Could Cornerstone OnDemand, Inc. Change Direction After Today’s Bullish Options Activity?

 Could Cornerstone OnDemand, Inc. Change Direction After Today's Bullish Options Activity?

In today’s session Cornerstone OnDemand, Inc. (CSOD) registered an unusually high (905) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CSOD increase. With 905 contracts traded and 58254 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSOD161118C00045000 closed last at: $0.95 or 58.3% up. About 109,712 shares traded hands. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 26.57% since March 30, 2016 and is uptrending. It has outperformed by 23.56% the S&P500.

Analysts await Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings on November, 3. They expect $-0.26 earnings per share, up 7.14% or $0.02 from last year’s $-0.28 per share. After $-0.24 actual earnings per share reported by Cornerstone OnDemand, Inc. for the previous quarter, Wall Street now forecasts 8.33% negative EPS growth.

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

Out of 13 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 12 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Cornerstone OnDemand has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 5 by Wunderlich. The firm earned “Buy” rating on Thursday, June 16 by UBS. The rating was upgraded by Stephens to “Overweight” on Wednesday, August 5. Credit Suisse maintained it with “Outperform” rating and $31 target price in Thursday, February 11 report. On Thursday, July 30 the stock rating was maintained by Needham with “Strong Buy”. Goldman Sachs initiated Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Monday, May 23. Goldman Sachs has “Buy” rating and $43 price target. The firm earned “Underweight” rating on Wednesday, January 6 by Barclays Capital. FBR Capital upgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Wednesday, January 13. FBR Capital has “Outperform” rating and $42.0 price target. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Mkt Perform” rating given on Friday, August 7 by FBR Capital. The rating was maintained by First Analysis with “Overweight” on Tuesday, September 6.

According to Zacks Investment Research, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California.”

Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.24, from 0.84 in 2016Q1. The ratio is positive, as 12 funds sold all Cornerstone OnDemand, Inc. shares owned while 64 reduced positions. 43 funds bought stakes while 39 increased positions. They now own 49.06 million shares or 1.64% less from 49.88 million shares in 2016Q1.
Tcs Capital Mgmt Ltd Llc accumulated 2.72% or 119,000 shares. Fred Alger Management Inc has invested 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Telemus Capital Lc accumulated 0.69% or 146,212 shares. Tiaa Cref Investment Mgmt Llc holds 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 231,939 shares. Edge Wealth Management Ltd has 0.06% invested in the company for 3,766 shares. Blackrock Investment Mgmt Limited Liability Co has invested 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Wells Fargo & Mn last reported 0.02% of its portfolio in the stock. The Illinois-based First Limited Partnership has invested 0.11% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Jennison Assocs Limited Liability Corporation last reported 1.56M shares in the company. Secor Advisors Limited Partnership has invested 0.52% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Columbus Circle last reported 0.01% of its portfolio in the stock. Aqr Mgmt Limited Liability Com has 0% invested in the company for 9,700 shares. Eagle Asset Mgmt Inc accumulated 1.28 million shares or 0.34% of the stock. Cubist Systematic Strategies Limited Liability Company owns 46,567 shares or 0.1% of their US portfolio. Fmr Ltd Liability has 0.02% invested in the company for 3.35M shares.

Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 10 insider sales for $2.47 million net activity. 5,706 shares were sold by Baker R C Mark, worth $239,948. Shares for $387,789 were sold by Carter David Joseph. 3,000 shares with value of $111,002 were sold by Weiss Adam J. on Wednesday, May 18. Shares for $279,864 were sold by Helvey Kirsten Maas on Friday, September 2. 4,062 shares were sold by Goldin Mark, worth $181,563 on Tuesday, August 9.

Cornerstone OnDemand, Inc. is a well-known provider of talent management solutions delivered as Software-as-a-Service (SaaS). The company has a market cap of $2.32 billion. Cornerstone’s Enterprise and Mid-Market solution is a cloud suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. It currently has negative earnings. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics.

CSOD Company Profile

Cornerstone OnDemand, Inc. (Cornerstone), incorporated on May 24, 1999, is a well-known provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics. The platform also helps manage business execution through integrating with an organization’s extended enterprise of clients, vendors and distributors by delivering training, certification programs and other content. The Firm also offers Cornerstone for Salesforce and Cornerstone Growth Edition. Cornerstone for Salesforce is a cloud learning solution developed on the Salesforce.com platform. Cornerstone for Salesforce allows organizations to provide access to sales enablement and just-in-time training embedded within Salesforce. Cornerstone Growth Edition is a cloud learning and talent management solution targeted to organizations. The Company’s clients include multi-national firms, large domestic and foreign enterprises, mid-market companies, public sector organizations, healthcare providers, higher education institutions, and non-profit entities. It sells its solutions domestically and internationally through both direct and indirect channels, including direct sales teams throughout North and South America, Europe, and Asia-Pacific and distributor relationships with payroll companies, human resource consultancies and global system integrators.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Fortune.com which released: “Cornerstone OnDemand” on January 26, 2016, also Businesswire.com with their article: “Cornerstone OnDemand Names Brian L. Swartz as Chief Financial Officer” published on May 04, 2016, Businesswire.com published: “Cornerstone OnDemand Announces Los Angeles Rams Homecoming Partnership” on September 12, 2016. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Businesswire.com and their article: “Electrolux Broadens Relationship with Cornerstone OnDemand for Global Talent …” published on October 18, 2016 as well as Businesswire.com‘s news article titled: “Cornerstone OnDemand to Present at Upcoming Investor Conferences” with publication date: September 01, 2016.

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