We Are One Seven LLC grew its holdings in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 8,987 shares of the software maker’s stock after acquiring an additional 213 shares during the quarter. We Are One Seven LLC’s holdings in Cornerstone OnDemand were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in CSOD. Nuveen Asset Management LLC acquired a new position in shares of Cornerstone OnDemand during the 2nd quarter worth approximately $30,918,000. First Trust Advisors LP grew its position in shares of Cornerstone OnDemand by 23.2% during the 2nd quarter. First Trust Advisors LP now owns 2,308,446 shares of the software maker’s stock worth $133,728,000 after purchasing an additional 434,990 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in shares of Cornerstone OnDemand by 1,509.7% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 442,814 shares of the software maker’s stock worth $25,652,000 after purchasing an additional 415,305 shares in the last quarter. FMR LLC grew its position in shares of Cornerstone OnDemand by 44.6% during the 1st quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock worth $72,355,000 after purchasing an additional 407,535 shares in the last quarter. Finally, Man Group plc grew its position in shares of Cornerstone OnDemand by 52.2% during the 2nd quarter. Man Group plc now owns 929,109 shares of the software maker’s stock worth $53,824,000 after purchasing an additional 318,703 shares in the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.
CSOD has been the topic of a number of analyst reports. JMP Securities increased their target price on shares of Cornerstone OnDemand from $65.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. ValuEngine downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. TheStreet downgraded shares of Cornerstone OnDemand from a “c” rating to a “d+” rating in a report on Tuesday, August 13th. BidaskClub raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Guggenheim initiated coverage on shares of Cornerstone OnDemand in a report on Thursday, June 27th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.88.
Shares of Cornerstone OnDemand stock opened at $56.00 on Friday. The company has a 50 day moving average of $54.11 and a 200-day moving average of $55.09. Cornerstone OnDemand, Inc. has a 1-year low of $45.89 and a 1-year high of $62.66. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76. The company has a market cap of $3.33 billion, a PE ratio of -243.48 and a beta of 1.10.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Monday, August 5th. The software maker reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). Cornerstone OnDemand had a negative return on equity of 11.18% and a negative net margin of 3.23%. The firm had revenue of $141.90 million for the quarter, compared to the consensus estimate of $138.83 million. During the same period last year, the company posted $0.13 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Cornerstone OnDemand, Inc. will post 0.47 earnings per share for the current year.
In related news, CFO Brian L. Swartz sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $51.90, for a total value of $519,000.00. Following the completion of the transaction, the chief financial officer now owns 128,103 shares of the company’s stock, valued at approximately $6,648,545.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam L. Miller sold 21,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.72, for a total transaction of $1,149,120.00. Following the completion of the transaction, the chief executive officer now directly owns 2,225,968 shares of the company’s stock, valued at approximately $121,804,968.96. The disclosure for this sale can be found here. In the last three months, insiders sold 173,544 shares of company stock valued at $9,832,797. 9.40% of the stock is owned by insiders.
Cornerstone OnDemand Profile
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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