Economy

CSOD Makes Bullish Cross Above Critical Moving Average

The total value of its holdings increased 49.9%.

A few notable investment firms have updated their holdings. Ameritas Investment Partners Inc. acquired a new position in Cornerstone OnDemand during the first quarter worth about $169,000.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD)'s market cap, the total dollar value of all of their outstanding shares, is 2336.55m. BNP Paribas Arbitrage SA boosted its position in shares of Cornerstone OnDemand by 530.5% in the 2nd quarter. Days to cover decreased -1.8 to 5.0 and the percentage of shorted shares is 0.08% as of August 15.

COPYRIGHT VIOLATION WARNING: This piece was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & global trademark & copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2017/09/15/soma-equity-partners-lp-has-8-91-million-holdings-in-cornerstone-ondemand-inc-csod.html. During the day, the stock price traveled from $34.55 to $40.06. Tensile Capital Management LLC claims 1,689,246 shares with a value of $60,391,000. The CFO now owns $4,464,520 of the stock per the Form 4 SEC filing. Also, CEO Adam L. Miller sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 27th. Following the sale, the chief operating officer now owns 90,343 shares of the company's stock, valued at approximately $3,113,219.78. The disclosure for this sale can be found here.

The volume of the particular stock is the shares bought and sold in a single trading day.

Several analysts have released their opinion on Cornerstone OnDemand, Inc. (NASDAQ:CSOD) recently. CFO Brian L. Swartz let go of 5,000 shares at an average price of $40.00 on Thursday the 20th. The stock had a trading volume of 1,132,021 shares. (CSOD) now has a value of $40.03 while the company's 52 week low is at $30.31, the shares dropped to the 52 week low on 11/04/16.

Shares are trading at $39.34 which is just a bit higher than $36.01, the 50 day moving average and just above the 200 day moving average of $37.57. (CSOD) is its Earnings per Share or EPS. Analysts expect next quarter's EPS will be $0.20 with next year's EPS anticipated to be $0.74. The business's revenue for the quarter was up 9.1% compared to the same quarter a year ago.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has been the object of insider selling activity recently. The count of Hold ratings in that period was 2. Piper Jaffray Companies restated an "overweight" rating and set a $46.00 price objective (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th.

On July 19 the stock rating was upgraded from "Neutral" to "Outperform" by Credit Suisse. On July 14 the company was changed to "Strong Buy" according to a Needham report which is up from the previous "Neutral" rating. -15.05% away from the high and 32.63% from the low.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Whereas 7 of them predict the stock is a hold.

Cornerstone OnDemand, Inc is a cloud computing company.

Market Capitalization can be thought of as the overall price to buy the company. 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.



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