Cornerstone OnDemand (CSOD) : Visium Asset Management Lp reduced its stake in Cornerstone OnDemand by 28.7% during the most recent quarter end. The investment management company now holds a total of 397,746 shares of Cornerstone OnDemand which is valued at $17,723,562 after selling 160,097 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cornerstone OnDemand makes up approximately 1.73% of Visium Asset Management Lp’s portfolio.
Other Hedge Funds, Including , North Run Capital Lp reduced its stake in CSOD by selling 573,400 shares or 69.13% in the most recent quarter. The Hedge Fund company now holds 256,000 shares of CSOD which is valued at $11,407,360. Cornerstone OnDemand makes up approx 1.71% of North Run Capital Lp’s portfolio.Rhumbline Advisers reduced its stake in CSOD by selling 748 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 53,211 shares of CSOD which is valued at $2,371,082. Cornerstone OnDemand makes up approx 0.01% of Rhumbline Advisers’s portfolio.Teachers Advisors Inc boosted its stake in CSOD in the latest quarter, The investment management firm added 1,357 additional shares and now holds a total of 80,636 shares of Cornerstone OnDemand which is valued at $3,593,140. Cornerstone OnDemand makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Blackrock Fund Advisors reduced its stake in CSOD by selling 87,078 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 1,212,535 shares of CSOD which is valued at $54,030,560. Cornerstone OnDemand makes up approx 0.01% of Blackrock Fund Advisors’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.
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.