DekaBank Deutsche Girozentrale boosted its holdings in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 245.0% during the 1st quarter, HoldingsChannel reports. The fund owned 9,180 shares of the software maker’s stock after buying an additional 6,519 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Cornerstone OnDemand were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CSOD. Advisor Group Inc. grew its stake in Cornerstone OnDemand by 33.2% in the 1st quarter. Advisor Group Inc. now owns 1,132 shares of the software maker’s stock valued at $62,000 after acquiring an additional 282 shares during the period. BlackRock Inc. raised its holdings in shares of Cornerstone OnDemand by 5.3% during the 1st quarter. BlackRock Inc. now owns 4,139,916 shares of the software maker’s stock worth $226,785,000 after acquiring an additional 208,317 shares during the period. First Trust Advisors LP raised its holdings in Cornerstone OnDemand by 3.8% in the 1st quarter. First Trust Advisors LP now owns 1,873,456 shares of the software maker’s stock valued at $102,628,000 after buying an additional 69,446 shares during the period. Martingale Asset Management L P raised its holdings in Cornerstone OnDemand by 150.2% in the 1st quarter. Martingale Asset Management L P now owns 41,825 shares of the software maker’s stock valued at $2,292,000 after buying an additional 25,106 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in Cornerstone OnDemand in the 1st quarter valued at about $76,000. Institutional investors own 92.13% of the company’s stock.

NASDAQ:CSOD opened at $52.91 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.88. Cornerstone OnDemand, Inc. has a 1 year low of $45.89 and a 1 year high of $60.19.

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

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 10,485 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $54.72, for a total value of $573,739.20. Following the sale, the chief executive officer now owns 2,418,458 shares of the company’s stock, valued at $132,338,021.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $51.81, for a total value of $1,088,010.00. Following the completion of the sale, the chief executive officer now directly owns 2,339,658 shares in the company, valued at approximately $121,217,680.98. The disclosure for this sale can be found here. Insiders sold 115,399 shares of company stock worth $6,208,984 in the last three months. 9.40% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on CSOD. Needham & Company LLC reissued a “strong-buy” rating and set a $70.00 price objective (up from $60.00) on shares of Cornerstone OnDemand in a research report on Wednesday, February 13th. Bank of America upped 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. BidaskClub cut Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. JMP Securities restated a “buy” rating and set a $65.00 price target on shares of Cornerstone OnDemand in a research note on Sunday, February 17th. Finally, Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.36.

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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 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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