Venator Capital Management Ltd. Lowers stake in Callidus Software (CALD)

Callidus Software (CALD) : Venator Capital Management Ltd. reduced its stake in Callidus Software by 26.23% during the most recent quarter end. The investment management company now holds a total of 394,645 shares of Callidus Software which is valued at $6,630,036 after selling 140,304 shares in Callidus Software , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Callidus Software makes up approximately 6.28% of Venator Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in CALD in the latest quarter, The investment management firm added 14,640 additional shares and now holds a total of 364,881 shares of Callidus Software which is valued at $6,130,001. Callidus Software makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Marshall Wace Llp boosted its stake in CALD in the latest quarter, The investment management firm added 266,430 additional shares and now holds a total of 549,720 shares of Callidus Software which is valued at $8,877,978. Callidus Software makes up approx 0.06% of Marshall Wace Llp’s portfolio. Tower Research Capital (trc) added CALD to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $355.Summit Securities Group reduced its stake in CALD by selling 3,002 shares or 15.32% in the most recent quarter. The Hedge Fund company now holds 16,589 shares of CALD which is valued at $256,300. Callidus Software makes up approx 0.13% of Summit Securities Group’s portfolio.First Trust Advisors Lp boosted its stake in CALD in the latest quarter, The investment management firm added 31,916 additional shares and now holds a total of 71,993 shares of Callidus Software which is valued at $1,173,486.

Callidus Software opened for trading at $16.7 and hit $16.85 on the upside on Monday, eventually ending the session at $16.7, with a gain of 0.60% or 0.1 points. The heightened volatility saw the trading volume jump to 2,94,922 shares. Company has a market cap of $1,060 M.

On the company’s financial health, Callidus Software reported $0.07 EPS for the quarter, based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus estimate of $0.07. The company had revenue of $52.50 million for the quarter, compared to analysts expectations of $51.89 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Callidus Software. Credit Suisse Resumed Callidus Software on Sep 19, 2016 to “Outperform”, Price Target of the shares are set at $22.Dougherty & Company Downgraded Callidus Software on Sep 19, 2016 to ” Sell”, Price Target of the shares are set at $15.

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate 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 for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

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