Cornerstone OnDemand (CSOD) : Morgens Waterfall Vintiadis Co Inc added new position in Cornerstone OnDemand during the most recent quarter end. The investment management firm now holds 35,000 shares of Cornerstone OnDemand which is valued at $1,489,600 , the company said in a statement filed on Oct 12, 2016 with the SEC.Cornerstone OnDemand makes up approximately 1.34% of Morgens Waterfall Vintiadis Co Inc’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in CSOD by selling 10,851 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 1,264,861 shares of CSOD which is valued at $53,832,484. Cornerstone OnDemand makes up approx 0.37% of Eagle Asset Management Inc’s portfolio. Cutler Group Lp sold out all of its stake in CSOD during the most recent quarter. The investment firm sold 1,254 shares of CSOD which is valued $55,527.Simplex Trading reduced its stake in CSOD by selling 8,004 shares or 43.62% in the most recent quarter. The Hedge Fund company now holds 10,344 shares of CSOD which is valued at $450,998. Cornerstone OnDemand makes up approx 0.06% of Simplex Trading’s portfolio.Telemus Capital reduced its stake in CSOD by selling 1,250 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 144,962 shares of CSOD which is valued at $6,485,600. Cornerstone OnDemand makes up approx 0.72% of Telemus Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CSOD in the latest quarter, The investment management firm added 2,218 additional shares and now holds a total of 4,166 shares of Cornerstone OnDemand which is valued at $186,387.
Cornerstone OnDemand closed down -1.72 points or -3.88% at $42.56 with 4,63,445 shares getting traded on Tuesday. Post opening the session at $44.3, the shares hit an intraday low of $42.49 and an intraday high of $44.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Reiterated by First Analysis Sec on Sep 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Piper Jaffray Initiated Cornerstone OnDemand on Sep 2, 2016 to “Overweight”, Price Target of the shares are set at $53.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 .
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.