Large Outflow of Money Witnessed in Cornerstone OnDemand

Cornerstone OnDemand (NASDAQ:CSOD) traded higher in the last at $42.05, gaining 0.19 points or 0.45%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.22) million. The composite uptick value of $3.46 million was eclipsed by the accrued downtick value of $5.68 million, thereby ensuring the up/down ratio of 0.61. For the week, the shares have posted returns of -0.24%.A block trade registered during the day has revealed $0 million in upticks and $1.41 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-1.41) million.


Currently the company Insiders own 12.3% of Cornerstone OnDemand shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.73% . Institutional Investors own 93.34% of Cornerstone OnDemand shares. During last six month period, the net percent change held by insiders has seen a change of -0.86%. On the companys insider trading activities, Helvey Kirsten Maas, officer (Chief Operating Officer) of Cornerstone Ondemand Inc, unloaded 2,387 shares at an average price of $43 on June 8, 2016. The total amount of the transaction was worth $102,641, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cornerstone OnDemand (NASDAQ:CSOD) : On Monday heightened volatility was witnessed in Cornerstone OnDemand (NASDAQ:CSOD) which led to swings in the share price. The stock opened for trading at $41.58 and hit $42.6 on the upside , eventually ending the session at $42.05, with a gain of 0.45% or 0.19 points. The heightened volatility saw the trading volume jump to 490,720 shares. The 52-week high of the share price is $43.38 and the company has a market cap of $2,316 million. The 52-week low of the share price is at $22.25 .

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Cornerstone OnDemand (NASDAQ:CSOD). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $43 per share. The rating by the firm was issued on May 23, 2016.

Cornerstone OnDemand, Inc. is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstones 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 Companys product offerings include Cornerstone Recruiting, Cornerstone Onboarding, Cornerstone Learning, Cornerstone Performance, Cornerstone Succession, Cornerstone Compensation, Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Companys 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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