Glenhill Advisors Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Glenhill Advisors reduced its stake in Cornerstone OnDemand by 24.52% during the most recent quarter end. The investment management company now holds a total of 887,270 shares of Cornerstone OnDemand which is valued at $39,536,751 after selling 288,171 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cornerstone OnDemand makes up approximately 2.72% of Glenhill Advisors’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc reduced its stake in CSOD by selling 33,111 shares or 54.69% in the most recent quarter. The Hedge Fund company now holds 27,435 shares of CSOD which is valued at $1,222,504. Cornerstone OnDemand makes up approx 0.01% of Fred Alger Management Inc’s portfolio.Potrero Capital Research reduced its stake in CSOD by selling 10,000 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 135,679 shares of CSOD which is valued at $6,045,856. Cornerstone OnDemand makes up approx 5.23% of Potrero Capital Research’s portfolio.Oxford Asset Management reduced its stake in CSOD by selling 17,085 shares or 16.91% in the most recent quarter. The Hedge Fund company now holds 83,924 shares of CSOD which is valued at $3,746,367. Cornerstone OnDemand makes up approx 0.15% of Oxford Asset Management’s portfolio. Columbus Circle Investors added CSOD to its portfolio by purchasing 22,273 company shares during the most recent quarter which is valued at $966,425. Cornerstone OnDemand makes up approx 0.01% of Columbus Circle Investors’s portfolio.Falcon Point Capital reduced its stake in CSOD by selling 49,190 shares or 11.93% in the most recent quarter. The Hedge Fund company now holds 363,041 shares of CSOD which is valued at $15,697,893. Cornerstone OnDemand makes up approx 2.63% of Falcon Point Capital’s portfolio.

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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