Falcon Point Capital buys $13,760,271 stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Falcon Point Capital scooped up 110,338 additional shares in Cornerstone OnDemand during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 412,231 shares of Cornerstone OnDemand which is valued at $13,760,271.Cornerstone OnDemand makes up approximately 2.42% of Falcon Point Capital’s portfolio.

Cornerstone OnDemand opened for trading at $33.67 and hit $34.64 on the upside on Wednesday, eventually ending the session at $34.47, with a gain of 2.86% or 0.96 points. The heightened volatility saw the trading volume jump to 4,44,140 shares. Company has a market cap of $1,889 M.

Other Hedge Funds, Including , Simplex Trading reduced its stake in CSOD by selling 265 shares or 75.28% in the most recent quarter. The Hedge Fund company now holds 87 shares of CSOD which is valued at $2,904.Santa Fe Partners reduced its stake in CSOD by selling 6,242 shares or 21.4% in the most recent quarter. The Hedge Fund company now holds 22,927 shares of CSOD which is valued at $765,303. Cornerstone OnDemand makes up approx 0.12% of Santa Fe Partners’s portfolio.Stonebridge Capital Management Inc reduced its stake in CSOD by selling 325 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 19,265 shares of CSOD which is valued at $643,066. Cornerstone OnDemand makes up approx 0.27% of Stonebridge Capital Management Inc’s portfolio.Eagle Asset Management Inc reduced its stake in CSOD by selling 51,077 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 1,395,096 shares of CSOD which is valued at $46,038,168. Cornerstone OnDemand makes up approx 0.32% of Eagle Asset Management Inc’s portfolio.Edge Wealth Management reduced its stake in CSOD by selling 150 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 3,766 shares of CSOD which is valued at $124,278. Cornerstone OnDemand makes up approx 0.06% of Edge Wealth Management’s portfolio.

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. Wunderlich Initiated Cornerstone OnDemand on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $39.Shares were Reiterated by FBR Capital on Feb 11, 2016 to “Outperform” and Lowered the Price Target to $ 34 from a previous price target of $42 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Underweight” and Lowered the Price Target to $ 26 from a previous price target of $33 .

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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