Capital Fund Management S.A. Buys Shares of 91,720 Cornerstone OnDemand, Inc. (CSOD)
Capital Fund Management S.A. acquired a new position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 91,720 shares of the software maker’s stock, valued at approximately $3,279,000. Capital Fund Management S.A. owned about 0.16% of Cornerstone OnDemand at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Cornerstone OnDemand by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock worth $164,513,000 after purchasing an additional 368,783 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Cornerstone OnDemand by 40.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,123,957 shares of the software maker’s stock worth $75,931,000 after purchasing an additional 616,269 shares during the last quarter. RGM Capital LLC lifted its stake in shares of Cornerstone OnDemand by 9.4% during the 1st quarter. RGM Capital LLC now owns 1,727,538 shares of the software maker’s stock worth $67,184,000 after purchasing an additional 148,309 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Cornerstone OnDemand by 25.2% during the 2nd quarter. First Trust Advisors LP now owns 1,538,235 shares of the software maker’s stock worth $54,992,000 after purchasing an additional 309,331 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Cornerstone OnDemand by 3.4% during the 1st quarter. State Street Corp now owns 937,240 shares of the software maker’s stock worth $36,446,000 after purchasing an additional 30,638 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
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In other Cornerstone OnDemand news, SVP Adam J. Weiss sold 5,786 shares of Cornerstone OnDemand stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $34.46, for a total transaction of $199,385.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R C. Mark Baker sold 1,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.12, for a total value of $34,120.00. Following the sale, the director now directly owns 23,850 shares of the company’s stock, valued at $813,762. The disclosure for this sale can be found here. Insiders have sold a total of 93,820 shares of company stock valued at $3,515,104 over the last ninety days. 12.60% of the stock is owned by company insiders.
Cornerstone OnDemand, Inc. (CSOD) opened at 35.05 on Wednesday. The company’s 50-day moving average price is $36.16 and its 200 day moving average price is $37.62. Cornerstone OnDemand, Inc. has a 12 month low of $30.31 and a 12 month high of $47.32. The firm’s market capitalization is $2.02 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current year.
A number of equities research analysts recently weighed in on CSOD shares. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Barclays PLC cut Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $32.00 in a research note on Tuesday, June 20th. Credit Suisse Group upgraded Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $49.00 in a research note on Wednesday, July 19th. BidaskClub cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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