Cornerstone OnDemand, Inc. (NASDAQ:CSOD) saw some unusual options trading on Monday. Stock investors acquired 2,167 put options on the company. This represents an increase of approximately 2,308% compared to the typical daily volume of 90 put options.
In related news, CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.81, for a total value of $1,088,010.00. Following the transaction, the chief executive officer now owns 2,339,658 shares in the company, valued at $121,217,680.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam L. Miller sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.32, for a total value of $434,560.00. Following the completion of the transaction, the chief executive officer now owns 2,401,258 shares in the company, valued at approximately $130,436,334.56. The disclosure for this sale can be found here. Insiders sold a total of 124,362 shares of company stock worth $6,723,450 in the last quarter. 9.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CSOD. IFP Advisors Inc boosted its holdings in shares of Cornerstone OnDemand by 245.0% in the fourth quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after acquiring an additional 767 shares during the period. Strs Ohio boosted its stake in Cornerstone OnDemand by 50.0% during the fourth quarter. Strs Ohio now owns 24,600 shares of the software maker’s stock valued at $1,240,000 after buying an additional 8,200 shares during the period. Quantamental Technologies LLC bought a new stake in Cornerstone OnDemand during the fourth quarter valued at $155,000. GWM Advisors LLC bought a new stake in Cornerstone OnDemand during the fourth quarter valued at $248,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Cornerstone OnDemand during the fourth quarter valued at $395,000. 92.12% of the stock is owned by institutional investors and hedge funds.
CSOD has been the topic of a number of recent analyst reports. ValuEngine cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, May 10th. BidaskClub lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $62.36.
CSOD traded up $0.53 during trading on Wednesday, hitting $55.45. The stock had a trading volume of 671,900 shares, compared to its average volume of 445,444. The stock has a 50 day simple moving average of $53.97. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -241.22 and a beta of 1.05. Cornerstone OnDemand has a one year low of $45.89 and a one year high of $60.19. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.88.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm 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 firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that Cornerstone OnDemand will post -0.1 EPS for the current fiscal year.
About Cornerstone OnDemand
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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