Teacher Retirement System of Texas increased its position in Cornerstone OnDemand Inc. (NASDAQ:CSOD) by 21.0% during the second quarter, Holdings Channel reports. The firm owned 7,274 shares of the company’s stock after buying an additional 1,261 shares during the period. Teacher Retirement System of Texas’ holdings in Cornerstone OnDemand were worth $277,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Cornerstone OnDemand by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 219,628 shares of the company’s stock worth $7,197,000 after buying an additional 44,342 shares during the period. BlackRock Inc. boosted its position in Cornerstone OnDemand by 151.9% in the first quarter. BlackRock Inc. now owns 3,836 shares of the company’s stock worth $126,000 after buying an additional 2,313 shares during the last quarter. BlackRock Group LTD boosted its position in Cornerstone OnDemand by 13.6% in the first quarter. BlackRock Group LTD now owns 35,856 shares of the company’s stock worth $1,175,000 after buying an additional 4,304 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Cornerstone OnDemand during the first quarter worth about $1,063,000. Finally, Menta Capital LLC boosted its position in Cornerstone OnDemand by 32.1% in the first quarter. Menta Capital LLC now owns 11,316 shares of the company’s stock worth $371,000 after buying an additional 2,750 shares during the last quarter. 90.53% of the stock is owned by institutional investors and hedge funds.
Shares of Cornerstone OnDemand Inc. (NASDAQ:CSOD) opened at 39.80 on Friday. The company’s market cap is $2.23 billion. Cornerstone OnDemand Inc. has a 1-year low of $22.25 and a 1-year high of $47.75. The firm has a 50-day moving average price of $44.79 and a 200 day moving average price of $40.54.
A number of research firms have issued reports on CSOD. Needham & Company LLC reissued a “strong-buy” rating and issued a $52.00 target price on shares of Cornerstone OnDemand in a research note on Monday, October 10th. First Analysis boosted their target price on Cornerstone OnDemand from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Piper Jaffray Cos. began coverage on Cornerstone OnDemand in a research note on Thursday, September 1st. They issued an “overweight” rating and a $53.00 target price for the company. Zacks Investment Research raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, B. Riley reissued a “buy” rating and issued a $50.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.60.
In other Cornerstone OnDemand news, insider David Joseph Carter sold 8,820 shares of Cornerstone OnDemand stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $43.97, for a total transaction of $387,815.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Goldin sold 4,062 shares of Cornerstone OnDemand stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $44.70, for a total value of $181,571.40. Following the transaction, the insider now owns 60,511 shares of the company’s stock, valued at approximately $2,704,841.70. The disclosure for this sale can be found here. 12.60% of the stock is owned by insiders.
Cornerstone OnDemand Company Profile
Cornerstone OnDemand, Inc (Cornerstone) is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics.
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