Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,780 shares of the software maker’s stock, valued at approximately $1,815,000. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of Cornerstone OnDemand as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CSOD. Eagle Asset Management Inc. lifted its holdings in shares of Cornerstone OnDemand by 40.9% in the second quarter. Eagle Asset Management Inc. now owns 2,123,957 shares of the software maker’s stock valued at $75,931,000 after buying an additional 616,269 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cornerstone OnDemand by 9.6% in the first quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock valued at $164,513,000 after buying an additional 368,783 shares during the period. First Trust Advisors LP lifted its holdings in shares of Cornerstone OnDemand by 25.2% in the second quarter. First Trust Advisors LP now owns 1,538,235 shares of the software maker’s stock valued at $54,992,000 after buying an additional 309,331 shares during the period. Garelick Capital Partners LP acquired a new stake in shares of Cornerstone OnDemand in the first quarter valued at $9,620,000. Finally, TCW Group Inc. lifted its holdings in shares of Cornerstone OnDemand by 318.0% in the first quarter. TCW Group Inc. now owns 310,501 shares of the software maker’s stock valued at $12,075,000 after buying an additional 236,221 shares during the period. Institutional investors and hedge funds own 91.75% of the company’s stock.
Shares of Cornerstone OnDemand, Inc. (NASDAQ CSOD) opened at 41.07 on Friday. Cornerstone OnDemand, Inc. has a 52 week low of $30.31 and a 52 week high of $47.32. The company has a 50-day moving average price of $35.83 and a 200 day moving average price of $37.56. The stock’s market capitalization is $2.36 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09). The company had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The firm’s revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 earnings per share for the current fiscal year.
In other Cornerstone OnDemand news, CFO Brian L. Swartz sold 5,000 shares of Cornerstone OnDemand stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the chief financial officer now directly owns 111,613 shares in the company, valued at $4,464,520. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $40.69, for a total value of $1,220,700.00. Following the transaction, the chief executive officer now owns 3,551,070 shares in the company, valued at $144,493,038.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,820 shares of company stock worth $3,515,104. Corporate insiders own 12.60% of the company’s stock.
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Several brokerages have recently weighed in on CSOD. BidaskClub upgraded Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Needham & Company LLC upgraded Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a report on Friday, July 14th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $46.00 price objective (down previously from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.69.
Cornerstone OnDemand Company Profile
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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