BNP Paribas Arbitrage SA increased its position in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 530.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,475 shares of the software maker’s stock after acquiring an additional 5,448 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Cornerstone OnDemand were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Cornerstone OnDemand by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 7,211 shares of the software maker’s stock worth $280,000 after acquiring an additional 96 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cornerstone OnDemand by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,530 shares of the software maker’s stock worth $760,000 after acquiring an additional 232 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Cornerstone OnDemand by 7.1% during the 1st quarter. Neuberger Berman Group LLC now owns 7,685 shares of the software maker’s stock worth $299,000 after acquiring an additional 508 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Cornerstone OnDemand by 1.0% during the 1st quarter. Nationwide Fund Advisors now owns 50,272 shares of the software maker’s stock worth $1,955,000 after acquiring an additional 520 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in Cornerstone OnDemand by 9.2% during the 2nd quarter. Aperio Group LLC now owns 9,972 shares of the software maker’s stock worth $356,000 after acquiring an additional 838 shares during the last quarter. 91.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Vincent Belliveau sold 11,660 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $40.00, for a total transaction of $466,400.00. Following the transaction, the executive vice president now directly owns 237,043 shares of the company’s stock, valued at approximately $9,481,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Adam J. Weiss sold 5,786 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $34.46, for a total value of $199,385.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,820 shares of company stock valued at $4,585,824. Corporate insiders own 12.60% of the company’s stock.

Cornerstone OnDemand, Inc. (NASDAQ CSOD) opened at 38.60 on Friday. Cornerstone OnDemand, Inc. has a 1-year low of $30.31 and a 1-year high of $47.32. The company has a 50-day moving average price of $35.81 and a 200-day moving average price of $37.46. The firm’s market cap is $2.22 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117.00 million. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.

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Several research firms recently weighed in on CSOD. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. B. Riley restated a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a report on Wednesday, August 9th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $46.00 target price (down from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, Credit Suisse Group upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $49.00 in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.69.

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.

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

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