Cornerstone OnDemand (CSOD) : Telemus Capital added new position in Cornerstone OnDemand during the most recent quarter end. The investment management firm now holds 146,212 shares of Cornerstone OnDemand which is valued at $6,275,419 , the company said in a statement filed on Jul 19, 2016 with the SEC.Cornerstone OnDemand makes up approximately 0.72% of Telemus Capital’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in CSOD by selling 119,384 shares or 8.56% in the most recent quarter. The Hedge Fund company now holds 1,275,712 shares of CSOD which is valued at $54,753,559. Cornerstone OnDemand makes up approx 0.36% of Eagle Asset Management Inc’s portfolio.Simplex Trading boosted its stake in CSOD in the latest quarter, The investment management firm added 18,261 additional shares and now holds a total of 18,348 shares of Cornerstone OnDemand which is valued at $787,496. Cornerstone OnDemand makes up approx 0.10% of Simplex Trading’s portfolio.Cutler Group Lp reduced its stake in CSOD by selling 5,864 shares or 82.38% in the most recent quarter. The Hedge Fund company now holds 1,254 shares of CSOD which is valued at $50,185.
Cornerstone OnDemand opened for trading at $42.46 and hit $43.72 on the upside on Wednesday, eventually ending the session at $42.92, with a gain of 1.78% or 0.75 points. The heightened volatility saw the trading volume jump to 4,70,867 shares. Company has a market cap of $2,364 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 Upgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 44 from a previous price target of $32 .Company shares were Reiterated by Needham on Jul 14, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .First Analysis Sec Initiated Cornerstone OnDemand on Jul 1, 2016 to “Overweight”, Price Target of the shares are set at $50.
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.