California Public Employees Retirement System increased its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 15.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,200 shares of the software maker’s stock after buying an additional 4,100 shares during the period. California Public Employees Retirement System’s holdings in Cornerstone OnDemand were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Cornerstone OnDemand by 1.3% in the first quarter. Principal Financial Group Inc. now owns 7,211 shares of the software maker’s stock worth $280,000 after buying an additional 96 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Cornerstone OnDemand by 7.1% in the first quarter. Neuberger Berman Group LLC now owns 7,685 shares of the software maker’s stock worth $299,000 after buying an additional 508 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of 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 in the last quarter. Swiss National Bank increased its position in shares of Cornerstone OnDemand by 1.1% in the first quarter. Swiss National Bank now owns 88,300 shares of the software maker’s stock worth $3,434,000 after buying an additional 1,000 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Cornerstone OnDemand by 5.3% in the first quarter. American International Group Inc. now owns 30,490 shares of the software maker’s stock worth $1,186,000 after buying an additional 1,531 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

Shares of Cornerstone OnDemand, Inc. (CSOD) opened at 35.11 on Thursday. Cornerstone OnDemand, Inc. has a 12 month low of $30.31 and a 12 month high of $47.75. The company’s market cap is $2.02 billion. The company’s 50 day moving average is $37.37 and its 200 day moving average is $38.77.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its 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. Cornerstone OnDemand’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.

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A number of brokerages have weighed in on CSOD. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Cornerstone OnDemand in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $46.00 target price (down previously from $50.00) on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Finally, BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Hold” and an average price target of $44.43.

In other Cornerstone OnDemand news, EVP Vincent Belliveau sold 11,660 shares of the company’s 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 transaction, the executive vice president now owns 237,043 shares in the company, valued at approximately $9,481,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam L. Miller sold 30,000 shares of the company’s 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 transaction, the chief executive officer now owns 3,551,070 shares in the company, valued at approximately $144,493,038.30. The disclosure for this sale can be found here. Insiders have sold 97,820 shares of company stock valued at $3,668,934 in the last three months. 12.60% of the stock is currently owned by corporate insiders.

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

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