JPMorgan Chase & Co. Decreases Holdings in Cornerstone OnDemand, Inc. (CSOD)

JPMorgan Chase & Co. lowered its stake in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 7.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,556,510 shares of the software maker’s stock after selling 129,067 shares during the period. JPMorgan Chase & Co.’s holdings in Cornerstone OnDemand were worth $85,266,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Cornerstone OnDemand by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 263,005 shares of the software maker’s stock worth $14,926,000 after buying an additional 8,886 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Cornerstone OnDemand during the 3rd quarter worth $679,000. Legal & General Group Plc increased its holdings in shares of Cornerstone OnDemand by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 18,455 shares of the software maker’s stock worth $1,047,000 after buying an additional 250 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Cornerstone OnDemand by 245.0% during the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after buying an additional 767 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Cornerstone OnDemand by 50.0% during the 4th quarter. Strs Ohio now owns 24,600 shares of the software maker’s stock worth $1,240,000 after buying an additional 8,200 shares during the last quarter. 91.94% of the stock is owned by institutional investors.

NASDAQ:CSOD opened at $53.68 on Friday. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -233.39 and a beta of 1.11. Cornerstone OnDemand, Inc. has a 1-year low of $45.89 and a 1-year high of $60.19.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). The firm had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. As a group, sell-side analysts expect that Cornerstone OnDemand, Inc. will post -0.07 earnings per share for the current fiscal year.

Several brokerages recently issued reports on CSOD. Goldman Sachs Group began coverage on Cornerstone OnDemand in a report on Friday, February 1st. They issued a “neutral” rating and a $56.00 price target for the company. DA Davidson began coverage on Cornerstone OnDemand in a report on Friday, February 1st. They issued a “buy” rating and a $65.00 price target for the company. BidaskClub upgraded Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $70.00 price target (up from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th. Finally, Bank of America increased their price target on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand currently has a consensus rating of “Buy” and an average target price of $62.36.

In other Cornerstone OnDemand news, insider Adrianna Burrows sold 3,211 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $55.14, for a total value of $177,054.54. Following the completion of the transaction, the insider now directly owns 55,361 shares of the company’s stock, valued at approximately $3,052,605.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Goldin sold 4,967 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $56.79, for a total transaction of $282,075.93. Following the completion of the transaction, the insider now directly owns 118,510 shares of the company’s stock, valued at $6,730,182.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,789 shares of company stock valued at $7,835,185. 9.40% of the stock is currently owned by corporate insiders.

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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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

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

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