Rgm Capital buys $83.6 Million stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Rgm Capital scooped up 1,140,639 additional shares in Cornerstone OnDemand during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,253,772 shares of Cornerstone OnDemand which is valued at $83.6 Million.Cornerstone OnDemand makes up approximately 10.53% of Rgm Capital’s portfolio.

Other Hedge Funds, Including , Kavi Asset Management Lp reduced its stake in CSOD by selling 39,000 shares or 28.4% in the most recent quarter. The Hedge Fund company now holds 98,300 shares of CSOD which is valued at $3.6 Million. Cornerstone OnDemand makes up approx 3.18% of Kavi Asset Management Lp’s portfolio.Swiss National Bank boosted its stake in CSOD in the latest quarter, The investment management firm added 16,500 additional shares and now holds a total of 80,400 shares of Cornerstone OnDemand which is valued at $2.8 Million. Kornitzer Capital Management Inc Ks sold out all of its stake in CSOD during the most recent quarter. The investment firm sold 649,297 shares of CSOD which is valued $22.8 Million. Stoneridge Investment Partners added CSOD to its portfolio by purchasing 21,701 company shares during the most recent quarter which is valued at $745,429. Cornerstone OnDemand makes up approx 0.11% of Stoneridge Investment Partners’s portfolio.

Cornerstone OnDemand opened for trading at $37.67 and hit $37.85 on the upside on Wednesday, eventually ending the session at $37.73, with a gain of 0.35% or 0.13 points. The heightened volatility saw the trading volume jump to 2,56,899 shares. Company has a market cap of $2,078 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. Goldman Initiated Cornerstone OnDemand on May 23, 2016 to “Buy”, Price Target of the shares are set at $43.Company shares were Reiterated by Wunderlich on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Company shares were Reiterated by Barclays on May 5, 2016 to “Underweight”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .

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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