Teachers Advisors LLC Buys 2,287 Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD)
Teachers Advisors LLC increased its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 2.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 85,227 shares of the software maker’s stock after buying an additional 2,287 shares during the period. Teachers Advisors LLC’s holdings in Cornerstone OnDemand were worth $3,314,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Eagle Asset Management Inc. boosted its stake in Cornerstone OnDemand by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 1,507,688 shares of the software maker’s stock worth $58,633,000 after buying an additional 51,974 shares during the last quarter. First Trust Advisors LP boosted its stake in Cornerstone OnDemand by 4.6% in the first quarter. First Trust Advisors LP now owns 1,228,904 shares of the software maker’s stock worth $47,792,000 after buying an additional 54,405 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Cornerstone OnDemand by 34.1% in the first quarter. Victory Capital Management Inc. now owns 836,619 shares of the software maker’s stock worth $32,536,000 after buying an additional 212,950 shares during the last quarter. Norges Bank bought a new stake in Cornerstone OnDemand during the fourth quarter worth about $11,655,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Cornerstone OnDemand by 30.2% in the first quarter. Parametric Portfolio Associates LLC now owns 198,925 shares of the software maker’s stock worth $7,736,000 after buying an additional 46,095 shares during the last quarter. Institutional investors own 90.52% of the company’s stock.
Shares of Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 0.80% during midday trading on Friday, reaching $34.09. 901,391 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $37.26 and its 200 day moving average price is $38.69. The firm’s market capitalization is $1.96 billion. Cornerstone OnDemand, Inc. has a 52-week low of $30.31 and a 52-week high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.09. The business had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.
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CSOD has been the topic of a number of recent research reports. Credit Suisse Group reiterated a “hold” rating and issued a $43.00 target price on shares of Cornerstone OnDemand in a research note on Monday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. B. Riley reiterated a “buy” rating and issued a $47.00 target price 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 cut their target price for the company from $46.00 to $32.00 in a research note on Tuesday, June 20th. Finally, BidaskClub cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.43.
In other news, Director R C. Mark Baker sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $37.76, for a total transaction of $151,040.00. Following the transaction, the director now owns 24,000 shares of the company’s stock, valued at $906,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R C. Mark Baker sold 1,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.91, for a total value of $36,910.00. Following the transaction, the director now directly owns 19,000 shares in the company, valued at approximately $701,290. The disclosure for this sale can be found here. Insiders have sold 97,820 shares of company stock worth $3,668,934 in the last 90 days. 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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