Russell Investments Group Ltd. Boosts Position in Cornerstone OnDemand, Inc. (CSOD)

Russell Investments Group Ltd. boosted its holdings in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 15.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 334,908 shares of the software maker’s stock after purchasing an additional 44,717 shares during the period. Russell Investments Group Ltd. owned about 0.57% of Cornerstone OnDemand worth $19,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP lifted its position in Cornerstone OnDemand by 6.7% during the third quarter. First Trust Advisors LP now owns 2,184,752 shares of the software maker’s stock valued at $123,985,000 after purchasing an additional 137,316 shares during the period. Carillon Tower Advisers Inc. lifted its position in Cornerstone OnDemand by 1.9% during the second quarter. Carillon Tower Advisers Inc. now owns 1,509,541 shares of the software maker’s stock valued at $71,597,000 after purchasing an additional 27,730 shares during the period. FMR LLC lifted its position in Cornerstone OnDemand by 0.8% during the second quarter. FMR LLC now owns 940,214 shares of the software maker’s stock valued at $44,594,000 after purchasing an additional 7,775 shares during the period. Victory Capital Management Inc. lifted its position in Cornerstone OnDemand by 19.2% during the second quarter. Victory Capital Management Inc. now owns 786,279 shares of the software maker’s stock valued at $37,293,000 after purchasing an additional 126,630 shares during the period. Finally, Northern Trust Corp lifted its position in Cornerstone OnDemand by 2.4% during the second quarter. Northern Trust Corp now owns 679,111 shares of the software maker’s stock valued at $32,210,000 after purchasing an additional 15,631 shares during the period. Institutional investors own 91.69% of the company’s stock.

In related news, CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $52.23, for a total transaction of $1,096,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam L. Miller sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $51.44, for a total transaction of $411,520.00. Following the transaction, the chief executive officer now owns 3,337,834 shares of the company’s stock, valued at approximately $171,698,180.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,658 shares of company stock valued at $7,119,497. Insiders own 11.70% of the company’s stock.

Shares of Cornerstone OnDemand stock opened at $51.07 on Thursday. Cornerstone OnDemand, Inc. has a fifty-two week low of $33.57 and a fifty-two week high of $59.18. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34.

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

CSOD has been the subject of a number of research reports. BidaskClub downgraded shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Barclays boosted their target price on shares of Cornerstone OnDemand from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, August 8th. Mitsubishi UFJ Financial Group boosted their target price on shares of Cornerstone OnDemand to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, August 14th. Finally, Needham & Company LLC boosted their target price on shares of Cornerstone OnDemand to $65.00 and gave the company a “strong-buy” rating in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand presently has an average rating of “Hold” and a consensus price target of $56.09.

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Cornerstone OnDemand Company Profile

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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