Short Interest Coverage: What’s Callidus Software Incorporated (NASDAQ:CALD) Upside After This Short Interest Increase?

November 28, 2016 - By Vivian Park   ·   0 Comments

Short Interest Coverage: What's Callidus Software Incorporated (NASDAQ:CALD) Upside After This Short Interest Increase?

The stock of Callidus Software Incorporated (NASDAQ:CALD) registered an increase of 7.01% in short interest. CALD’s total short interest was 2.12 million shares in November as published by FINRA. Its up 7.01% from 1.99 million shares, reported previously. With 410,300 shares average volume, it will take short sellers 5 days to cover their CALD’s short positions. The short interest to Callidus Software Incorporated’s float is 3.8%. About 116,219 shares traded hands. Callidus Software Inc. (NASDAQ:CALD) has declined 8.11% since April 25, 2016 and is downtrending. It has underperformed by 14.13% the S&P500.

Callidus Software Inc. is a well-known provider of cloud sales, marketing, learning and customer experience solutions. The company has a market cap of $1.04 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.

Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.36, from 0.96 in 2016Q1. The ratio is positive, as 22 funds sold all Callidus Software Inc. shares owned while 56 reduced positions. 19 funds bought stakes while 56 increased positions. They now own 52.21 million shares or 4.01% less from 54.39 million shares in 2016Q1.
Palisade Cap Management Lc Nj holds 0.04% or 61,500 shares in its portfolio. First Manhattan last reported 0% of its portfolio in the stock. Sei Co, a Pennsylvania-based fund reported 23,506 shares. Osterweis Cap has 0.12% invested in the company for 94,900 shares. Bnp Paribas Arbitrage holds 0% or 2,747 shares in its portfolio. Tiverton Asset Mngmt Lc holds 516,267 shares or 0.51% of its portfolio. Da Davidson & last reported 17,060 shares in the company. Cadence Cap Mngmt Ltd reported 46,433 shares or 0.07% of all its holdings. The California-based California Employees Retirement Systems has invested 0% in Callidus Software Inc. (NASDAQ:CALD). Diam Ltd has invested 0.02% of its portfolio in Callidus Software Inc. (NASDAQ:CALD). Pier Cap Limited Liability Co last reported 335,381 shares in the company. Moreover, Tower Research Cap Ltd Limited Liability Company (Trc) has 0% invested in Callidus Software Inc. (NASDAQ:CALD) for 23 shares. State Street has 0% invested in the company for 941,149 shares. Piper Jaffray And last reported 1,000 shares in the company. Prudential Fincl owns 19,234 shares or 0% of their US portfolio.

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 9 sales for $2.43 million net activity. 7,000 shares were sold by Stretch Leslie, worth $138,460 on Monday, August 15. KLAUSMEYER KEVIN sold 12,812 shares worth $255,343. BOESENBERG CHARLES sold $349,336 worth of stock or 17,670 shares. The insider COREY BOB L sold 13,115 shares worth $254,510. Shares for $230,516 were sold by Culhane Mark. 10,000 shares with value of $163,800 were sold by Duan Jimmy C. on Friday, November 11.

Callidus Software Inc. (NASDAQ:CALD) Ratings Coverage

Out of 7 analysts covering Callidus Software (NASDAQ:CALD), 6 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 86% are positive. Callidus Software has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Piper Jaffray given on Friday, April 1. Piper Jaffray initiated Callidus Software Inc. (NASDAQ:CALD) rating on Wednesday, August 26. Piper Jaffray has “Overweight” rating and $21.0 price target. Dougherty & Company downgraded the shares of CALD in a report on Monday, September 19 to “Sell” rating. The firm earned “Outperform” rating on Friday, November 6 by Northland Capital. Dougherty & Company initiated the shares of CALD in a report on Wednesday, December 2 with “Buy” rating. The stock of Callidus Software Inc. (NASDAQ:CALD) earned “Outperform” rating by Credit Suisse on Monday, September 19. The stock of Callidus Software Inc. (NASDAQ:CALD) earned “Outperform” rating by Northland Capital on Friday, July 31.

CALD Company Profile

Callidus Software Inc. (Callidus), incorporated on September 6, 1996, is a well-known provider of cloud sales, marketing, learning and customer experience solutions. 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. Lead to Money is a process designed to help companies respond to the changing role of sales and marketing in the redefined buying cycle. The Company’s Lead to Money suite and technology solutions include Lead, Planning, Enablement, Quotes and Proposals, Contracts, Incentives, Customer Experience and Technology.

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By Vivian Park


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