Do Institutional Investors Love Cornerstone Ondemand Inc (NASDAQ:CSOD)?

Amalgamated Bank now owns 6,704 shares of the software maker's stock worth $240,000 after buying an additional 535 shares during the period. Needham & Company LLC upgraded Cornerstone OnDemand from a buy rating to a strong-buy rating and set a $48.00 price target on the stock in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reiterated an overweight rating and set a $46.00 price target (down previously from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Zacks Investment Research cut Cornerstone OnDemand from a hold rating to a sell rating in a research report on Wednesday, November 8th. UBS downgraded it to "Neutral" rating and $40 target in Friday, November 4 report. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. The company now has an average rating of Hold and a consensus target price of $43.56.

Shares of Cornerstone OnDemand (CSOD) traded down $0.07 on Thursday, hitting $34.76. In the last earnings report the EPS was $-1.25 with 57.90M shares now outstanding. The lowest target is $31 while the high is $54.

News stories about Cornerstone OnDemand (NASDAQ:CSOD) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. After $0.55 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The business had revenue of $121.80 million during the quarter, compared to analysts' expectations of $118.95 million. 34,195 are owned by Profund Advisors Ltd. Envestnet Asset holds 0% of its portfolio in Cornerstone OnDemand, Inc. Macquarie Group Ltd. lifted its holdings in Cornerstone OnDemand by 0.8% during the 2nd quarter. Equities analysts predict that Cornerstone OnDemand Inc. will post $0.06 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: "Cornerstone OnDemand, Inc. (CSOD) Price Target to $33.00" was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another domain, it was copied illegally and republished in violation of worldwide trademark and copyright legislation. Moreover, Next Grp has 0% invested in Cornerstone OnDemand, Inc. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued. The ratio improved, as 84 active investment managers increased and opened new stock positions, while 69 sold and decreased holdings in Cornerstone Ondemand Inc. Wells Fargo & Company/mn claims 4,141 shares valued at $168,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam L. Miller sold 6,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $41.28, for a total transaction of $990,720.00. Hedge funds and other institutional investors own 91.34% of the company's stock. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock worth $1,429,460 over the last ninety days. Quantbot Technologies LP lifted its position in Cornerstone OnDemand by 153.2% during the second quarter. Rgm Capital Llc owns 2.37 million shares or 8.63% of their U.S. portfolio. Nationwide Fund Advisors owns 49,980 shares. Gradient Investments LLC acquired a new stake in shares of Cornerstone OnDemand during the second quarter worth $177,000.

Cornerstone Ondemand Incorporated (NASDAQ:CSOD) had a decrease of 0.72% in short interest. Finally, Trexquant Investment LP purchased a new position in Cornerstone OnDemand during the third quarter worth approximately $230,000. Prudential Financial Inc. now owns 10,678 shares of the software maker's stock worth $382,000 after buying an additional 260 shares during the period.

Cornerstone OnDemand, Inc. (Cornerstone), launched on May 24, 1999, is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). The Company's human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

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