Reaffirmed: Cornerstone OnDemand (NASDAQ:CSOD) Underweight Rating Reaffirmed by Barclays; $40 Target in Place

August 9, 2018 - By Margaret Guttierez

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Logo

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.12, from 1.01 in 2017Q4. It dived, as 16 investors sold Cornerstone OnDemand, Inc. shares while 55 reduced holdings. 23 funds opened positions while 40 raised stakes. 48.58 million shares or 1.75% less from 49.44 million shares in 2017Q4 were reported.

Piermont Management Inc, a Missouri-based fund reported 7,010 shares. Comml Bank Of Mellon invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Sg Americas Lc holds 6,884 shares or 0% of its portfolio. D E Shaw & Company Inc has invested 0.02% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Tower Rech Ltd Company (Trc) has 38 shares. Keybank Association Oh owns 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 6,698 shares. State Of Wisconsin Investment Board reported 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Tudor Inv Et Al holds 18,391 shares. Los Angeles Management & Equity Research owns 66,181 shares. Moreover, Tiaa Cref Investment Mgmt Limited Liability has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Weiss Multi invested in 0.16% or 129,200 shares. Citigroup Incorporated holds 253,470 shares or 0.01% of its portfolio. Employees Retirement Association Of Colorado owns 9,058 shares. Washington Capital invested in 0.44% or 11,300 shares. Falcon Point Cap Ltd Com holds 1.97% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 252,225 shares.

Since February 22, 2018, it had 0 insider buys, and 37 sales for $13.62 million activity. Weiss Adam J. sold $103,880 worth of stock or 2,000 shares. 7,953 shares were sold by Goldin Mark, worth $381,259. Carter David Joseph had sold 6,958 shares worth $301,629 on Tuesday, March 6. BURLINGAME HAROLD W also sold $79,850 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Monday, June 18. Another trade for 5,000 shares valued at $250,000 was made by Swartz Brian L on Wednesday, May 30. 5,000 Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares with value of $204,140 were sold by Baker R C Mark.

Cornerstone OnDemand (NASDAQ:CSOD) Rating Reaffirmed

Barclays now has a $40 TP on shares of Cornerstone OnDemand (NASDAQ:CSOD). The TP means a potential downside of -23.81 % from the stock close price of Cornerstone OnDemand (NASDAQ:CSOD). This rating was revealed in a research report on 8 August.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Ratings Coverage

Among 10 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Cornerstone OnDemand has $61 highest and $38 lowest target. $50.10’s average target is -4.57% below currents $52.5 stock price. Cornerstone OnDemand had 14 analyst reports since February 14, 2018 according to SRatingsIntel. FBR Capital maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Wednesday, March 14 with “Buy” rating. The firm earned “Buy” rating on Tuesday, May 15 by Needham. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Buy” rating given on Thursday, April 19 by Bank of America. On Monday, March 19 the stock rating was maintained by JMP Securities with “Buy”. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Neutral” rating by JP Morgan on Wednesday, February 14. The company was maintained on Wednesday, March 14 by Credit Suisse. Needham maintained the shares of CSOD in report on Wednesday, March 14 with “Buy” rating. The rating was maintained by Barclays Capital on Wednesday, August 8 with “Underweight”. The firm has “Underweight” rating given on Thursday, July 12 by Barclays Capital. The rating was maintained by FBR Capital with “Buy” on Wednesday, May 30.

The stock increased 3.59% or $1.82 during the last trading session, reaching $52.5. About 1.65M shares traded or 193.97% up from the average. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 28.08% since August 9, 2017 and is uptrending. It has outperformed by 15.51% the S&P500.

Cornerstone OnDemand, Inc., together with its subsidiaries, provides human capital management software through software-as-a-service model worldwide. The company has market cap of $3.03 billion. The Company’s products suite includes recruiting suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; learning suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; performance suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and human resource administration suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting. It currently has negative earnings. The firm also offers Cornerstone Growth Edition, a cloud learning and talent management solution for organizations with 250 or fewer employees; and Cornerstone Edge solutions that allow clients and partners to integrate with marketplace of service providers.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Businesswire.com which released: “Cornerstone to Present at Upcoming Investor Conferences” on July 24, 2018, also Benzinga.com with their article: “22 Stocks Moving In Tuesday’s Pre-Market Session” published on July 17, 2018, Globenewswire.com published: “Recent Analysis Shows Cornerstone OnDemand, American International Group, Douglas Emmett, Baker Hughes, a GE …” on August 09, 2018. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Seekingalpha.com and their article: “Cornerstone OnDemand: Sharp Deceleration Makes Me Wary” published on August 09, 2018 as well as Benzinga.com‘s news article titled: “Cornerstone OnDemand Positioned For Multiyear Subscription Growth, Piper Jaffray Says In Upgrade” with publication date: July 17, 2018.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Institutional Positions Chart

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