Cornerstone OnDemand, Inc. (CSOD) Position Trimmed by Falcon Point Capital LLC

Falcon Point Capital LLC trimmed its holdings in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 4.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 72,321 shares of the software maker’s stock after selling 3,274 shares during the period. Cornerstone OnDemand makes up approximately 2.2% of Falcon Point Capital LLC’s investment portfolio, making the stock its 14th largest position. Falcon Point Capital LLC’s holdings in Cornerstone OnDemand were worth $3,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advisor Group Inc. boosted its stake in Cornerstone OnDemand by 164.0% during the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after purchasing an additional 528 shares during the period. IFP Advisors Inc raised its holdings in Cornerstone OnDemand by 245.0% in the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock valued at $54,000 after acquiring an additional 767 shares in the last quarter. Pearl River Capital LLC acquired a new position in Cornerstone OnDemand in the 1st quarter valued at approximately $150,000. Quantamental Technologies LLC acquired a new position in Cornerstone OnDemand in the 4th quarter valued at approximately $155,000. Finally, National Asset Management Inc. acquired a new position in Cornerstone OnDemand in the 4th quarter valued at approximately $239,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Several equities analysts have commented on CSOD shares. ValuEngine cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, May 10th. JMP Securities reissued a “buy” rating and issued a $65.00 target price on shares of Cornerstone OnDemand in a report on Sunday, February 17th. BidaskClub cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Goldman Sachs Group initiated coverage on Cornerstone OnDemand in a report on Friday, February 1st. They set a “neutral” rating and a $56.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $70.00 price target (up from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.36.

In related news, CEO Adam L. Miller sold 4,562 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $56.91, for a total transaction of $259,623.42. Following the sale, the chief executive officer now owns 2,450,140 shares of the company’s stock, valued at approximately $139,437,467.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $53.89, for a total value of $1,131,690.00. Following the sale, the chief executive officer now directly owns 2,369,458 shares in the company, valued at approximately $127,690,091.62. The disclosure for this sale can be found here. Insiders sold a total of 145,342 shares of company stock worth $7,969,532 over the last 90 days. 9.40% of the stock is owned by corporate insiders.

CSOD stock opened at $55.05 on Monday. Cornerstone OnDemand, Inc. has a fifty-two week low of $45.89 and a fifty-two week high of $60.19. The firm has a market cap of $3.28 billion, a P/E ratio of -239.35 and a beta of 1.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.88.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). The firm had revenue of $140.10 million during the quarter, compared to the consensus estimate of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Cornerstone OnDemand, Inc. will post -0.07 EPS for the current fiscal 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 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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