Metropolitan Life Insurance Co NY lessened its stake in shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 1.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,907 shares of the software maker’s stock after selling 275 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Cornerstone OnDemand were worth $926,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in Cornerstone OnDemand by 164.0% during the fourth quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after purchasing an additional 528 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Cornerstone OnDemand in the 1st quarter worth approximately $76,000. Pearl River Capital LLC bought a new stake in shares of Cornerstone OnDemand in the 1st quarter worth approximately $150,000. National Asset Management Inc. bought a new stake in shares of Cornerstone OnDemand in the 4th quarter worth approximately $239,000. Finally, Caxton Associates LP bought a new stake in shares of Cornerstone OnDemand in the 4th quarter worth approximately $243,000. Institutional investors and hedge funds own 92.13% of the company’s stock.
In related news, CEO Adam L. Miller sold 75,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $61.05, for a total value of $4,578,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,253,358 shares of the company’s stock, valued at $137,567,505.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $53.50, for a total transaction of $1,123,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,385,258 shares of the company’s stock, valued at $127,611,303. The disclosure for this sale can be found here. Insiders sold a total of 214,304 shares of company stock valued at $12,239,536 over the last three months. 9.40% of the stock is currently owned by insiders.
Cornerstone OnDemand stock traded up $0.10 during mid-day trading on Thursday, reaching $60.85. The stock had a trading volume of 293,740 shares, compared to its average volume of 457,948. The company’s 50-day moving average price is $56.37. Cornerstone OnDemand, Inc. has a one year low of $45.89 and a one year high of $62.66. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $3.62 billion, a P/E ratio of -264.57 and a beta of 1.04.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The business had revenue of $140.10 million during the quarter, compared to the consensus estimate of $135.51 million. During the same quarter last year, the company earned $0.13 EPS. Cornerstone OnDemand’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts forecast that Cornerstone OnDemand, Inc. will post -0.06 EPS for the current year.
Cornerstone OnDemand Profile
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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