Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.10.
A number of analysts have commented on the stock. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Cornerstone OnDemand in a research note on Thursday, August 3rd. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC lowered shares of Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $46.00 to $32.00 in a research note on Tuesday, June 20th. Finally, Needham & Company LLC raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Friday, July 14th.
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In other news, Director R C. Mark Baker sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $39.87, for a total value of $79,740.00. Following the completion of the sale, the director now directly owns 26,850 shares of the company’s stock, valued at $1,070,509.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent Belliveau sold 11,660 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $40.00, for a total transaction of $466,400.00. Following the completion of the sale, the executive vice president now directly owns 237,043 shares of the company’s stock, valued at $9,481,720. The disclosure for this sale can be found here. Insiders sold 81,660 shares of company stock valued at $3,316,540 over the last three months. 12.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CSOD. Quantbot Technologies LP raised its position in Cornerstone OnDemand by 153.2% during the second quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock valued at $102,000 after acquiring an additional 1,739 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Cornerstone OnDemand by 5.1% during the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after acquiring an additional 223 shares in the last quarter. Gradient Investments LLC bought a new position in Cornerstone OnDemand during the second quarter valued at approximately $177,000. Oppenheimer Asset Management Inc. bought a new position in Cornerstone OnDemand during the first quarter valued at approximately $219,000. Finally, BNP Paribas Arbitrage SA raised its position in Cornerstone OnDemand by 530.5% during the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock valued at $231,000 after acquiring an additional 5,448 shares in the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.
Cornerstone OnDemand (CSOD) opened at 39.21 on Wednesday. The stock has a 50 day moving average of $38.25 and a 200-day moving average of $37.47. The firm’s market cap is $2.26 billion. Cornerstone OnDemand has a 52-week low of $30.31 and a 52-week high of $44.25.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09). Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The firm had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117.00 million. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Cornerstone OnDemand will post $0.39 EPS for the current year.
Cornerstone OnDemand Company Profile
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
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