Cornerstone OnDemand (CSOD) : Wasatch Advisors Inc scooped up 363,034 additional shares in Cornerstone OnDemand during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,813,445 shares of Cornerstone OnDemand which is valued at $259,047,109.Cornerstone OnDemand makes up approximately 3.78% of Wasatch Advisors Inc’s portfolio.
Other Hedge Funds, Including , Moore Capital Management Lp reduced its stake in CSOD by selling 120,000 shares or 82.76% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of CSOD which is valued at $1,114,000. Cornerstone OnDemand makes up approx 0.05% of Moore Capital Management Lp’s portfolio.Credit Suisse Ag boosted its stake in CSOD in the latest quarter, The investment management firm added 139,465 additional shares and now holds a total of 685,199 shares of Cornerstone OnDemand which is valued at $30,532,467. Cornerstone OnDemand makes up approx 0.04% of Credit Suisse Ag’s portfolio.Vanguard Group Inc boosted its stake in CSOD in the latest quarter, The investment management firm added 90,627 additional shares and now holds a total of 3,596,494 shares of Cornerstone OnDemand which is valued at $160,259,773. Cornerstone OnDemand makes up approx 0.01% of Vanguard Group Inc’s portfolio.Cable Hill Partners reduced its stake in CSOD by selling 24 shares or 9.96% in the most recent quarter. The Hedge Fund company now holds 217 shares of CSOD which is valued at $9,782. Cornerstone OnDemand makes up approx 0.01% of Cable Hill Partners’s portfolio.Strs Ohio boosted its stake in CSOD in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 4,100 shares of Cornerstone OnDemand which is valued at $177,284.
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). 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.