California Public Employees Retirement System lifted its stake in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,539 shares of the software maker’s stock after purchasing an additional 11,116 shares during the period. California Public Employees Retirement System owned 0.15% of Cornerstone OnDemand worth $4,364,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Cornerstone OnDemand by 245.0% during the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock valued at $54,000 after buying an additional 767 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Cornerstone OnDemand during the 4th quarter valued at approximately $155,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cornerstone OnDemand during the 3rd quarter valued at approximately $210,000. Greenwood Capital Associates LLC purchased a new stake in shares of Cornerstone OnDemand during the 3rd quarter valued at approximately $214,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Cornerstone OnDemand during the 3rd quarter valued at approximately $234,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Several research firms have recently commented on CSOD. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Monday, February 18th. JMP Securities reaffirmed a “buy” rating and set a $65.00 price target on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. TheStreet raised shares of Cornerstone OnDemand from a “d” rating to a “c” rating in a research report on Wednesday, February 13th. Finally, Bank of America lifted their price target on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand has a consensus rating of “Buy” and an average target price of $61.75.
Shares of NASDAQ CSOD opened at $55.17 on Friday. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -239.87 and a beta of 1.15. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.43 and a current ratio of 1.43. Cornerstone OnDemand, Inc. has a 52-week low of $37.74 and a 52-week high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $129.91 million. Cornerstone OnDemand had a negative return on equity of 28.62% and a negative net margin of 6.29%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Analysts predict that Cornerstone OnDemand, Inc. will post -0.08 earnings per share for the current fiscal year.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 25,320 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $53.96, for a total value of $1,366,267.20. Following the sale, the chief executive officer now owns 2,441,258 shares of the company’s stock, valued at $131,730,281.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam J. Weiss sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $51.97, for a total value of $103,940.00. The disclosure for this sale can be found here. In the last three months, insiders sold 174,784 shares of company stock worth $9,634,972. 11.70% of the stock is owned by corporate insiders.
Cornerstone OnDemand Profile
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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