Granite Investment Partners LLC Sells 129,711 Shares of Callidus Software, Inc. (CALD)

Granite Investment Partners LLC lowered its stake in shares of Callidus Software, Inc. (NASDAQ:CALD) by 14.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 756,715 shares of the technology company’s stock after selling 129,711 shares during the period. Callidus Software comprises about 1.2% of Granite Investment Partners LLC’s portfolio, making the stock its 14th largest holding. Granite Investment Partners LLC owned 1.12% of Callidus Software worth $18,653,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of 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 last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 last quarter. Oppenheimer & Co. Inc. raised its stake in shares of 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 last quarter. Ameritas Investment Partners Inc. raised its stake in shares of 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 last quarter. Finally, Legal & General Group Plc raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

In related news, CFO Roxanne Oulman sold 6,200 shares of Callidus Software stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $28.01, for a total value of $173,662.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of Callidus Software stock in a transaction dated 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 owns 300,075 shares in the company, valued at $8,777,193.75. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

A number of equities analysts have weighed in on CALD shares. Jefferies Group LLC lifted their price objective on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Callidus Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research report on Friday, September 29th. Credit Suisse Group raised their target price on Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.00.

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Callidus Software, Inc. (NASDAQ:CALD) traded up $0.30 during trading hours on Monday, hitting $28.95. The stock had a trading volume of 196,700 shares, compared to its average volume of 396,880. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $29.70.

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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