Nationwide Fund Advisors Buys 103,450 Shares of Callidus Software Inc. (NASDAQ:CALD)

Nationwide Fund Advisors boosted its holdings in Callidus Software Inc. (NASDAQ:CALD) by 53.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,966 shares of the technology company’s stock after purchasing an additional 103,450 shares during the quarter. Nationwide Fund Advisors owned approximately 0.44% of Callidus Software worth $7,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its holdings in Callidus Software by 3.5% during the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after buying an additional 236 shares during the period. JPMorgan Chase & Co. raised its holdings in Callidus Software by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after buying an additional 492 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Callidus Software by 5.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,274 shares of the technology company’s stock valued at $249,000 after buying an additional 533 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Callidus Software by 17.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock valued at $137,000 after buying an additional 858 shares during the period. Finally, Legal & General Group Plc raised its holdings in Callidus Software by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 15,496 shares of the technology company’s stock valued at $373,000 after buying an additional 914 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

A number of analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $28.00 price objective on shares of Callidus Software in a research report on Wednesday, September 27th. BidaskClub downgraded Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Dougherty & Co reaffirmed a “buy” rating and set a $35.00 price objective on shares of Callidus Software in a research report on Tuesday, December 19th. Oppenheimer reaffirmed a “buy” rating and set a $30.00 price objective on shares of Callidus Software in a research report on Monday, September 18th. Finally, First Analysis started coverage on Callidus Software in a report on Friday, November 17th. They issued an “equal weight” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.20.

Shares of Callidus Software Inc. (NASDAQ:CALD) traded down $0.15 during trading hours on Tuesday, hitting $28.50. The stock had a trading volume of 394,914 shares, compared to its average volume of 339,300. Callidus Software Inc. has a 1 year low of $16.10 and a 1 year high of $30.60. The stock has a market capitalization of $1,951.49, a PE ratio of -79.16 and a beta of 0.85.

In other news, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total value of $173,662.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the sale, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by company insiders.

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About Callidus Software

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)

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