Cornerstone Ondemand (NASDAQ:CSOD) Just Hit With Downgrade From Piper Jaffray. Will Other Analysts Also Downgrade the Stock?

February 15, 2018 - By Adrian Mccoy

  Cornerstone Ondemand (NASDAQ:CSOD) Just Hit With Downgrade From Piper Jaffray. Will Other Analysts Also Downgrade the Stock?

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.06, from 1.22 in 2017Q2. It improved, 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.

Jpmorgan Chase owns 194,989 shares or 0% of their US portfolio. Eagle Asset Mgmt Incorporated accumulated 2.22M shares. California Pub Employees Retirement System has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 26,500 shares. The France-based Natixis has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Trexquant Invest L P invested in 5,657 shares or 0.06% of the stock. Susquehanna Limited Liability Partnership invested in 50,974 shares or 0% of the stock. Symphony Asset Management Ltd Liability Com has 24,400 shares for 0.11% of their portfolio. The New York-based Sg Americas Secs Lc has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Citadel Advsrs Limited Liability Company reported 0.02% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Alyeska Invest Grp Limited Partnership stated it has 1.03M shares or 0.34% of all its holdings. Rhumbline Advisers reported 0.01% stake. Price T Rowe Incorporated Md holds 68,082 shares. The Delaware-based Brandywine Managers Ltd Liability has invested 0.19% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Bancorporation Of Montreal Can owns 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 33,006 shares. Invesco has invested 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since August 21, 2017, it had 0 insider purchases, and 7 sales for $2.79 million activity. Baker R C Mark sold 1,000 shares worth $34,120. BURLINGAME HAROLD W also sold $80,000 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, September 14.

Cornerstone Ondemand (NASDAQ:CSOD) Receives a Downgrade

In an analyst note sent to investors and clients on Thursday morning, equity research analysts at Piper Jaffray’s equity research division downgraded the rating for shares of Cornerstone Ondemand (NASDAQ:CSOD) to a Hold. They now have a key target of $40.0 on CSOD shares, equating to -1.04 % more downside.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.06, from 1.22 in 2017Q2. It improved, 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.

Jpmorgan Chase owns 194,989 shares or 0% of their US portfolio. Eagle Asset Mgmt Incorporated accumulated 2.22M shares. California Pub Employees Retirement System has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 26,500 shares. The France-based Natixis has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Trexquant Invest L P invested in 5,657 shares or 0.06% of the stock. Susquehanna Limited Liability Partnership invested in 50,974 shares or 0% of the stock. Symphony Asset Management Ltd Liability Com has 24,400 shares for 0.11% of their portfolio. The New York-based Sg Americas Secs Lc has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Citadel Advsrs Limited Liability Company reported 0.02% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Alyeska Invest Grp Limited Partnership stated it has 1.03M shares or 0.34% of all its holdings. Rhumbline Advisers reported 0.01% stake. Price T Rowe Incorporated Md holds 68,082 shares. The Delaware-based Brandywine Managers Ltd Liability has invested 0.19% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Bancorporation Of Montreal Can owns 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 33,006 shares. Invesco has invested 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since August 21, 2017, it had 0 insider purchases, and 7 sales for $2.79 million activity. Baker R C Mark sold 1,000 shares worth $34,120. BURLINGAME HAROLD W also sold $80,000 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, September 14.

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 has $54 highest and $31 lowest target. $42’s average target is 3.92% above currents $40.415 stock price. Cornerstone OnDemand had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, October 16 with “Hold”. The rating was downgraded by UBS on Friday, November 4 to “Neutral”. Wunderlich maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Friday, August 5 with “Buy” rating. Wunderlich initiated Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, February 18 with “Buy” rating. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Overweight” rating given on Wednesday, August 5 by Stephens. Piper Jaffray initiated the shares of CSOD in report on Friday, September 2 with “Overweight” rating. Needham downgraded the shares of CSOD in report on Friday, November 4 to “Buy” rating. FBR Capital maintained the stock with “Buy” rating in Thursday, November 9 report. The firm earned “Strong Buy” rating on Friday, July 14 by Needham. The rating was downgraded by Credit Suisse to “Neutral” on Friday, November 4.

The stock increased 3.36% or $1.315 during the last trading session, reaching $40.415. About 476,442 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since February 15, 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 $2.34 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.

More recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Benzinga.com which released: “BofA: Cornerstone OnDemand To Benefit From Improved Execution, Operational …” on January 22, 2018. Also Businesswire.com published the news titled: “Cornerstone OnDemand Announces Corporate Governance Changes” on January 17, 2018. Businesswire.com‘s news article titled: “Cornerstone OnDemand Names Adrianna Burrows as Chief Marketing Officer” with publication date: February 14, 2018 was also an interesting one.

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