Legato Capital Management LLC Buys Shares of 8,100 Cornerstone OnDemand, Inc. (CSOD)

Legato Capital Management LLC purchased a new stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,100 shares of the software maker’s stock, valued at approximately $290,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock valued at $164,513,000 after buying an additional 368,783 shares during the last quarter. RGM Capital LLC raised its stake in shares of Cornerstone OnDemand by 9.4% in the first quarter. RGM Capital LLC now owns 1,727,538 shares of the software maker’s stock valued at $67,184,000 after buying an additional 148,309 shares during the last quarter. Eagle Asset Management Inc. raised its position in Cornerstone OnDemand by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 1,507,688 shares of the software maker’s stock worth $58,633,000 after buying an additional 51,974 shares in the last quarter. First Trust Advisors LP raised its position in Cornerstone OnDemand by 4.6% in the first quarter. First Trust Advisors LP now owns 1,228,904 shares of the software maker’s stock worth $47,792,000 after buying an additional 54,405 shares in the last quarter. Finally, State Street Corp raised its position in Cornerstone OnDemand by 3.4% in the first quarter. State Street Corp now owns 937,240 shares of the software maker’s stock worth $36,446,000 after buying an additional 30,638 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Shares of Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 0.09% during midday trading on Friday, reaching $34.22. 375,177 shares of the company’s stock were exchanged. The company’s market cap is $1.97 billion. The stock’s 50 day moving average price is $36.95 and its 200 day moving average price is $38.44. Cornerstone OnDemand, Inc. has a 12-month low of $30.31 and a 12-month high of $47.75.

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 Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. Cornerstone OnDemand’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Cornerstone OnDemand, Inc. will post $0.39 earnings per share for the current fiscal year.

WARNING: “Legato Capital Management LLC Buys Shares of 8,100 Cornerstone OnDemand, Inc. (CSOD)” was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/legato-capital-management-llc-takes-position-in-cornerstone-ondemand-inc-csod-updated-updated-updated.html.

A number of 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 reissued a “buy” rating and issued a $47.00 price target on shares of Cornerstone OnDemand in a report on Wednesday, August 9th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $46.00 price target (down from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, Credit Suisse Group raised shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and raised their price target for the company from $43.00 to $49.00 in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.43.

In related news, CEO Adam L. Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $40.69, for a total transaction of $1,220,700.00. Following the sale, the chief executive officer now directly owns 3,551,070 shares in the company, valued at $144,493,038.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Adam J. Weiss sold 5,786 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $34.46, for a total transaction of $199,385.56. The disclosure for this sale can be found here. Insiders have sold 93,820 shares of company stock worth $3,517,894 in the last three months. Corporate insiders own 12.60% of the company’s stock.

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.

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

Receive News & Ratings for Cornerstone OnDemand Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply