Significant Insider Selling Continues at Callidus Software (CALD)

Friday, July 28, 2017 10:15 PM ET

A SEC filing today indicated a notable insider sale of Callidus Software shares as — Leslie Stretch, Director and Officer — disposed of 104,509 shares in the company having a market value of approximately $2,612,725. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 119,509 shares and have averaged 59,755 shares per transaction over this time period.

Callidus Software buy-sell trading activity is close to the 90 member peer company average. The Software peer group saw 196 buy/sell trades during this period for an average of 2.2 transactions per company. However, trading at Callidus Software represents a lower number of shares per transaction. Within the peer group there were 1,377,888 shares purchased and 29,190,799 shares sold with company insiders disposing of 141,903 shares on average over this time period.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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