Cornerstone OnDemand, Inc. (CSOD) Position Reduced by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 10.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,063 shares of the software maker’s stock after selling 564 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cornerstone OnDemand were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Cornerstone OnDemand by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock valued at $164,513,000 after buying an additional 368,783 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in Cornerstone OnDemand by 40.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,123,957 shares of the software maker’s stock valued at $75,931,000 after buying an additional 616,269 shares during the last quarter. RGM Capital LLC raised its holdings in Cornerstone OnDemand by 9.4% during the 1st quarter. RGM Capital LLC now owns 1,727,538 shares of the software maker’s stock valued at $67,184,000 after buying an additional 148,309 shares during the last quarter. First Trust Advisors LP raised its holdings in Cornerstone OnDemand by 25.2% during the 2nd quarter. First Trust Advisors LP now owns 1,538,235 shares of the software maker’s stock valued at $54,992,000 after buying an additional 309,331 shares during the last quarter. Finally, State Street Corp raised its holdings in Cornerstone OnDemand by 3.4% during the 1st quarter. State Street Corp now owns 937,240 shares of the software maker’s stock valued at $36,446,000 after buying an additional 30,638 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.

Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) opened at 39.26 on Friday. The stock’s market capitalization is $2.26 billion. The stock has a 50 day moving average of $35.81 and a 200-day moving average of $37.46. Cornerstone OnDemand, Inc. has a 52-week low of $30.31 and a 52-week high of $47.32.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.09). Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The firm had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117.00 million. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.

A number of research analysts have issued reports on CSOD shares. Barclays PLC downgraded shares of Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $46.00 to $32.00 in a research report on Tuesday, June 20th. BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Needham & Company LLC raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a research report on Friday, July 14th. Credit Suisse Group raised shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $49.00 in a research report on Wednesday, July 19th. Finally, B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cornerstone OnDemand has an average rating of “Hold” and a consensus price target of $43.69.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 24,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $41.28, for a total value of $990,720.00. Following the transaction, the chief executive officer now owns 3,539,587 shares in the company, valued at $146,114,151.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kirsten Maas Helvey sold 8,247 shares of Cornerstone OnDemand stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $34.46, for a total value of $284,191.62. Following the completion of the transaction, the chief operating officer now owns 90,343 shares in the company, valued at approximately $3,113,219.78. The disclosure for this sale can be found here. Insiders sold 119,820 shares of company stock worth $4,585,824 in the last quarter. 12.60% of the stock is owned by insiders.

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Cornerstone OnDemand Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

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

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