Tensile Capital Management LLC Decreased Its Holding in Cornerstone Ondemand INC (CSOD) by $6.49 Million

March 14, 2018 - By Nellie Frank

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.06, from 1.22 in 2017Q2. It improved, 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. Ahl Partners Ltd Liability Partnership reported 7,040 shares stake. Diker Mgmt Lc holds 0.24% or 14,800 shares. Schwab Charles Inv Mgmt Inc accumulated 252,540 shares or 0.01% of the stock. The California-based Tensile Limited Company has invested 11.8% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Federated Investors Pa holds 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 3,466 shares. Citadel Advsrs Lc has invested 0.02% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Mutual Of America Cap Ltd Liability has 0.04% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Highland Management LP has invested 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). 15,970 were reported by Brandywine Managers Ltd Limited Liability Company. Suffolk Capital Mngmt Limited Company holds 26,546 shares. Strs Ohio reported 700 shares. 33,006 are owned by Bancshares Of Montreal Can. Marshall Wace Llp holds 21,731 shares. Eminence LP has invested 3.6% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Prelude Capital Mngmt Ltd Liability holds 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 3,225 shares.

Since September 18, 2017, it had 0 insider buys, and 13 sales for $5.32 million activity. Baker R C Mark also sold $104,430 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares. Shares for $990,822 were sold by Miller Adam L on Monday, September 18. Goldin Mark sold $116,785 worth of stock. The insider Helvey Kirsten Maas sold 2,694 shares worth $116,785. 13,154 shares were sold by Swartz Brian L, worth $574,366 on Tuesday, March 6. Shares for $301,629 were sold by Carter David Joseph on Tuesday, March 6.

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 $62.01 million, down from 1.69M 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 Names Adrianna Burrows as Chief Marketing Officer” on February 14, 2018, also Seekingalpha.com with their article: “Cornerstone OnDemand: Growing Again?” published on February 19, 2018, Gurufocus.com published: “Cornerstone OnDemand Inc (CSOD) Files 10-K for the Fiscal Year Ended on …” on February 27, 2018. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Prnewswire.com and their article: “Application Software Stocks’ Research Reports Released on China Information …” published on March 14, 2018 as well as Businesswire.com‘s news article titled: “Cornerstone OnDemand Continues to Bolster Management” with publication date: March 13, 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 company was downgraded on Thursday, November 9 by Piper Jaffray. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Overweight” rating given on Friday, July 1 by First Analysis. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Buy” rating by Needham on Friday, November 4. UBS maintained it with “Buy” rating and $50 target in Thursday, June 16 report. The firm earned “Overweight” rating on Friday, September 2 by Piper Jaffray. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Buy” rating by Piper Jaffray on Friday, August 4. The rating was maintained by Needham with “Strong Buy” on Thursday, July 30. As per Friday, November 10, the company rating was maintained by B. Riley & Co. The company was upgraded on Wednesday, November 8 by J.P. Morgan. The rating was downgraded by UBS to “Neutral” on Friday, November 4.

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