Principal Financial Group Inc. boosted its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 1.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,211 shares of the software maker’s stock after buying an additional 96 shares during the period. Principal Financial Group Inc.’s holdings in Cornerstone OnDemand were worth $280,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSOD. Guggenheim Capital LLC boosted its position in shares of Cornerstone OnDemand by 36.6% in the fourth quarter. Guggenheim Capital LLC now owns 9,776 shares of the software maker’s stock worth $414,000 after buying an additional 2,617 shares during the period. Norges Bank purchased a new position in shares of Cornerstone OnDemand during the fourth quarter worth about $11,655,000. Teachers Advisors LLC boosted its position in shares of Cornerstone OnDemand by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 82,940 shares of the software maker’s stock worth $3,509,000 after buying an additional 1,624 shares during the period. Alpha Windward LLC purchased a new position in shares of Cornerstone OnDemand during the first quarter worth about $434,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Cornerstone OnDemand during the first quarter worth about $288,000. 90.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cornerstone OnDemand, Inc. (CSOD) opened at 34.09 on Friday. The firm has a 50-day moving average of $37.26 and a 200-day moving average of $38.69. The company’s market capitalization is $1.96 billion. Cornerstone OnDemand, Inc. has a 12 month low of $30.31 and a 12 month high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117 million. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Cornerstone OnDemand, Inc. will post $0.39 earnings per share for the current year.
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Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Cornerstone OnDemand in a report on Wednesday, April 19th. B. Riley reaffirmed a “buy” rating and issued a $47.00 price target on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $43.00 price target on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Finally, Wells Fargo & Company assumed coverage on shares of Cornerstone OnDemand in a research note on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.43.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $40.69, for a total transaction of $1,220,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,551,070 shares in the company, valued at approximately $144,493,038.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Adam J. Weiss sold 5,786 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $34.46, for a total transaction of $199,385.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,820 shares of company stock valued at $3,668,934. 12.60% of the stock is owned by company insiders.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
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