Noteworthy Price Action: After Today’s Huge Decline, Is Cornerstone OnDemand, Inc.’s Near-Term Analysis Negative?

Noteworthy Price Action: After Today's Huge Decline, Is Cornerstone OnDemand, Inc.'s Near Term Analysis Negative?

The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is a huge mover today! About 5.67 million shares traded hands or 1060.45% up from the average. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 17.99% since April 4, 2016 and is uptrending. It has outperformed by 16.90% the S&P500.
The move comes after 6 months negative chart setup for the $1.68 billion company. It was reported on Nov, 4 by Barchart.com. We have $29.80 PT which if reached, will make NASDAQ:CSOD worth $84.00M less.

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

Out of 14 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Cornerstone OnDemand has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, January 6 by Barclays Capital. The company was initiated on Friday, July 1 by First Analysis. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Buy” rating by Needham on Friday, November 4. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Buy” rating given on Thursday, June 16 by UBS. The firm has “Overweight” rating by Stephens given on Wednesday, August 5. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Mkt Perform” rating given on Friday, August 7 by FBR Capital. Credit Suisse downgraded the shares of CSOD in a report on Friday, November 4 to “Neutral” rating. The firm has “Buy” rating by Wunderlich given on Thursday, February 18. The company was maintained on Tuesday, September 6 by First Analysis. Needham maintained it with “Strong Buy” rating and $45 target price in Thursday, July 30 report.

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.
Blackrock Institutional Trust Na holds 1.24M shares or 0.01% of its portfolio. Envestnet Asset Management Incorporated holds 0% or 2,971 shares in its portfolio. Credit Agricole S A has 0% invested in the company for 13,300 shares. Parametric Associate Limited Company accumulated 232,325 shares or 0.01% of the stock. Moreover, Blackrock Investment Limited Liability Com has 0.01% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 189,356 shares. Nokota Limited Partnership has 316,364 shares for 0.45% of their US portfolio. Moreover, Hutchin Hill Cap Ltd Partnership has 0.02% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 11,868 shares. Caisse De Depot Et Placement Du Quebec owns 195,000 shares or 0.02% of their US portfolio. Tocqueville Asset Limited Partnership has 0.01% invested in the company for 20,425 shares. Visium Asset Mgmt Lp has 1.06% invested in the company for 397,746 shares. Hanseatic Serv has invested 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Moreover, Falcon Point Limited Liability Company has 2.39% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 363,041 shares. Moreover, Fdx Advsrs has 0.01% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 5,782 shares. Barclays Public Ltd Company holds 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 11,824 shares. Eaton Vance, a Massachusetts-based fund reported 82,500 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 10 sales for $2.47 million net activity. On Wednesday, May 18 Weiss Adam J. sold $111,002 worth of the stock or 3,000 shares. $730,670 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares were sold by Carter David Joseph. 2,500 Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares with value of $110,000 were sold by Helvey Kirsten Maas. $239,948 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares were sold by Baker R C Mark. Shares for $181,563 were sold by Goldin Mark.

More important recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Businesswire.com which released: “Cornerstone OnDemand Announces Third Quarter 2016 Financial Results” on November 03, 2016, also Fortune.com published article titled: “Cornerstone OnDemand”, Seekingalpha.com published: “Cornerstone OnDemand: Credit Suisse lowers rating, PT” on November 04, 2016. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was released by: Businesswire.com and their article: “Cornerstone OnDemand Names Brian L. Swartz as Chief Financial Officer” with publication date: May 04, 2016.

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.

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