California State Teachers Retirement System Has $4,898,000 Stake in Cornerstone OnDemand, Inc. (CSOD)

California State Teachers Retirement System Has $4,898,000 Stake in Cornerstone OnDemand, Inc. (CSOD)

California State Teachers Retirement System increased its stake in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 106,602 shares of the company’s stock after buying an additional 800 shares during the period. California State Teachers Retirement System owned 0.19% of Cornerstone OnDemand worth $4,898,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. bought a new position in Cornerstone OnDemand during the second quarter valued at about $3,760,000. Tocqueville Asset Management L.P. acquired a new stake in Cornerstone OnDemand during the second quarter valued at approximately $777,000. California Public Employees Retirement System raised its stake in Cornerstone OnDemand by 17.8% in the second quarter. California Public Employees Retirement System now owns 35,800 shares of the company’s stock valued at $1,362,000 after buying an additional 5,400 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Cornerstone OnDemand during the second quarter valued at approximately $267,000. Finally, Airain ltd acquired a new stake in Cornerstone OnDemand during the second quarter valued at approximately $1,051,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded up 0.012% on Friday, hitting $41.065. The stock had a trading volume of 262,872 shares. The company’s market cap is $2.31 billion. The company has a 50-day moving average of $41.50 and a 200 day moving average of $41.87. Cornerstone OnDemand, Inc. has a 12 month low of $22.25 and a 12 month high of $47.75.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.12. Cornerstone OnDemand had a negative return on equity of 364.65% and a negative net margin of 16.36%. The company earned $107.80 million during the quarter, compared to the consensus estimate of $104.64 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Cornerstone OnDemand’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts predict that Cornerstone OnDemand, Inc. will post $0.06 EPS for the current fiscal year.

CSOD has been the subject of several research reports. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $52.00 price target on shares of Cornerstone OnDemand in a research report on Monday, October 10th. J P Morgan Chase & Co lowered shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Wednesday, November 2nd. They noted that the move was a valuation call. Credit Suisse Group lowered shares of Cornerstone OnDemand from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $35.00 in a research report on Friday, November 4th. Wunderlich reduced their price target on shares of Cornerstone OnDemand from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $43.00 price target on shares of Cornerstone OnDemand in a research report on Friday, November 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Cornerstone OnDemand has an average rating of “Buy” and an average target price of $44.06.

In other news, Director Harold W. Burlingame sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $41.87, for a total value of $41,870.00. Following the completion of the sale, the director now directly owns 41,930 shares in the company, valued at $1,755,609.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harold W. Burlingame sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $41.72, for a total value of $62,580.00. Following the completion of the sale, the director now owns 42,800 shares of the company’s stock, valued at $1,785,616. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.

Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc (Cornerstone) is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics.

Want to see what other hedge funds are holding CSOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Related posts

Leave a Comment