Follow The Short Interest: Cornerstone Ondemand Incorporated (NASDAQ:CSOD) Can’t Be More Risky. Short Interest Increased

November 29, 2016 - By Pete Kolinski   ·   0 Comments

Follow The Short Interest: Cornerstone Ondemand Incorporated (NASDAQ:CSOD) Can't Be More Risky. Short Interest Increased

The stock of Cornerstone Ondemand Incorporated (NASDAQ:CSOD) registered an increase of 25.5% in short interest. CSOD’s total short interest was 2.96M shares in November as published by FINRA. Its up 25.5% from 2.36M shares, reported previously. With 417,500 shares average volume, it will take short sellers 7 days to cover their CSOD’s short positions. The short interest to Cornerstone Ondemand Incorporated’s float is 6.21%. About 126,052 shares traded hands. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 8.24% since April 26, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.

Cornerstone OnDemand, Inc. is a well-known provider of talent management solutions delivered as Software-as-a-Service (SaaS). The company has a market cap of $2.03 billion. Cornerstone’s Enterprise and Mid-Market solution is a cloud suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. It currently has negative earnings. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics.

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.04, from 1.08 in 2016Q1. The ratio improved, as 12 funds sold all Cornerstone OnDemand, Inc. shares owned while 64 reduced positions. 43 funds bought stakes while 39 increased positions. They now own 49.06 million shares or 1.64% less from 49.88 million shares in 2016Q1.
Macquarie Limited has invested 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Gsa Capital Ptnrs Limited Liability Partnership reported 7,005 shares or 0.01% of all its holdings. American Century Companies Inc holds 98,794 shares or 0% of its portfolio. Checchi Advisers Ltd Limited Liability Company, a California-based fund reported 9 shares. Moreover, Da Davidson And has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 3,899 shares. State Street Corp reported 872,705 shares or 0% of all its holdings. Hanseatic Mgmt Inc last reported 0% of its portfolio in the stock. Fincl Bank Of America Corporation De has 0% invested in the company for 366,701 shares. Alliancebernstein L P holds 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 90,400 shares. Aperio Gru Ltd Liability Com last reported 0% of its portfolio in the stock. Jefferies Grp Inc Ltd Llc has 20,854 shares for 0% of their US portfolio. Brown Brothers Harriman, a New York-based fund reported 121 shares. Moreover, Ameriprise Financial has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 115,297 shares. Frontier Cap Communications Limited Liability Company has 261,704 shares for 0.08% of their US portfolio. Bnp Paribas Arbitrage Sa accumulated 1,948 shares or 0% of the stock.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 8 selling transactions for $1.61 million net activity. $239,948 worth of shares were sold by Baker R C Mark on Tuesday, June 14. 4,062 shares were sold by Goldin Mark, worth $181,563. Helvey Kirsten Maas sold $110,000 worth of stock. 8,820 shares were sold by Carter David Joseph, worth $387,789 on Friday, August 26. Weiss Adam J. also sold $157,150 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Friday, July 1.

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

Out of 14 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. Cornerstone OnDemand has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 5 by Stephens. The firm earned “Buy” rating on Thursday, February 18 by Wunderlich. Goldman Sachs initiated the stock with “Buy” rating in Monday, May 23 report. On Friday, November 4 the stock rating was downgraded by Needham to “Buy”. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Overweight” rating by Piper Jaffray on Friday, September 2. Credit Suisse downgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Friday, November 4 to “Neutral” rating. Wunderlich maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Friday, November 4 with “Buy” rating. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Overweight” rating given on Friday, July 1 by First Analysis. On Friday, August 7 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was maintained on Thursday, February 11 by FBR Capital.

CSOD Company Profile

Cornerstone OnDemand, Inc. (Cornerstone), incorporated on May 24, 1999, is a well-known provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics. The platform also helps manage business execution through integrating with an organization’s extended enterprise of clients, vendors and distributors by delivering training, certification programs and other content. The Firm also offers Cornerstone for Salesforce and Cornerstone Growth Edition. Cornerstone for Salesforce is a cloud learning solution developed on the Salesforce.com platform. Cornerstone for Salesforce allows organizations to provide access to sales enablement and just-in-time training embedded within Salesforce. Cornerstone Growth Edition is a cloud learning and talent management solution targeted to organizations. The Company’s clients include multi-national firms, large domestic and foreign enterprises, mid-market companies, public sector organizations, healthcare providers, higher education institutions, and non-profit entities. It sells its solutions domestically and internationally through both direct and indirect channels, including direct sales teams throughout North and South America, Europe, and Asia-Pacific and distributor relationships with payroll companies, human resource consultancies and global system integrators.

More news for Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were recently published by: Fortune.com, which released: “Cornerstone OnDemand” on January 26, 2016. Businesswire.com‘s article titled: “Cornerstone OnDemand Names Brian L. Swartz as Chief Financial Officer” and published on May 04, 2016 is yet another important article.

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By Pete Kolinski


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