Canada Pension Plan Investment Board bought a new position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 139,513 shares of the software maker’s stock, valued at approximately $7,917,000. Canada Pension Plan Investment Board owned 0.24% of Cornerstone OnDemand at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio increased its holdings in shares of Cornerstone OnDemand by 175.0% during the second quarter. Strs Ohio now owns 3,300 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,100 shares during the period. Sun Life Financial INC bought a new position in shares of Cornerstone OnDemand during the second quarter worth approximately $167,000. Global X Management Co LLC bought a new position in shares of Cornerstone OnDemand during the second quarter worth approximately $167,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cornerstone OnDemand during the 3rd quarter worth approximately $210,000. Finally, We Are One Seven LLC acquired a new stake in shares of Cornerstone OnDemand during the 3rd quarter worth approximately $259,000. 93.82% of the stock is currently owned by institutional investors.
In other Cornerstone OnDemand news, insider Adam J. Weiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $57.20, for a total value of $114,400.00. Following the sale, the insider now owns 106,151 shares in the company, valued at $6,071,837.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $57.52, for a total transaction of $1,207,920.00. Following the completion of the sale, the chief executive officer now owns 3,380,434 shares in the company, valued at approximately $194,442,563.68. The disclosure for this sale can be found here. Insiders sold 107,557 shares of company stock worth $5,869,193 in the last 90 days. Company insiders own 11.70% of the company’s stock.
NASDAQ CSOD opened at $51.10 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 5.29. The company has a market cap of $3.05 billion, a P/E ratio of -73.00 and a beta of 1.06. Cornerstone OnDemand, Inc. has a 1 year low of $34.32 and a 1 year high of $59.18.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Wednesday, November 7th. The software maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Cornerstone OnDemand had a negative net margin of 7.46% and a negative return on equity of 41.67%. The firm had revenue of $134.00 million for the quarter, compared to analyst estimates of $130.07 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Cornerstone OnDemand, Inc. will post -0.2 EPS for the current year.
Several analysts recently issued reports on CSOD shares. ValuEngine upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. First Analysis set a $69.00 price target on shares of Cornerstone OnDemand and gave the stock a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Mitsubishi UFJ Financial Group increased their price target on shares of Cornerstone OnDemand to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and a consensus target price of $56.73.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.
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