Strs Ohio Raises Position in Cornerstone OnDemand, Inc. (CSOD)

Strs Ohio boosted its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 175.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the software maker’s stock after acquiring an additional 2,100 shares during the period. Strs Ohio’s holdings in Cornerstone OnDemand were worth $156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Landscape Capital Management L.L.C. bought a new position in Cornerstone OnDemand during the first quarter valued at about $1,059,000. Soma Equity Partners LP increased its stake in Cornerstone OnDemand by 8.4% during the first quarter. Soma Equity Partners LP now owns 1,118,000 shares of the software maker’s stock valued at $43,725,000 after acquiring an additional 87,000 shares during the period. Wells Fargo & Company MN increased its stake in Cornerstone OnDemand by 0.5% during the second quarter. Wells Fargo & Company MN now owns 553,022 shares of the software maker’s stock valued at $26,230,000 after acquiring an additional 2,855 shares during the period. Victory Capital Management Inc. increased its stake in Cornerstone OnDemand by 19.2% during the second quarter. Victory Capital Management Inc. now owns 786,279 shares of the software maker’s stock valued at $37,293,000 after acquiring an additional 126,630 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Cornerstone OnDemand by 11.2% during the first quarter. Allianz Asset Management GmbH now owns 482,370 shares of the software maker’s stock valued at $18,865,000 after acquiring an additional 48,470 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.

NASDAQ CSOD opened at $57.24 on Friday. The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -81.77 and a beta of 0.85. Cornerstone OnDemand, Inc. has a 1-year low of $33.57 and a 1-year high of $58.56.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $132.52 million for the quarter, compared to the consensus estimate of $128.33 million. Cornerstone OnDemand had a negative return on equity of 79.03% and a negative net margin of 10.03%. sell-side analysts predict that Cornerstone OnDemand, Inc. will post -0.33 EPS for the current year.

Several equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and set a $61.00 price target (up from $52.00) on shares of Cornerstone OnDemand in a research note on Friday, August 3rd. ValuEngine lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. BidaskClub upgraded Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Zacks Investment Research upgraded Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, July 10th. Finally, Barclays boosted their price target on Cornerstone OnDemand from $40.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.80.

In other Cornerstone OnDemand news, insider Mark Goldin sold 7,953 shares of Cornerstone OnDemand stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $47.94, for a total transaction of $381,266.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam L. Miller sold 21,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $52.63, for a total value of $1,105,230.00. Following the sale, the chief executive officer now directly owns 3,466,268 shares in the company, valued at $182,429,684.84. The disclosure for this sale can be found here. Insiders have sold 164,110 shares of company stock worth $8,756,983 over the last ninety days. Company insiders own 11.70% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

Recommended Story: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding CSOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Institutional Ownership by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply