Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 22.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,291 shares of the software maker’s stock after purchasing an additional 51,997 shares during the period. Stephens Investment Management Group LLC owned 0.47% of Cornerstone OnDemand worth $16,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in shares of Cornerstone OnDemand during the 2nd quarter valued at about $3,004,000. First Trust Advisors LP boosted its position in shares of Cornerstone OnDemand by 23.2% during the 2nd quarter. First Trust Advisors LP now owns 2,308,446 shares of the software maker’s stock valued at $133,728,000 after acquiring an additional 434,990 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Cornerstone OnDemand during the 2nd quarter valued at about $28,000. Rothschild & Co. Asset Management US Inc. boosted its position in shares of Cornerstone OnDemand by 1,509.7% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 442,814 shares of the software maker’s stock valued at $25,652,000 after acquiring an additional 415,305 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Cornerstone OnDemand during the 2nd quarter valued at about $260,000. Institutional investors own 92.20% of the company’s stock.

CSOD traded up $0.98 on Friday, hitting $51.63. The company had a trading volume of 7,185 shares, compared to its average volume of 446,507. The firm has a market cap of $3.11 billion, a P/E ratio of -224.22 and a beta of 1.02. Cornerstone OnDemand, Inc. has a 1 year low of $45.89 and a 1 year high of $62.66. The company’s fifty day moving average price is $58.52 and its 200 day moving average price is $55.87. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76.



Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Monday, August 5th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $141.90 million during the quarter, compared to analysts’ expectations of $138.83 million. Cornerstone OnDemand had a negative net margin of 3.23% and a negative return on equity of 11.18%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. On average, analysts predict that Cornerstone OnDemand, Inc. will post 0.47 earnings per share for the current year.

Several research analysts have recently weighed in on CSOD shares. Guggenheim started coverage on shares of Cornerstone OnDemand in a research report on Thursday, June 27th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, August 8th. ValuEngine lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. TheStreet lowered shares of Cornerstone OnDemand from a “c” rating to a “d+” rating in a report on Tuesday. Finally, BidaskClub lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.33.

In related news, Director Dean E. Carter sold 3,064 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $53.96, for a total value of $165,333.44. Following the completion of the transaction, the director now directly owns 24,310 shares of the company’s stock, valued at $1,311,767.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam J. Weiss sold 5,304 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $58.21, for a total value of $308,745.84. The disclosure for this sale can be found here. Insiders have sold 189,770 shares of company stock worth $10,943,365 over the last quarter. Insiders own 9.40% of the company’s stock.

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 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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Institutional Ownership by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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