Keybank National Association OH maintained its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) during the first quarter, Holdings Channel reports. The fund owned 14,809 shares of the software maker’s stock at the end of the first quarter. Keybank National Association OH’s holdings in Cornerstone OnDemand were worth $576,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CSOD. First Trust Advisors LP boosted its position in Cornerstone OnDemand by 10.6% in the third quarter. First Trust Advisors LP now owns 1,000,921 shares of the software maker’s stock worth $45,992,000 after buying an additional 95,542 shares during the last quarter. BlackRock Inc. boosted its position in Cornerstone OnDemand by 10.2% in the third quarter. BlackRock Inc. now owns 5,119 shares of the software maker’s stock worth $235,000 after buying an additional 474 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Cornerstone OnDemand by 11.6% in the third quarter. Ameriprise Financial Inc. now owns 128,718 shares of the software maker’s stock worth $5,915,000 after buying an additional 13,421 shares during the last quarter. SECOR Capital Advisors LP boosted its position in Cornerstone OnDemand by 23.9% in the third quarter. SECOR Capital Advisors LP now owns 135,124 shares of the software maker’s stock worth $6,209,000 after buying an additional 26,033 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Cornerstone OnDemand by 765.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 352,034 shares of the software maker’s stock worth $16,176,000 after buying an additional 311,348 shares during the last quarter. Hedge funds and other institutional investors own 86.34% of the company’s stock.

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

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded down 1.26% on Monday, hitting $37.56. The stock had a trading volume of 316,471 shares. 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 $2.13 billion. The firm’s 50-day moving average is $37.71 and its 200-day moving average is $39.53.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.06. Cornerstone OnDemand had a negative return on equity of 325.21% and a negative net margin of 15.80%. The business had revenue of $111.58 million during the quarter, compared to analyst estimates of $110.23 million. Equities research analysts anticipate that Cornerstone OnDemand, Inc. will post $0.41 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a report on Sunday, February 19th. Zacks Investment Research upgraded Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, February 16th. Credit Suisse Group AG restated a “hold” rating on shares of Cornerstone OnDemand in a report on Wednesday, February 15th. DA Davidson restated a “buy” rating on shares of Cornerstone OnDemand in a report on Tuesday, February 14th. Finally, Bank of America Corp cut Cornerstone OnDemand from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $46.00 in a report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.93.

In related news, Director R C. Mark Baker sold 1,000 shares of Cornerstone OnDemand stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $36.91, for a total value of $36,910.00. Following the completion of the transaction, the director now directly owns 19,000 shares in the company, valued at $701,290. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director R C. Mark Baker sold 4,000 shares of Cornerstone OnDemand stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $37.76, for a total value of $151,040.00. Following the completion of the transaction, the director now owns 24,000 shares of the company’s stock, valued at $906,240. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,000 shares of company stock valued at $228,200. Company insiders own 12.60% of the company’s stock.

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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