Are Cornerstone OnDemand (NASDAQ:CSOD) Shares Worth Your Time and Dime Following Recent Barclays Downgrade?

June 20, 2017 - By Michael Collier

 Are Cornerstone OnDemand (NASDAQ:CSOD) Shares Worth Your Time and Dime Following Recent Barclays Downgrade?

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.22, from 1.12 in 2016Q3. It turned negative, as 46 investors sold Cornerstone OnDemand, Inc. shares while 53 reduced holdings. 35 funds opened positions while 54 raised stakes. 50.18 million shares or 2.35% more from 49.03 million shares in 2016Q3 were reported.

Royal Comml Bank Of Canada, a Ontario – Canada-based fund reported 3,742 shares. Principal Gp, a Iowa-based fund reported 7,115 shares. Neuberger Berman Gp Ltd Liability owns 7,177 shares for 0% of their portfolio. The New York-based Morgan Stanley has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Vanguard Grp reported 3.86 million shares. 49,524 were reported by Susquehanna Int Gru Llp. Credit Suisse Ag owns 749,994 shares. Bnp Paribas Arbitrage Sa holds 3,622 shares or 0% of its portfolio. Ameriprise Fincl owns 59,223 shares or 0% of their US portfolio. Oz Limited Partnership holds 113,797 shares or 0.03% of its portfolio. Rgm Capital Ltd Liability Corp invested in 7.28% or 1.58 million shares. Moreover, Weiss Multi has 0.11% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Kalmar Invests De holds 0.34% or 154,020 shares in its portfolio. Paradigm Asset Mngmt Com Limited Liability Company holds 1,800 shares or 0% of its portfolio. Moreover, Allianz Asset Management Ag has 0.03% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 705,257 shares.

Since January 17, 2017, it had 0 buys, and 8 sales for $3.09 million activity. BURLINGAME HAROLD W also sold $40,250 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares. The insider Swartz Brian L sold 15,527 shares worth $618,586. $2.12M worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Belliveau Vincent on Thursday, February 16.

Cornerstone OnDemand (NASDAQ:CSOD) Receives a Downgrade

Barclays has given Cornerstone OnDemand (NASDAQ:CSOD) shares a new Underweight rating in an analyst note shared with investors on Tuesday morning. This was a downgrade from the last Equal-Weight rating.

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.22, from 1.12 in 2016Q3. It turned negative, as 46 investors sold Cornerstone OnDemand, Inc. shares while 53 reduced holdings. 35 funds opened positions while 54 raised stakes. 50.18 million shares or 2.35% more from 49.03 million shares in 2016Q3 were reported.

Royal Comml Bank Of Canada, a Ontario – Canada-based fund reported 3,742 shares. Principal Gp, a Iowa-based fund reported 7,115 shares. Neuberger Berman Gp Ltd Liability owns 7,177 shares for 0% of their portfolio. The New York-based Morgan Stanley has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Vanguard Grp reported 3.86 million shares. 49,524 were reported by Susquehanna Int Gru Llp. Credit Suisse Ag owns 749,994 shares. Bnp Paribas Arbitrage Sa holds 3,622 shares or 0% of its portfolio. Ameriprise Fincl owns 59,223 shares or 0% of their US portfolio. Oz Limited Partnership holds 113,797 shares or 0.03% of its portfolio. Rgm Capital Ltd Liability Corp invested in 7.28% or 1.58 million shares. Moreover, Weiss Multi has 0.11% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Kalmar Invests De holds 0.34% or 154,020 shares in its portfolio. Paradigm Asset Mngmt Com Limited Liability Company holds 1,800 shares or 0% of its portfolio. Moreover, Allianz Asset Management Ag has 0.03% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 705,257 shares.

Since January 17, 2017, it had 0 buys, and 8 sales for $3.09 million activity. BURLINGAME HAROLD W also sold $40,250 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares. The insider Swartz Brian L sold 15,527 shares worth $618,586. $2.12M worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Belliveau Vincent on Thursday, February 16.

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

Among 16 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. Cornerstone OnDemand has $54 highest and $31 lowest target. $42.07’s average target is 18.61% above currents $35.47 stock price. Cornerstone OnDemand had 31 analyst reports since August 5, 2015 according to SRatingsIntel. Needham downgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Friday, November 4. Needham has “Buy” rating and $43 target. As per Tuesday, June 20, the company rating was downgraded by Barclays Capital. The rating was initiated by Piper Jaffray on Friday, September 2 with “Overweight”. As per Thursday, July 30, the company rating was maintained by Needham. The firm has “Buy” rating by Wunderlich given on Friday, November 4. The rating was downgraded by Barclays Capital on Wednesday, January 6 to “Underweight”. The rating was upgraded by Stephens on Wednesday, August 5 to “Overweight”. Wunderlich initiated Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, February 18 with “Buy” rating. The stock has “Overweight” rating by First Analysis on Friday, July 1. FBR Capital maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, February 11 with “Outperform” rating.

About 94,186 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since June 20, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Analysts expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report $-0.19 EPS on August, 3.They anticipate $0.05 EPS change or 20.83 % from last quarter’s $-0.24 EPS. After having $-0.20 EPS previously, Cornerstone OnDemand, Inc.’s analysts see -5.00 % EPS growth.

Cornerstone OnDemand, Inc. is a cloud computing company. The company has market cap of $2.02 billion. The Firm provides learning and human capital management software, delivered as Software-as-a-Service . It currently has negative earnings. The Company’s 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.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Seekingalpha.com which released: “Cornerstone OnDemand (CSOD) Q1 2017 Results – Earnings Call Transcript” on May 03, 2017, also Businesswire.com with their article: “Cornerstone OnDemand Names Winners of 2017 Client RAVE Awards” published on June 08, 2017, Nasdaq.com published: “Commit To Buy Cornerstone OnDemand At $32.50, Earn 12.3% Annualized Using Options” on June 15, 2017. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Seekingalpha.com and their article: “Cornerstone OnDemand (CSOD) Q4 2016 Results – Earnings Call Transcript” published on February 14, 2017 as well as Bloomberg.com‘s news article titled: “Cornerstone OnDemand Said to Mull Sale Under Activist Pressure” with publication date: December 09, 2016.

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