Will Cornerstone Ondemand Inc (NASDAQ:CSOD) Run Out of Steam Soon? Short Interest Is Down

February 24, 2018 - By Vivian Park

 Will Cornerstone Ondemand Inc (NASDAQ:CSOD) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.06, from 1.22 in 2017Q2. It increased, as 23 investors sold Cornerstone OnDemand, Inc. 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.
Water Island Capital Ltd Liability Company reported 60,000 shares stake. Moreover, Jana Prns Ltd Liability Co has 0.04% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Fmr Ltd Liability Corp holds 883,539 shares or 0% of its portfolio. California Public Employees Retirement accumulated 26,500 shares. Rhumbline Advisers accumulated 62,711 shares. Bnp Paribas Arbitrage Sa has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Palisade Ltd Liability Company Nj owns 694,245 shares for 1% of their portfolio. Barclays Public Ltd Liability Com owns 14,408 shares for 0% of their portfolio. Mutual Of America Capital Management holds 0.04% or 52,682 shares in its portfolio. Balyasny Asset Mgmt Ltd Com has invested 0.03% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). 59,481 are held by State Of Wisconsin Invest Board. 2.81 million are held by Rgm Capital Ltd Liability. Macquarie Group Inc Limited reported 47,049 shares. Edge Wealth Management Ltd holds 3,616 shares. Jane Street Lc has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since September 14, 2017, it had 0 buys, and 6 selling transactions for $2.75 million activity. Baker R C Mark sold $79,760 worth of stock or 2,000 shares. BURLINGAME HAROLD W sold $80,000 worth of stock.

The stock of Cornerstone Ondemand Inc (NASDAQ:CSOD) registered a decrease of 9.2% in short interest. CSOD’s total short interest was 3.05 million shares in February as published by FINRA. Its down 9.2% from 3.36M shares, reported previously. With 484,800 shares average volume, it will take short sellers 6 days to cover their CSOD’s short positions. The short interest to Cornerstone Ondemand Inc’s float is 7.42%.

The stock increased 1.97% or $0.8 during the last trading session, reaching $41.32. About 189,838 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since February 24, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Cornerstone OnDemand, Inc., together with its subsidiaries, provides human capital management software through software-as-a-service model worldwide. The company has market cap of $2.39 billion. The Company’s products suite includes recruiting suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; learning suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; performance suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and human resource administration suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting. It currently has negative earnings. The firm also offers Cornerstone Growth Edition, a cloud learning and talent management solution for organizations with 250 or fewer employees; and Cornerstone Edge solutions that allow clients and partners to integrate with marketplace of service providers.

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. Wunderlich maintained the stock with “Buy” rating in Friday, November 4 report. FBR Capital maintained it with “Buy” rating and $46.0 target in Thursday, November 9 report. JP Morgan maintained it with “Neutral” rating and $38 target in Wednesday, February 14 report. Stephens upgraded the stock to “Overweight” rating in Wednesday, August 5 report. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Overweight” rating given on Friday, September 2 by Piper Jaffray. The rating was initiated by Goldman Sachs with “Buy” on Monday, May 23. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Neutral” rating given on Friday, November 4 by UBS. The firm earned “Hold” rating on Wednesday, November 8 by J.P. Morgan. The rating was downgraded by Needham on Friday, November 4 to “Buy”.

More important recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Businesswire.com which released: “Cornerstone OnDemand Names Adrianna Burrows as Chief Marketing Officer” on February 14, 2018, also Seekingalpha.com published article titled: “Cornerstone OnDemand: Growing Again?”, Seekingalpha.com published: “Cornerstone OnDemand’s (CSOD) CEO Adam Miller on Q4 2017 Results – Earnings …” on February 14, 2018. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was released by: Seekingalpha.com and their article: “Cornerstone OnDemand: At A Turning Point” with publication date: November 10, 2017.

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