Could Callidus Software Inc. (CALD) Recover After Forming a Double Top Chart Pattern?

September 17, 2017 - By Maria Brooks

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.33, from 1.32 in 2016Q3. It fall, as 28 investors sold Callidus Software Inc. shares while 45 reduced holdings. 14 funds opened positions while 58 raised stakes. 61.21 million shares or 3.56% more from 59.11 million shares in 2016Q3 were reported.
Comerica State Bank owns 71,556 shares or 0.01% of their US portfolio. S Squared Limited Liability Company owns 28,200 shares. Legal General Gp Public Ltd Liability Co stated it has 14,862 shares. Goldman Sachs Gru accumulated 66,983 shares. Deutsche Bankshares Ag has 36,089 shares. Aperio Lc invested in 0% or 11,843 shares. Public Employees Retirement Association Of Colorado holds 0.07% or 534,200 shares in its portfolio. Walleye Trading Ltd holds 0% or 148 shares in its portfolio. Blair William And Il invested in 83,589 shares or 0.01% of the stock. Assetmark accumulated 1,252 shares. Suffolk Cap Management Llc has invested 0.2% in Callidus Software Inc. (NASDAQ:CALD). Pennsylvania-based Penn Cap Mngmt Incorporated has invested 0.56% in Callidus Software Inc. (NASDAQ:CALD). Renaissance Lc holds 0.03% in Callidus Software Inc. (NASDAQ:CALD) or 1.29 million shares. Arrowpoint Asset Mgmt Ltd Llc holds 0.18% or 669,189 shares. The New York-based D E Shaw Comm has invested 0% in Callidus Software Inc. (NASDAQ:CALD).

Since May 8, 2017, it had 0 buys, and 2 insider sales for $1.49 million activity. Duan Jimmy C. had sold 15,000 shares worth $319,350.

The chart of Callidus Software Inc. (CALD) shows a double top with $26.52 target or 4.00 % above today’s $25.50 share price. The 7 months chart pattern indicates low risk for the $1.71B company. It was reported on Sep, 17 by Finviz.com. If the $26.52 price target is reached, the company will be worth $68.40 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.59% or $0.15 on September 15, reaching $25.5. About 664,667 shares traded or 105.73% up from the average. Callidus Software Inc. (NASDAQ:CALD) has risen 22.29% since September 17, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Investors wait Callidus Software Inc. (NASDAQ:CALD) to report on November, 7. its quarterly earnings Wall Street analysts expect $-0.05 EPS, down $0.01 or 25.00 % from last year’s $-0.04 same quarter earnings. Callidus Software Inc.’s Wall Street analysts see -28.57 % EPS growth, taking into account the $-0.07 EPS reproted in the previous quarter,

Callidus Software Inc. (NASDAQ:CALD) Ratings Coverage

Among 10 analysts covering Callidus Software (NASDAQ:CALD), 9 have Buy rating, 1 Sell and 0 Hold. Therefore 90% are positive. Callidus Software had 20 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, July 31, the company rating was maintained by Northland Capital. The stock has “Buy” rating by Oppenheimer on Friday, August 4. The stock of Callidus Software Inc. (NASDAQ:CALD) has “Buy” rating given on Wednesday, December 2 by Dougherty & Company. The company was maintained on Friday, November 6 by Northland Capital. The company was reinitiated on Friday, April 1 by Piper Jaffray. On Monday, September 19 the stock rating was downgraded by Dougherty & Company to “Sell”. Piper Jaffray initiated it with “Overweight” rating and $21.0 target in Wednesday, August 26 report. The firm has “Buy” rating by Lake Street given on Wednesday, February 8. The firm has “Buy” rating given on Thursday, June 22 by Roth Capital. The company was maintained on Friday, August 4 by Piper Jaffray.

More notable recent Callidus Software Inc. (NASDAQ:CALD) news were published by: Seekingalpha.com which released: “Callidus Software’s (CALD) CEO Leslie Stretch on Q1 2017 Results – Earnings …” on May 05, 2017, also Seekingalpha.com with their article: “Callidus Software Acquires Learning Heroes For E-Learning Tech” published on June 05, 2017, Seekingalpha.com published: “Callidus Software’s (CALD) CEO Leslie Stretch on Q2 2017 Results – Earnings …” on August 04, 2017. More interesting news about Callidus Software Inc. (NASDAQ:CALD) were released by: Seekingalpha.com and their article: “Callidus Software Acquires RevSym For Lead To Money Tech” published on May 25, 2017 as well as Streetinsider.com‘s news article titled: “Callidus Software, Inc. (CALD) Acquires RevSym” with publication date: May 24, 2017.

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