Eagle Asset Management Inc. trimmed its position in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,989,835 shares of the software maker’s stock after selling 4,745 shares during the quarter. Eagle Asset Management Inc. owned approximately 3.28% of Cornerstone OnDemand worth $109,082,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CSOD. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Cornerstone OnDemand by 25.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 31,283 shares of the software maker’s stock valued at $1,713,000 after purchasing an additional 6,313 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Cornerstone OnDemand during the 2nd quarter worth $154,000. Hexavest Inc. acquired a new stake in Cornerstone OnDemand during the 2nd quarter worth $279,000. Bessemer Group Inc. raised its stake in Cornerstone OnDemand by 191.2% during the 2nd quarter. Bessemer Group Inc. now owns 79,200 shares of the software maker’s stock worth $4,588,000 after acquiring an additional 52,000 shares in the last quarter. Finally, Summit Creek Advisors LLC acquired a new stake in Cornerstone OnDemand during the 2nd quarter worth $1,448,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
NASDAQ CSOD traded up $0.80 during trading on Friday, reaching $57.89. The company’s stock had a trading volume of 459,500 shares, compared to its average volume of 470,540. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -251.70 and a beta of 1.10. Cornerstone OnDemand, Inc. has a twelve month low of $45.89 and a twelve month high of $62.66. The business’s fifty day moving average price is $55.96 and its 200-day moving average price is $55.49.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $142.06 million. Cornerstone OnDemand had a negative net margin of 2.95% and a positive return on equity of 16.33%. Cornerstone OnDemand’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, sell-side analysts forecast that Cornerstone OnDemand, Inc. will post 0.51 EPS for the current fiscal year.
Several brokerages recently commented on CSOD. Bank of America lifted their price target on shares of Cornerstone OnDemand from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. JMP Securities lifted their price target on shares of Cornerstone OnDemand from $65.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 6th. Royal Bank of Canada began coverage on shares of Cornerstone OnDemand in a research note on Thursday. They set an “outperform” rating on the stock. BidaskClub lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Zacks Investment Research upgraded 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 note on Wednesday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $64.38.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 38,722 shares of Cornerstone OnDemand stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $59.08, for a total value of $2,287,695.76. Following the transaction, the chief executive officer now directly owns 2,108,555 shares in the company, valued at $124,573,429.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dean E. Carter sold 3,064 shares of Cornerstone OnDemand stock in a transaction on Monday, August 12th. The shares were sold at an average price of $53.96, for a total transaction of $165,333.44. Following the completion of the transaction, the director now owns 24,310 shares in the company, valued at $1,311,767.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,266 shares of company stock worth $6,837,662. 9.40% of the stock is currently owned by company 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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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