Quadrature Capital Ltd purchased a new stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,368 shares of the software maker’s stock, valued at approximately $1,441,000. Quadrature Capital Ltd owned approximately 0.06% of Cornerstone OnDemand at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CSOD. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Cornerstone OnDemand by 25.3% in the first 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. Arizona State Retirement System acquired a new stake in shares of Cornerstone OnDemand in the first quarter valued at approximately $385,000. Pearl River Capital LLC acquired a new stake in Cornerstone OnDemand during the 1st quarter worth $40,000. Bank of New York Mellon Corp grew its holdings in Cornerstone OnDemand by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 254,606 shares of the software maker’s stock worth $8,084,000 after acquiring an additional 9,282 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Cornerstone OnDemand by 68.0% during the 1st quarter. Russell Investments Group Ltd. now owns 307,955 shares of the software maker’s stock worth $9,769,000 after acquiring an additional 124,604 shares during the period. 82.74% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CSOD traded up $0.34 during midday trading on Friday, reaching $35.14. 756,495 shares of the stock were exchanged, compared to its average volume of 608,484. Cornerstone OnDemand, Inc. has a 12 month low of $22.22 and a 12 month high of $64.45. The company has a debt-to-equity ratio of 5.37, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day simple moving average of $36.14 and a two-hundred day simple moving average of $36.42. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -125.50, a P/E/G ratio of 4.12 and a beta of 1.34.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Monday, August 10th. The software maker reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.14. Cornerstone OnDemand had a negative net margin of 2.79% and a positive return on equity of 51.03%. The company had revenue of $184.36 million during the quarter, compared to analysts’ expectations of $178.72 million. During the same period in the prior year, the company posted $0.19 earnings per share. Cornerstone OnDemand’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts expect that Cornerstone OnDemand, Inc. will post 0.5 earnings per share for the current fiscal year.
A number of research firms have commented on CSOD. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Wednesday, July 29th. Needham & Company LLC began coverage on shares of Cornerstone OnDemand in a report on Friday, July 17th. They set a “buy” rating and a $45.00 target price for the company. Goldman Sachs Group lifted their target price on shares of Cornerstone OnDemand from $37.00 to $46.00 in a report on Monday, June 29th. Royal Bank of Canada lifted their target price on shares of Cornerstone OnDemand from $33.00 to $37.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Finally, Bank of America lowered shares of Cornerstone OnDemand from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $46.00 to $36.00 in a report on Monday, July 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.36.
In other Cornerstone OnDemand news, CTO Mark Goldin sold 3,854 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $38.70, for a total value of $149,149.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam J. Weiss sold 2,983 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $38.70, for a total transaction of $115,442.10. The disclosure for this sale can be found here. Company insiders own 9.40% of the company’s stock.
Cornerstone OnDemand Company 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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