Todays Report: Today, 281,426 Shares of Callidus Software Inc. (CALD) are sold by Wells Fargo & Company MN

Today, 281,426 Shares of Callidus Software Inc. (CALD) are sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in Callidus Software Inc. (NASDAQ:CALD) by 23.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 930,120 shares of the company’s stock after selling 281,426 shares during the period. Wells Fargo & Company MN owned 1.63% of Callidus Software worth $17,068,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Janus Capital Management LLC raised its position in Callidus Software by 300.7% in the second quarter. Janus Capital Management LLC now owns 1,755,118 shares of the company’s stock valued at $35,067,000 after buying an additional 1,317,097 shares during the period. Emerald Acquisition Ltd. purchased a new position in Callidus Software during the second quarter valued at $20,063,000. Lord Abbett & CO. LLC raised its position in Callidus Software by 337.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,052,447 shares of the company’s stock valued at $21,028,000 after buying an additional 811,694 shares during the period. FMR LLC raised its position in Callidus Software by 31.8% in the second quarter. FMR LLC now owns 3,110,375 shares of the company’s stock valued at $62,145,000 after buying an additional 750,000 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Callidus Software by 3,339.9% in the second quarter. UBS Asset Management Americas Inc. now owns 694,861 shares of the company’s stock valued at $13,884,000 after buying an additional 674,661 shares during the period. 90.37% of the stock is owned by institutional investors.

Shares of Callidus Software Inc. (NASDAQ:CALD) remained flat at $16.65 during midday trading on Friday. The company’s stock had a trading volume of 89,008 shares. Callidus Software Inc. has a one year low of $11.48 and a one year high of $21.64. The stock’s 50 day moving average is $17.39 and its 200 day moving average is $18.73. The stock’s market cap is $1.06 billion.

CALD has been the subject of several recent research reports. Dougherty & Co lowered shares of Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Monday, September 19th. Zacks Investment Research lowered shares of Callidus Software from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 target price on shares of Callidus Software in a report on Monday, September 19th. Piper Jaffray Cos. reaffirmed an “overweight” rating on shares of Callidus Software in a report on Thursday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $21.00 target price on shares of Callidus Software in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.33.

In other news, insider Leslie Stretch sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $16.77, for a total value of $117,390.00. Following the completion of the sale, the insider now directly owns 449,419 shares of the company’s stock, valued at $7,536,756.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.23% of the stock is owned by insiders.

Callidus Software Company Profile

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