Nordea Investment Management AB lifted its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,676 shares of the software maker’s stock after buying an additional 8,726 shares during the period. Nordea Investment Management AB owned approximately 0.10% of Cornerstone OnDemand worth $2,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. American International Group Inc. boosted its position in shares of Cornerstone OnDemand by 8.1% in the third quarter. American International Group Inc. now owns 34,923 shares of the software maker’s stock worth $1,418,000 after buying an additional 2,611 shares during the period. Soma Equity Partners LP boosted its position in shares of Cornerstone OnDemand by 260.3% in the third quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock worth $36,468,000 after buying an additional 648,773 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Cornerstone OnDemand in the third quarter worth about $481,000. Macquarie Group Ltd. boosted its holdings in Cornerstone OnDemand by 3.9% in the third quarter. Macquarie Group Ltd. now owns 47,049 shares of the software maker’s stock valued at $1,911,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Cornerstone OnDemand by 84.4% in the third quarter. Russell Investments Group Ltd. now owns 355,587 shares of the software maker’s stock valued at $14,441,000 after purchasing an additional 162,762 shares during the last quarter. 95.89% of the stock is owned by institutional investors.

Cornerstone OnDemand, Inc. (CSOD) opened at $35.66 on Wednesday. Cornerstone OnDemand, Inc. has a 1-year low of $33.24 and a 1-year high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. The firm had revenue of $121.80 million for the quarter, compared to analysts’ expectations of $118.95 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Cornerstone OnDemand’s revenue for the quarter was up 13.0% compared to the same quarter last year. research analysts expect that Cornerstone OnDemand, Inc. will post -0.66 EPS for the current fiscal year.

Cornerstone OnDemand announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

A number of brokerages recently commented on CSOD. B. Riley reduced their price target on Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 10th. Zacks Investment Research raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Monday, October 9th. J P Morgan Chase & Co raised Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a report on Wednesday, November 8th. Piper Jaffray Companies downgraded Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Thursday, November 9th. Finally, KeyCorp reissued a “hold” rating on shares of Cornerstone OnDemand in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand has an average rating of “Hold” and a consensus price target of $43.56.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.28, for a total transaction of $990,720.00. Following the sale, the chief executive officer now owns 3,539,587 shares in the company, valued at $146,114,151.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harold W. Burlingame sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the director now owns 48,150 shares in the company, valued at approximately $1,926,000. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock worth $1,506,190 in the last 90 days. 12.60% of the stock is currently owned by insiders.

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Cornerstone OnDemand Profile

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.

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

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