Tensile Capital Management LLC Stake in Cornerstone Ondemand INC (CSOD) Has Lowered by $6.49 Million as Stock Price Declined

March 14, 2018 - By Vivian Park

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.06, from 1.22 in 2017Q2. It is positive, as 23 investors sold CSOD shares while 41 reduced holdings. 31 funds opened positions while 51 raised stakes. 52.04 million shares or 3.28% more from 50.39 million shares in 2017Q2 were reported. Walleye Trading Limited Com reported 24,011 shares. Deutsche National Bank Ag, Germany-based fund reported 719,959 shares. Rgm Limited Co reported 2.81 million shares. Metropolitan Life Insurance New York reported 34,578 shares. Ameritas Investment Partners Inc owns 4,572 shares or 0.01% of their US portfolio. Moreover, Royal Commercial Bank Of Canada has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 5,024 shares. California State Teachers Retirement holds 83,359 shares or 0.01% of its portfolio. State Board Of Administration Of Florida Retirement reported 37,573 shares. Tiaa Cref Inv Management invested in 184,327 shares or 0.01% of the stock. Sei Company holds 0.02% or 155,935 shares. Voya Invest Mgmt Llc owns 517,053 shares for 0.05% of their portfolio. Praesidium Inv Mngmt Limited Liability Corp has 9.54% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 2.88M shares. Pnc Fincl Svcs Inc has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Employees Retirement Association Of Colorado holds 0% or 11,894 shares. The New Jersey-based Palisade Capital Lc Nj has invested 1% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since September 18, 2017, it had 0 buys, and 13 sales for $5.32 million activity. On Tuesday, March 6 the insider Weiss Adam J. sold $95,413. Swartz Brian L sold $574,366 worth of stock or 13,154 shares. Carter David Joseph sold $301,629 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Tuesday, March 6. $265,396 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Miller Adam L. 2,694 shares valued at $116,785 were sold by Goldin Mark on Tuesday, March 6. The insider Helvey Kirsten Maas sold 2,694 shares worth $116,785.

Douglas Dossey decreased its stake in Cornerstone Ondemand Inc (CSOD) by 9.61% based on its latest 2017Q3 regulatory filing with the SEC. Tensile Capital Management Llc sold 162,254 shares as the company’s stock declined 14.40% while stock markets rallied. The hedge fund run by Douglas Dossey held 1.53M shares of the technology company at the end of 2017Q3, valued at $62.01M, down from 1.69 million at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Cornerstone Ondemand Inc for a number of months, seems to be less bullish one the $2.61B market cap company. The stock increased 2.33% or $1.04 during the last trading session, reaching $45.58. About 386,738 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since March 14, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Analysts await Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings on May, 1. They expect $-0.18 EPS, up 10.00 % or $0.02 from last year’s $-0.2 per share. After $-0.05 actual EPS reported by Cornerstone OnDemand, Inc. for the previous quarter, Wall Street now forecasts 260.00 % negative EPS growth.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Businesswire.com which released: “Cornerstone OnDemand Continues to Bolster Management” on March 13, 2018, also Prnewswire.com with their article: “Application Software Stocks’ Research Reports Released on China Information …” published on March 14, 2018, Businesswire.com published: “Cornerstone OnDemand Names Adrianna Burrows as Chief Marketing Officer” on February 14, 2018. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Gurufocus.com and their article: “Cornerstone OnDemand Inc (CSOD) Files 10-K for the Fiscal Year Ended on …” published on February 27, 2018 as well as Seekingalpha.com‘s news article titled: “Cornerstone OnDemand: Growing Again?” with publication date: February 19, 2018.

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

Among 19 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Cornerstone OnDemand had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Tuesday, June 20 by Barclays Capital. The rating was maintained by Needham with “Strong Buy” on Thursday, July 30. The company was maintained on Friday, November 10 by B. Riley & Co. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Outperform” rating by Credit Suisse on Thursday, February 11. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Neutral” rating by JP Morgan on Wednesday, February 14. FBR Capital upgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Wednesday, January 13. FBR Capital has “Outperform” rating and $42.0 target. On Friday, August 7 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Buy” rating given on Thursday, November 9 by FBR Capital. As per Thursday, June 16, the company rating was maintained by UBS. First Analysis initiated Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Friday, July 1. First Analysis has “Overweight” rating and $50 target.

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