Praesidium Investment Management Company Lowers stake in Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) : Praesidium Investment Management Company reduced its stake in Cornerstone OnDemand by 10.98% during the most recent quarter end. The investment management company now holds a total of 2,870,326 shares of Cornerstone OnDemand which is valued at $101,207,695 after selling 354,193 shares in Cornerstone OnDemand , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cornerstone OnDemand makes up approximately 8.30% of Praesidium Investment Management Company’s portfolio.

Other Hedge Funds, Including , Menta Capital sold out all of its stake in CSOD during the most recent quarter. The investment firm sold 7,042 shares of CSOD which is valued $254,427.Profund Advisors boosted its stake in CSOD in the latest quarter, The investment management firm added 833 additional shares and now holds a total of 21,236 shares of Cornerstone OnDemand which is valued at $718,202. Cornerstone OnDemand makes up approx 0.03% of Profund Advisors’s portfolio.Retirement Systems Of Alabama reduced its stake in CSOD by selling 128,359 shares or 54.97% in the most recent quarter. The Hedge Fund company now holds 105,141 shares of CSOD which is valued at $3,317,199. Cornerstone OnDemand makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Great West Life Assurance Co Can boosted its stake in CSOD in the latest quarter, The investment management firm added 2,086 additional shares and now holds a total of 6,631 shares of Cornerstone OnDemand which is valued at $274,789.

Cornerstone OnDemand closed down -0.35 points or -0.92% at $37.85 with 5,57,795 shares getting traded on Monday. Post opening the session at $38.41, the shares hit an intraday low of $37.51 and an intraday high of $38.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cornerstone OnDemand reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.01. The company had revenue of $107.80 million for the quarter, compared to analysts expectations of $104.62 million. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Cornerstone OnDemand. Cornerstone OnDemand was Downgraded by JP Morgan to ” Underweight” on Nov 4, 2016. Shares were Reiterated by Wunderlich on Nov 4, 2016 to “Buy” and Lowered the Price Target to $ 46 from a previous price target of $51 .Shares were Downgraded by Needham on Nov 4, 2016 to ” Buy” and Lowered the Price Target to $ 43 from a previous price target of $52 .

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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