Cornerstone OnDemand (CSOD) : University Of Notre Dame Du Lac added new position in Cornerstone OnDemand during the most recent quarter end. The investment management firm now holds 53,656 shares of Cornerstone OnDemand which is valued at $2,390,911 , the company said in a statement filed on Aug 12, 2016 with the SEC.Cornerstone OnDemand makes up approximately 2.10% of University Of Notre Dame Du Lac’s portfolio.
Other Hedge Funds, Including , Menta Capital reduced its stake in CSOD by selling 4,274 shares or 37.77% in the most recent quarter. The Hedge Fund company now holds 7,042 shares of CSOD which is valued at $313,792. Cornerstone OnDemand makes up approx 0.04% of Menta Capital’s portfolio.Washington Capital Management Inc reduced its stake in CSOD by selling 1,300 shares or 10.92% in the most recent quarter. The Hedge Fund company now holds 10,600 shares of CSOD which is valued at $477,848. Cornerstone OnDemand makes up approx 0.65% of Washington Capital Management Inc’s portfolio.Swiss National Bank boosted its stake in CSOD in the latest quarter, The investment management firm added 4,500 additional shares and now holds a total of 84,900 shares of Cornerstone OnDemand which is valued at $3,683,811. Cornerstone OnDemand makes up approx 0.01% of Swiss National Bank’s portfolio.California State Teachers Retirement System reduced its stake in CSOD by selling 8,816 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 105,802 shares of CSOD which is valued at $4,590,749. Cornerstone OnDemand makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in CSOD by selling 68,170 shares or 16.05% in the most recent quarter. The Hedge Fund company now holds 356,494 shares of CSOD which is valued at $15,396,976. Cornerstone OnDemand makes up approx 0.82% of Emerald Mutual Fund Advisers Trust’s portfolio.
Cornerstone OnDemand opened for trading at $43.75 and hit $44.34 on the upside on Monday, eventually ending the session at $43.67, with a gain of 0.14% or 0.06 points. The heightened volatility saw the trading volume jump to 2,98,860 shares. Company has a market cap of $2,443 M.
On the company’s financial health, Cornerstone OnDemand reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.02. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $97.70 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Many Wall Street Analysts have commented on Cornerstone OnDemand. Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $42 .Company shares were Upgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 44 from a previous price target of $32 .Company shares were Reiterated by Needham on Jul 14, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .
Cornerstone OnDemand Inc. is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstones Enterprise and Mid-Market solution is a cloud-based suite that addresses hiring developing engaging employees throughout their careers. The Company also offers Cornerstone Growth Edition which is a cloud-based talent management solution with learning and performance product offerings targeted to organizations with fewer than 400 employees. The Companys product offerings include Cornerstone Recruiting Cornerstone Onboarding Cornerstone Learning Cornerstone Performance Cornerstone Succession Cornerstone Compensation Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Companys clients include multi-national companies large domestic and foreign-based enterprises mid-market companies public sector organizations higher education institutions and non-profit entities.