CSOD has been the topic of a number of other research reports. BidaskClub lowered shares of Cornerstone OnDemand from a strong-buy rating to a buy rating in a research note on Tuesday, March 5th. TheStreet upgraded shares of Cornerstone OnDemand from a d rating to a c rating in a research report on Wednesday, February 13th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Bank of America raised their price target on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the company a buy rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC restated a strong-buy rating and set a $70.00 price target (up previously from $60.00) on shares of Cornerstone OnDemand in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $62.36.
NASDAQ:CSOD traded up $1.03 during midday trading on Monday, reaching $55.95. 10,303 shares of the stock traded hands, compared to its average volume of 485,062. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $60.19. The firm has a 50-day moving average price of $53.97. 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 company has a market cap of $3.36 billion, a PE ratio of -241.78 and a beta of 1.05.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Equities analysts forecast that Cornerstone OnDemand will post -0.1 EPS for the current year.
In other Cornerstone OnDemand news, insider Adrianna Burrows sold 3,211 shares of Cornerstone OnDemand stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $55.14, for a total transaction of $177,054.54. Following the completion of the sale, the insider now directly owns 55,361 shares in the company, valued at $3,052,605.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam L. Miller sold 21,000 shares of Cornerstone OnDemand stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.81, for a total transaction of $1,088,010.00. Following the sale, the chief executive officer now owns 2,339,658 shares of the company’s stock, valued at $121,217,680.98. The disclosure for this sale can be found here. Insiders have sold 124,362 shares of company stock worth $6,723,450 over the last ninety days. 9.40% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CSOD. Greenwood Capital Associates LLC raised its position in Cornerstone OnDemand by 9.2% during the 1st quarter. Greenwood Capital Associates LLC now owns 5,614 shares of the software maker’s stock worth $308,000 after buying an additional 472 shares during the last quarter. Advisor Group Inc. raised its holdings in Cornerstone OnDemand by 164.0% in the fourth quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after buying an additional 528 shares during the period. National Asset Management Inc. raised its holdings in Cornerstone OnDemand by 11.6% in the first quarter. National Asset Management Inc. now owns 5,287 shares of the software maker’s stock valued at $290,000 after buying an additional 549 shares during the period. Raymond James & Associates grew its position in Cornerstone OnDemand by 2.9% in the fourth quarter. Raymond James & Associates now owns 25,848 shares of the software maker’s stock valued at $1,304,000 after acquiring an additional 722 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Cornerstone OnDemand by 245.0% in the fourth quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock valued at $54,000 after acquiring an additional 767 shares in the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.
Cornerstone OnDemand Company 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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