Public Employees Retirement System of Ohio reduced its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,446 shares of the software maker’s stock after selling 25,260 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of Cornerstone OnDemand worth $3,906,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CSOD. Ameritas Investment Partners Inc. purchased a new position in Cornerstone OnDemand during the first quarter worth approximately $169,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $219,000. Engineers Gate Manager LP bought a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $237,000. Principal Financial Group Inc. raised its stake in shares of Cornerstone OnDemand by 1.3% in the first quarter. Principal Financial Group Inc. now owns 7,211 shares of the software maker’s stock valued at $280,000 after buying an additional 96 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $288,000. Hedge funds and other institutional investors own 90.52% of the company’s stock.

Shares of Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded down 0.69% during trading on Tuesday, reaching $34.72. 823,925 shares of the company were exchanged. Cornerstone OnDemand, Inc. has a 1-year low of $30.31 and a 1-year high of $47.75. The firm’s 50 day moving average is $37.49 and its 200 day moving average is $38.92. The firm’s market capitalization is $1.97 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.09. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $117 million. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.

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Several equities research analysts have issued reports on CSOD shares. Credit Suisse Group reiterated a “hold” rating and set a $43.00 target price on shares of Cornerstone OnDemand in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective on shares of Cornerstone OnDemand in a report on Wednesday, April 19th. Wells Fargo & Company started coverage on shares of Cornerstone OnDemand in a report on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price objective for the company. Finally, BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.43.

In related news, SVP Adam J. Weiss sold 5,786 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $34.46, for a total transaction of $199,385.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $40.69, for a total value of $1,220,700.00. Following the transaction, the chief executive officer now owns 3,551,070 shares in the company, valued at approximately $144,493,038.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,820 shares of company stock worth $3,668,934. Company insiders own 12.60% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its 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.

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

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