Rgm Capital Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Rgm Capital reduced its stake in Cornerstone OnDemand by 29.26% during the most recent quarter end. The investment management company now holds a total of 1,594,257 shares of Cornerstone OnDemand which is valued at $71,040,092 after selling 659,515 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cornerstone OnDemand makes up approximately 8.16% of Rgm Capital’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in CSOD in the latest quarter, The investment management firm added 367,318 additional shares and now holds a total of 375,018 shares of Cornerstone OnDemand which is valued at $16,710,802. Cornerstone OnDemand makes up approx 0.08% of Two Sigma Investments Lp’s portfolio.Parametric Portfolio Associates boosted its stake in CSOD in the latest quarter, The investment management firm added 12,432 additional shares and now holds a total of 232,325 shares of Cornerstone OnDemand which is valued at $10,352,402. Cornerstone OnDemand makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in CSOD by selling 30,140 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 1,238,154 shares of CSOD which is valued at $55,172,142. Cornerstone OnDemand makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Mutual Of America Capital Management reduced its stake in CSOD by selling 12,537 shares or 18.27% in the most recent quarter. The Hedge Fund company now holds 56,087 shares of CSOD which is valued at $2,433,615. Cornerstone OnDemand makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.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.

Cornerstone OnDemand opened for trading at $43.52 and hit $44.89 on the upside on Thursday, eventually ending the session at $44.82, with a gain of 2.05% or 0.9 points. The heightened volatility saw the trading volume jump to 7,29,311 shares. Company has a market cap of $2,507 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 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). 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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