Cornerstone OnDemand, Inc. (CSOD) Holdings Boosted by Bank of Montreal Can

Bank of Montreal Can grew its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,907 shares of the software maker’s stock after buying an additional 1,831 shares during the quarter. Bank of Montreal Can’s holdings in Cornerstone OnDemand were worth $2,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bernzott Capital Advisors purchased a new stake in shares of Cornerstone OnDemand during the 2nd quarter worth approximately $18,834,000. Cypress Funds LLC purchased a new stake in shares of Cornerstone OnDemand during the 2nd quarter worth approximately $12,379,000. Castleark Management LLC purchased a new stake in shares of Cornerstone OnDemand during the 2nd quarter worth approximately $12,364,000. United Services Automobile Association increased its stake in shares of Cornerstone OnDemand by 976.7% during the 2nd quarter. United Services Automobile Association now owns 279,871 shares of the software maker’s stock worth $7,755,000 after purchasing an additional 253,878 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Cornerstone OnDemand by 19.2% during the 2nd quarter. Victory Capital Management Inc. now owns 786,279 shares of the software maker’s stock worth $37,293,000 after purchasing an additional 126,630 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Harold W. Burlingame sold 1,553 shares of Cornerstone OnDemand stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $53.46, for a total value of $83,023.38. Following the completion of the transaction, the director now directly owns 53,327 shares in the company, valued at approximately $2,850,861.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam J. Weiss sold 2,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the completion of the transaction, the insider now owns 108,151 shares of the company’s stock, valued at $5,623,852. The disclosure for this sale can be found here. Insiders sold a total of 128,658 shares of company stock valued at $7,119,497 over the last quarter. 11.70% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on CSOD shares. Barclays raised their price target on shares of Cornerstone OnDemand from $33.00 to $38.00 and gave the stock an “underweight” rating in a research note on Thursday, July 12th. BidaskClub upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 17th. Piper Jaffray Companies upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $46.00 to $60.00 in a research note on Tuesday, July 17th. Needham & Company LLC lifted their price objective on shares of Cornerstone OnDemand to $65.00 and gave the company a “strong-buy” rating in a research note on Monday, July 23rd. Finally, Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.73.

Cornerstone OnDemand stock opened at $51.51 on Friday. Cornerstone OnDemand, Inc. has a 1-year low of $33.57 and a 1-year high of $59.18. The company has a market capitalization of $2.89 billion, a P/E ratio of -73.59 and a beta of 1.05. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.50.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The business had revenue of $134.00 million during the quarter, compared to analyst estimates of $130.07 million. During the same period in the previous year, the business earned $0.12 EPS. Cornerstone OnDemand’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Cornerstone OnDemand, Inc. will post -0.32 EPS for the current year.

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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 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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