Holocene Advisors LP Raises Stock Holdings in Cornerstone OnDemand, Inc. (NASDAQ:CSOD)

Holocene Advisors LP boosted its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 55.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 96,982 shares of the software maker’s stock after acquiring an additional 34,617 shares during the period. Holocene Advisors LP’s holdings in Cornerstone OnDemand were worth $4,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. P2 Capital Partners LLC increased its stake in Cornerstone OnDemand by 21.7% during the first quarter. P2 Capital Partners LLC now owns 2,779,782 shares of the software maker’s stock worth $121,143,000 after purchasing an additional 495,256 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Cornerstone OnDemand during the first quarter worth about $214,000. Royal Bank of Canada increased its stake in Cornerstone OnDemand by 180.7% during the first quarter. Royal Bank of Canada now owns 4,485 shares of the software maker’s stock worth $195,000 after purchasing an additional 2,887 shares during the period. Ameriprise Financial Inc. increased its stake in Cornerstone OnDemand by 28.0% during the first quarter. Ameriprise Financial Inc. now owns 1,449,034 shares of the software maker’s stock worth $63,149,000 after purchasing an additional 316,706 shares during the period. Finally, HRT Financial LP increased its stake in shares of Cornerstone OnDemand by 1,055.5% during the first quarter. HRT Financial LP now owns 127,039 shares of the software maker’s stock worth $5,536,000 after buying an additional 116,045 shares during the period. Hedge funds and other institutional investors own 85.86% of the company’s stock.

CSOD has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on Cornerstone OnDemand in a report on Wednesday, June 30th. They issued a “buy” rating and a $61.00 price target for the company. DA Davidson reaffirmed a “buy” rating on shares of Cornerstone OnDemand in a report on Wednesday, May 5th. Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, May 19th. Finally, BMO Capital Markets lowered their price target on Cornerstone OnDemand from $63.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, May 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.00.

CSOD stock opened at $49.68 on Thursday. The firm has a market capitalization of $3.29 billion, a P/E ratio of -81.44, a P/E/G ratio of 1.51 and a beta of 1.30. Cornerstone OnDemand, Inc. has a twelve month low of $32.99 and a twelve month high of $55.50. The company has a 50 day moving average price of $48.94. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.63 and a quick ratio of 0.63.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Thursday, May 6th. The software maker reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Cornerstone OnDemand had a positive return on equity of 59.68% and a negative net margin of 4.83%. The firm had revenue of $209.30 million during the quarter, compared to the consensus estimate of $204.22 million. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. On average, equities research analysts expect that Cornerstone OnDemand, Inc. will post 2.13 EPS for the current fiscal year.

In related news, insider Adam J. Weiss sold 10,000 shares of the stock in a transaction on Friday, June 25th. The stock was sold at an average price of $52.14, for a total transaction of $521,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Mark Goldin sold 1,600 shares of the stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $45.00, for a total value of $72,000.00. Following the sale, the chief technology officer now directly owns 125,083 shares of the company’s stock, valued at $5,628,735. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,890 shares of company stock valued at $2,536,548. Corporate insiders own 7.00% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and people development solutions as software-as-a-service worldwide. Its enterprise people development solutions comprise learning solutions, which provide learning management software to scale with the organization and support compliance, knowledge sharing, and employee-driven development training to close skills gaps; content solution, which provides learning content from its own studios and various quality partners; performance solutions, which provide tools to manage goal setting, performance reviews, competency assessments, compensation management, and succession planning; careers solution, which helps employees understand how to get from their current position to future strategic roles with continuous feedback, goal setting, development plans, career exploration, and engagement survey tools; recruiting solutions, which help organizations to attract, hire, and onboard the right employees; and HR solution, which provides an aggregated view of employee data with workforce planning, self-service management, and compliance reporting capabilities.

Read More: Neutral Rating

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).

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

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.