Is Selling Stock Like Cornerstone OnDemand, Inc. (CSOD) After This Multiple Bottom Winning Strategy?

December 8, 2017 - By Maria Brooks

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.08, from 1.14 in 2017Q1. It improved, as 32 investors sold Cornerstone OnDemand, Inc. shares while 37 reduced holdings. 24 funds opened positions while 60 raised stakes. 50.39 million shares or 3.42% more from 48.72 million shares in 2017Q1 were reported.
Swiss Bancorp has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Eagle Asset Mgmt has 2.12M shares for 0.46% of their portfolio. 12,986 were accumulated by Pub Employees Retirement Association Of Colorado. Royal Fincl Bank Of Canada has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 670 shares. Washington Mngmt invested in 7,000 shares or 0.28% of the stock. Renaissance Techs Lc has invested 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Bnp Paribas Arbitrage Sa reported 6,475 shares or 0% of all its holdings. Millennium Mgmt Limited Liability has invested 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Davidson Kempner Capital Limited Partnership reported 42,810 shares stake. 59,481 were reported by State Of Wisconsin Invest Board. Sei Invests stated it has 141,551 shares. Ontario – Canada-based Bancorporation Of Montreal Can has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Blackrock holds 3.83M shares. Brandywine Managers Limited Liability Com has 0.16% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). California Public Employees Retirement reported 26,900 shares.

The stock of Cornerstone OnDemand, Inc. (CSOD) shows a multiple bottoms pattern with $32.72 target or 8.00 % below today’s $35.56 share price. The 8 months chart pattern indicates high risk for the $2.06B company. It was reported on Dec, 8 by Finviz.com. If the $32.72 price target is reached, the company will be worth $164.72M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.59% or $0.21 during the last trading session, reaching $35.56. About 525,000 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since December 8, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Analysts await Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings on February, 12. They expect $-0.08 EPS, up 68.00 % or $0.17 from last year’s $-0.25 per share. After $-0.18 actual EPS reported by Cornerstone OnDemand, Inc. for the previous quarter, Wall Street now forecasts -55.56 % EPS growth.

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

Among 19 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. Cornerstone OnDemand had 47 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, March 7 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Buy” rating by Needham given on Friday, November 4. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Underweight” rating by Barclays Capital on Thursday, November 9. As per Tuesday, June 20, the company rating was downgraded by Barclays Capital. The firm earned “Buy” rating on Friday, August 5 by Wunderlich. The firm has “Buy” rating given on Friday, November 4 by Wunderlich. The rating was initiated by Wunderlich with “Buy” on Thursday, February 18. The firm has “Buy” rating given on Friday, November 10 by B. Riley & Co. FBR Capital maintained it with “Mkt Perform” rating and $38 target in Friday, August 7 report. UBS downgraded the shares of CSOD in report on Friday, November 4 to “Neutral” rating.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Reuters.com which released: “BRIEF-RGM Capital Reports 5.28 Pct Stake In Cornerstone Ondemand” on December 05, 2017, also Wsj.com with their article: “Silver Lake, LinkedIn Invest $300 Million in Software Provider Cornerstone …” published on November 09, 2017, Businesswire.com published: “Cornerstone OnDemand Names Jeff Lautenbach as President of Global Field Operations” on December 06, 2017. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Seekingalpha.com and their article: “Cornerstone OnDemand: At A Turning Point” published on November 10, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Cornerstone OnDemand Inc., 33.3% Follow-Through …” with publication date: November 08, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.