Here is What Hedge Funds Think About Callidus Software Inc. (CALD)

Intriguingly, Phil Frohlich’s Prescott Group Capital Management said goodbye to the largest investment of the 700 funds tracked by Insider Monkey, totaling an estimated $6.2 million in stock, and Anand Parekh’s Alyeska Investment Group was right behind this move, as the fund dumped about $4.3 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Callidus Software Inc. (NASDAQ:CALD) but similarly valued. These stocks are Cabot Microelectronics Corporation (NASDAQ:CCMP), Fifth Street Finance Corp. (NASDAQ:FSC), Amerisafe, Inc. (NASDAQ:AMSF), and Greenbrier Companies Inc (NYSE:GBX). All of these stocks’ market caps are closest to CALD’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $68 million. That figure was $153 million in CALD’s case. Cabot Microelectronics Corporation (NASDAQ:CCMP) is the most popular stock in this table. On the other hand Fifth Street Finance Corp. (NASDAQ:FSC) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Callidus Software Inc. (NASDAQ:CALD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.