Falcon Point Capital Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Falcon Point Capital reduced its stake in Cornerstone OnDemand by 11.93% during the most recent quarter end. The investment management company now holds a total of 363,041 shares of Cornerstone OnDemand which is valued at $15,697,893 after selling 49,190 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cornerstone OnDemand makes up approximately 2.63% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co added CSOD to its portfolio by purchasing 362,922 company shares during the most recent quarter which is valued at $15,692,747. Cornerstone OnDemand makes up approx 0.15% of Rs Investment Management Co’s portfolio. Stoneridge Investment Partners sold out all of its stake in CSOD during the most recent quarter. The investment firm sold 21,701 shares of CSOD which is valued $938,351.Msi Financial Services Inc reduced its stake in CSOD by selling 36 shares or 70.59% in the most recent quarter. The Hedge Fund company now holds 15 shares of CSOD which is valued at $649. Telemus Capital added CSOD to its portfolio by purchasing 146,212 company shares during the most recent quarter which is valued at $6,275,419. Cornerstone OnDemand makes up approx 0.72% of Telemus Capital’s portfolio.Simplex Trading boosted its stake in CSOD in the latest quarter, The investment management firm added 18,261 additional shares and now holds a total of 18,348 shares of Cornerstone OnDemand which is valued at $787,496. Cornerstone OnDemand makes up approx 0.10% of Simplex Trading’s portfolio.

Cornerstone OnDemand closed down -0.76 points or -1.73% at $43.19 with 9,96,464 shares getting traded on Friday. Post opening the session at $43.86, the shares hit an intraday low of $41.8 and an intraday high of $43.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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 .First Analysis Sec Initiated Cornerstone OnDemand on Jul 1, 2016 to “Overweight”, Price Target of the shares are set at $50.

Cornerstone OnDemand Inc. is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s 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 Company’s product offerings include Cornerstone Recruiting Cornerstone Onboarding Cornerstone Learning Cornerstone Performance Cornerstone Succession Cornerstone Compensation Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Company’s clients include multi-national companies large domestic and foreign-based enterprises mid-market companies public sector organizations higher education institutions and non-profit entities.

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