Bank of Montreal Can Lowers Stake in Cornerstone OnDemand, Inc. (CSOD)

Bank of Montreal Can lessened its holdings in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 7.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,076 shares of the software maker’s stock after selling 2,979 shares during the period. Bank of Montreal Can’s holdings in Cornerstone OnDemand were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highland Capital Management LP purchased a new stake in shares of Cornerstone OnDemand in the 1st quarter worth approximately $215,000. Atria Investments LLC purchased a new stake in shares of Cornerstone OnDemand in the 2nd quarter worth approximately $265,000. SG Americas Securities LLC lifted its position in shares of Cornerstone OnDemand by 75.2% in the 1st quarter. SG Americas Securities LLC now owns 6,884 shares of the software maker’s stock worth $269,000 after purchasing an additional 2,954 shares during the period. Quantbot Technologies LP lifted its position in Cornerstone OnDemand by 108.5% during the first quarter. Quantbot Technologies LP now owns 8,529 shares of the software maker’s stock valued at $333,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in Cornerstone OnDemand during the first quarter valued at approximately $376,000. 94.09% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CSOD opened at $52.11 on Tuesday. Cornerstone OnDemand, Inc. has a 52 week low of $33.57 and a 52 week high of $55.31. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.30. The company has a market cap of $3.15 billion, a P/E ratio of -74.44 and a beta of 0.62.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The company had revenue of $132.52 million during the quarter, compared to analysts’ expectations of $128.33 million. equities analysts anticipate that Cornerstone OnDemand, Inc. will post -0.28 EPS for the current fiscal year.

In other Cornerstone OnDemand news, Director Harold W. Burlingame sold 1,553 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $47.90, for a total transaction of $74,388.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $53.28, for a total transaction of $1,118,880.00. Following the transaction, the chief executive officer now owns 3,428,434 shares in the company, valued at approximately $182,666,963.52. The disclosure for this sale can be found here. Insiders have sold a total of 130,806 shares of company stock worth $6,709,408 in the last 90 days. 11.70% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on CSOD shares. B. Riley increased their target price on shares of Cornerstone OnDemand from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, May 30th. BidaskClub raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 4th. Bank of America increased their target price on shares of Cornerstone OnDemand from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 19th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $55.00 target price on shares of Cornerstone OnDemand in a research report on Thursday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.67.

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

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