Simplex Trading Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Simplex Trading reduced its stake in Cornerstone OnDemand by 43.62% during the most recent quarter end. The investment management company now holds a total of 10,344 shares of Cornerstone OnDemand which is valued at $450,998 after selling 8,004 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Cornerstone OnDemand makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , 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.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.

Cornerstone OnDemand closed down -1.36 points or -3.02% at $43.6 with 7,86,837 shares getting traded on Friday. Post opening the session at $44.73, the shares hit an intraday low of $42.72 and an intraday high of $44.735 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 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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