Praesidium Investment Management Company buys $143,684,567 stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Praesidium Investment Management Company scooped up 712,518 additional shares in Cornerstone OnDemand during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,224,519 shares of Cornerstone OnDemand which is valued at $143,684,567.Cornerstone OnDemand makes up approximately 11.33% of Praesidium Investment Management Company’s portfolio.

Other Hedge Funds, Including , Invictus Rg Pte. Ltd. added CSOD to its portfolio by purchasing 5,033 company shares during the most recent quarter which is valued at $224,270. Cornerstone OnDemand makes up approx 0.19% of Invictus Rg Pte. Ltd.’s portfolio.Keybank National Associationoh reduced its stake in CSOD by selling 2,042 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 16,346 shares of CSOD which is valued at $728,378.State Board Of Administration Of Florida Retirement System reduced its stake in CSOD by selling 5,367 shares or 12.24% in the most recent quarter. The Hedge Fund company now holds 38,493 shares of CSOD which is valued at $1,735,264. Cornerstone OnDemand makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio. American Century Companies Inc added CSOD to its portfolio by purchasing 98,794 company shares during the most recent quarter which is valued at $4,271,853.

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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