CALD) CEO Leslie Stretch on Q2 2017 Results – Earnings …” with publication date: August 04, 2017.

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