Candriam Luxembourg S.C.A. increased its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 74.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,900 shares of the software maker’s stock after buying an additional 5,500 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Cornerstone OnDemand were worth $461,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CSOD. Guggenheim Capital LLC increased its position in 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 bought a new position in Cornerstone OnDemand during the fourth quarter worth about $11,655,000. Teachers Advisors LLC increased its position in 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. Nationwide Fund Advisors increased its position in Cornerstone OnDemand by 1.0% in the first quarter. Nationwide Fund Advisors now owns 50,272 shares of the software maker’s stock worth $1,955,000 after buying an additional 520 shares during the period. Finally, Profund Advisors LLC increased its position in Cornerstone OnDemand by 8.8% in the first quarter. Profund Advisors LLC now owns 26,224 shares of the software maker’s stock worth $1,020,000 after buying an additional 2,122 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.
Cornerstone OnDemand, Inc. (NASDAQ CSOD) opened at 34.03 on Wednesday. Cornerstone OnDemand, Inc. has a 52-week low of $30.31 and a 52-week high of $47.75. The company’s market cap is $1.96 billion. The firm’s 50 day moving average is $37.14 and its 200 day moving average is $38.55.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.09. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The firm had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117 million. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.
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A number of equities analysts have issued reports on CSOD shares. Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Cornerstone OnDemand in a research note on Wednesday, April 19th. B. Riley reiterated a “buy” rating and set a $47.00 price target on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and set a $43.00 price target on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Finally, Wells Fargo & Company started coverage on Cornerstone OnDemand in a research note on Thursday, May 11th. They set a “market perform” rating and a $37.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.43.
In other news, CEO Adam L. Miller sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,551,070 shares in the company, valued at $144,493,038.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Vincent Belliveau sold 11,660 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $40.00, for a total transaction of $466,400.00. Following the sale, the executive vice president now owns 237,043 shares in the company, valued at approximately $9,481,720. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,820 shares of company stock worth $3,517,894. Corporate insiders own 12.60% of the company’s stock.
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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