What’s Cornerstone OnDemand, Inc. Upside After Today’s Bullish Options Activity?

 What's Cornerstone OnDemand, Inc. Upside After Today's Bullish Options Activity?

In today’s session Cornerstone OnDemand, Inc. (CSOD) registered an unusually high (1,009) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CSOD increase. With 1,009 contracts traded and 634 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSOD161216C00037500 closed last at: $1.65 or 73.7% up. About 62,040 shares traded hands. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 13.42% since April 14, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

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

Out of 14 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. $54 is the highest target while $31 is the lowest. The $42.46 average target is 11.65% above today’s ($38.03) stock price. Cornerstone OnDemand has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Overweight” rating by Stephens on Wednesday, August 5. The rating was initiated by First Analysis with “Overweight” on Friday, July 1. The rating was initiated by Goldman Sachs on Monday, May 23 with “Buy”. As per Wednesday, January 13, the company rating was upgraded by FBR Capital. The rating was maintained by First Analysis on Tuesday, September 6 with “Overweight”. As per Friday, August 7, the company rating was upgraded by Credit Suisse. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 11. UBS maintained the stock with “Buy” rating in Thursday, June 16 report. Wunderlich maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Friday, August 5 with “Buy” rating. The rating was downgraded by UBS to “Neutral” on Friday, November 4.

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 Q2 2016. 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.
Amalgamated Bancorp last reported 0.01% of its portfolio in the stock. Huntington Bancorp reported 76 shares or 0% of all its holdings. The New York-based Mutual Of America Cap Management Ltd Liability has invested 0.05% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Moore Capital Mgmt L P holds 0.04% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 25,000 shares. Teachers Retirement Sys Of The State Of Kentucky owns 206,600 shares or 0.1% of their US portfolio. Moreover, Prudential Fincl has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 8,960 shares. Northern Trust, a Illinois-based fund reported 645,344 shares. Jpmorgan Chase has 826,844 shares for 0.01% of their US portfolio. Nuveen Asset Mgmt Lc has 0.02% invested in the company for 72,645 shares. Moreover, Walleye Trading Ltd Llc has 0.01% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 25,884 shares. North Run Cap L P accumulated 256,000 shares or 1.61% of the stock. Quantbot L P has 1,636 shares for 0.01% of their US portfolio. Century has 0% invested in the company for 98,794 shares. Nokota Mngmt Limited Partnership holds 0.45% or 316,364 shares in its portfolio. Cubist Systematic Strategies Ltd Limited Liability Company reported 46,567 shares or 0.1% of all its holdings.

Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 9 sales for $2.34 million net activity. Goldin Mark also sold $181,563 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Tuesday, August 9. Weiss Adam J. sold 4,129 shares worth $157,150. $239,948 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Baker R C Mark on Tuesday, June 14. Another trade for 2,500 shares valued at $110,000 was made by Helvey Kirsten Maas on Tuesday, August 30. $730,670 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Carter David Joseph.

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 $2.27 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 recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Fortune.com which released: “Cornerstone OnDemand” on January 26, 2016. Also Businesswire.com published the news titled: “Cornerstone OnDemand Names Brian L. Swartz as Chief Financial Officer” on May 04, 2016. Businesswire.com‘s news article titled: “Cornerstone OnDemand to Present at Upcoming Investor Conferences” with publication date: November 11, 2016 was also an interesting one.

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