Cornerstone OnDemand’s (CSOD) Market Perform Rating Reaffirmed at William Blair

Cornerstone OnDemand’s (CSOD) Market Perform Rating Reaffirmed at William Blair

William Blair reissued their market perform rating on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a report released on Wednesday. William Blair also issued estimates for Cornerstone OnDemand’s Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.45) EPS.

A number of other brokerages have also weighed in on CSOD. Zacks Investment Research lowered shares of Cornerstone OnDemand from a buy rating to a hold rating in a report on Friday, January 12th. Barclays lifted their price objective on shares of Cornerstone OnDemand from $32.00 to $33.00 and gave the company an underweight rating in a report on Thursday, November 9th. BidaskClub upgraded shares of Cornerstone OnDemand from a sell rating to a hold rating in a report on Saturday, January 6th. Bank of America raised shares of Cornerstone OnDemand from a neutral rating to a buy rating and raised their target price for the company from $42.00 to $48.00 in a research report on Monday, January 22nd. Finally, KeyCorp reissued a hold rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand has a consensus rating of Hold and a consensus price target of $43.00.

Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $40.55 on Wednesday. Cornerstone OnDemand has a twelve month low of $33.24 and a twelve month high of $44.25. The firm has a market cap of $2,342.69, a PE ratio of -37.55 and a beta of 0.57.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 130.79%. The company had revenue of $131.96 million for the quarter, compared to the consensus estimate of $132.12 million. equities analysts expect that Cornerstone OnDemand will post -0.36 earnings per share for the current year.

Cornerstone OnDemand declared that its board has approved a share repurchase plan on Wednesday, November 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the transaction, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at approximately $146,095,114.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R C. Mark Baker sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $36.95, for a total transaction of $110,850.00. Following the transaction, the director now directly owns 25,850 shares in the company, valued at approximately $955,157.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock worth $1,466,580 in the last three months. Insiders own 12.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSOD. Carillon Tower Advisers Inc. purchased a new position in shares of Cornerstone OnDemand in the 4th quarter worth approximately $52,352,000. Soma Equity Partners LP grew its position in shares of Cornerstone OnDemand by 260.3% in the 3rd quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock worth $36,468,000 after buying an additional 648,773 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Cornerstone OnDemand by 116.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,027,302 shares of the software maker’s stock worth $41,719,000 after buying an additional 553,191 shares during the last quarter. Telemus Capital LLC purchased a new position in shares of Cornerstone OnDemand in the 4th quarter worth approximately $14,000,000. Finally, Millennium Management LLC grew its position in shares of Cornerstone OnDemand by 231.6% in the 4th quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after buying an additional 356,032 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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About Cornerstone OnDemand

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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.

William Blair reaffirmed their market perform rating on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a report released on Wednesday morning. William Blair also issued estimates for Cornerstone OnDemand’s Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.45) EPS.

Other analysts have also recently issued reports about the stock. B. Riley lowered their target price on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a buy rating for the company in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 target price for the company in a research note on Wednesday, January 10th. Credit Suisse Group reiterated a buy rating and issued a $49.00 target price on shares of Cornerstone OnDemand in a research note on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a neutral rating to a buy rating and lifted their target price for the stock from $42.00 to $48.00 in a research note on Monday, January 22nd. Finally, BidaskClub upgraded shares of Cornerstone OnDemand from a sell rating to a hold rating in a research note on Saturday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand currently has a consensus rating of Hold and a consensus target price of $43.00.

Shares of Cornerstone OnDemand (NASDAQ:CSOD) opened at $40.55 on Wednesday. The company has a market cap of $2,342.69, a P/E ratio of -37.55 and a beta of 0.57. Cornerstone OnDemand has a 12 month low of $33.24 and a 12 month high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $131.96 million during the quarter, compared to analyst estimates of $132.12 million. Cornerstone OnDemand had a negative return on equity of 130.79% and a negative net margin of 12.73%. research analysts expect that Cornerstone OnDemand will post -0.36 EPS for the current year.

Cornerstone OnDemand announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 3,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $34.81, for a total transaction of $104,430.00. Following the completion of the sale, the director now directly owns 24,850 shares in the company, valued at approximately $865,028.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the sale, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at $146,095,114.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,000 shares of company stock valued at $1,466,580. Company insiders own 12.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Cornerstone OnDemand by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,267,865 shares of the software maker’s stock valued at $152,575,000 after acquiring an additional 37,652 shares during the period. Clearbridge Investments LLC lifted its stake in Cornerstone OnDemand by 0.6% during the 4th quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock valued at $90,380,000 after acquiring an additional 15,502 shares during the period. Eagle Asset Management Inc. lifted its stake in Cornerstone OnDemand by 4.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,222,813 shares of the software maker’s stock valued at $90,601,000 after acquiring an additional 98,856 shares during the period. First Trust Advisors LP lifted its stake in Cornerstone OnDemand by 13.5% during the 4th quarter. First Trust Advisors LP now owns 1,757,191 shares of the software maker’s stock valued at $62,082,000 after acquiring an additional 209,082 shares during the period. Finally, Tensile Capital Management LLC lifted its stake in Cornerstone OnDemand by 7.2% during the 4th quarter. Tensile Capital Management LLC now owns 1,636,868 shares of the software maker’s stock valued at $57,831,000 after acquiring an additional 109,876 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

WARNING: This article was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/18/cornerstone-ondemands-csod-market-perform-rating-reaffirmed-at-william-blair.html.

About Cornerstone OnDemand

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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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