Palisade Capital Managementnj Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Palisade Capital Managementnj reduced its stake in Cornerstone OnDemand by 13.87% during the most recent quarter end. The investment management company now holds a total of 1,171,438 shares of Cornerstone OnDemand which is valued at $43.4 Million after selling 188,705 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on May 11, 2016.Cornerstone OnDemand makes up approximately 1.68% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp added CSOD to its portfolio by purchasing 24,645 company shares during the most recent quarter which is valued at $914,083. Cornerstone OnDemand makes up approx 0.09% of Cipher Capital Lp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in CSOD in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 35,920 shares of Cornerstone OnDemand which is valued at $1.3 Million.Bronfman E.l. Rothschild boosted its stake in CSOD in the latest quarter, The investment management firm added 168 additional shares and now holds a total of 735 shares of Cornerstone OnDemand which is valued at $25,843.Huntington National Bank reduced its stake in CSOD by selling 55 shares or 41.98% in the most recent quarter. The Hedge Fund company now holds 76 shares of CSOD which is valued at $2,611.

Cornerstone OnDemand opened for trading at $37.27 and hit $37.44 on the upside on Monday, eventually ending the session at $37.1, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 3,28,601 shares. Company has a market cap of $2,043 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 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 .Wunderlich Initiated Cornerstone OnDemand on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $39.

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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