Oberweis Asset Management Inc. bought a new stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 62,230 shares of the software maker’s stock, valued at approximately $3,138,000.
Several other large investors have also made changes to their positions in the company. Advisor Group Inc. raised its holdings in Cornerstone OnDemand by 164.0% during the fourth quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock worth $43,000 after purchasing an additional 528 shares in the last quarter. IFP Advisors Inc raised its holdings in Cornerstone OnDemand by 245.0% during the fourth quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after purchasing an additional 767 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Cornerstone OnDemand during the fourth quarter worth about $155,000. Campbell & CO Investment Adviser LLC purchased a new position in Cornerstone OnDemand during the third quarter worth about $210,000. Finally, Greenwood Capital Associates LLC purchased a new position in Cornerstone OnDemand during the third quarter worth about $214,000. 93.02% of the stock is owned by institutional investors and hedge funds.
Shares of CSOD stock traded up $0.21 during trading hours on Friday, hitting $55.59. The company’s stock had a trading volume of 172,755 shares, compared to its average volume of 419,095. The firm has a market capitalization of $3.32 billion, a PE ratio of -241.70 and a beta of 1.15. Cornerstone OnDemand, Inc. has a twelve month low of $37.74 and a twelve month high of $60.19. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.43 and a quick ratio of 1.43.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Monday, February 18th. TheStreet upgraded shares of Cornerstone OnDemand from a “d” rating to a “c” rating in a research report on Wednesday, February 13th. BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. JMP Securities restated a “buy” rating and set a $65.00 target price on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. Finally, DA Davidson began coverage on shares of Cornerstone OnDemand in a research report on Friday, February 1st. They set a “buy” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and an average target price of $61.75.
In related news, insider Adam J. Weiss sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $51.97, for a total transaction of $103,940.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Goldin sold 6,736 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $60.00, for a total transaction of $404,160.00. The disclosure for this sale can be found here. Insiders sold 174,784 shares of company stock worth $9,634,972 over the last quarter. Company insiders own 11.70% of the company’s stock.
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Cornerstone OnDemand 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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