Victory Capital Management Inc. Has $430,000 Stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD)

Victory Capital Management Inc. cut its stake in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 9.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,346 shares of the software maker’s stock after selling 855 shares during the quarter. Victory Capital Management Inc.’s holdings in Cornerstone OnDemand were worth $430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Contour Asset Management LLC raised its position in shares of Cornerstone OnDemand by 5.3% during the first quarter. Contour Asset Management LLC now owns 3,022,924 shares of the software maker’s stock worth $131,739,000 after acquiring an additional 152,315 shares during the last quarter. RGM Capital LLC lifted its position in shares of Cornerstone OnDemand by 1.0% in the 1st quarter. RGM Capital LLC now owns 3,010,624 shares of the software maker’s stock worth $131,203,000 after purchasing an additional 29,507 shares during the period. P2 Capital Partners LLC boosted its stake in shares of Cornerstone OnDemand by 21.7% in the 1st quarter. P2 Capital Partners LLC now owns 2,779,782 shares of the software maker’s stock valued at $121,143,000 after purchasing an additional 495,256 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Cornerstone OnDemand by 64.9% during the first quarter. UBS Asset Management Americas Inc. now owns 1,815,037 shares of the software maker’s stock worth $79,099,000 after buying an additional 714,181 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Cornerstone OnDemand by 28.0% during the first quarter. Ameriprise Financial Inc. now owns 1,449,034 shares of the software maker’s stock worth $63,149,000 after buying an additional 316,706 shares during the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.

Shares of CSOD stock opened at $57.15 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 3.45. The firm has a fifty day simple moving average of $54.04 and a two-hundred day simple moving average of $49.30. Cornerstone OnDemand, Inc. has a 12 month low of $32.99 and a 12 month high of $57.50. The firm has a market capitalization of $3.81 billion, a PE ratio of -132.90 and a beta of 1.30.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, August 5th. The software maker reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.20. The company had revenue of $214.34 million for the quarter, compared to analyst estimates of $209.62 million. Cornerstone OnDemand had a negative net margin of 3.26% and a positive return on equity of 65.00%. On average, equities analysts predict that Cornerstone OnDemand, Inc. will post 2.08 earnings per share for the current fiscal year.

Several research firms have recently weighed in on CSOD. Needham & Company LLC lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Mizuho increased their price target on Cornerstone OnDemand from $45.00 to $57.50 and gave the stock a “neutral” rating in a report on Monday, August 9th. Finally, Berenberg Bank lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating and lowered their price objective for the company from $61.00 to $57.50 in a research note on Monday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.75.

In other news, insider Adam J. Weiss sold 4,000 shares of the company’s stock in a transaction on Friday, August 6th. The shares were sold at an average price of $56.85, for a total value of $227,400.00. Following the completion of the sale, the insider now owns 146,964 shares in the company, valued at approximately $8,354,903.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Mark Goldin sold 22,442 shares of the company’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $56.81, for a total transaction of $1,274,930.02. The disclosure for this sale can be found here. Insiders sold 46,302 shares of company stock worth $2,557,635 in the last 90 days. Corporate insiders own 7.00% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc engages in the provision of learning and talent management solutions delivered as Software-as-a-Service. It also engages in the provision of support packages, client success framework, technical consulting and content, implementation, business consulting and educational services.

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

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