Cornerstone OnDemand (NASDAQ:CSOD) had its price objective boosted by Credit Suisse Group from $49.00 to $51.00 in a report released on Wednesday, March 14th, MarketBeat.com reports. The brokerage currently has an outperform rating on the software maker’s stock.
Other research analysts have also issued research reports about the company. Bank of America upgraded Cornerstone OnDemand from a neutral rating to a buy rating and raised their price objective for the company from $42.00 to $48.00 in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Wednesday, January 10th. BidaskClub raised shares of Cornerstone OnDemand from a hold rating to a buy rating in a report on Wednesday, February 21st. Piper Jaffray reissued a hold rating and issued a $44.00 price objective on shares of Cornerstone OnDemand in a research note on Tuesday, January 23rd. Finally, William Blair reissued a market perform rating on shares of Cornerstone OnDemand in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand currently has an average rating of Hold and an average price target of $44.56.
Shares of NASDAQ CSOD traded down $0.66 during midday trading on Wednesday, hitting $39.94. 394,473 shares of the stock traded hands, compared to its average volume of 535,371. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.21 and a quick ratio of 1.21. Cornerstone OnDemand has a one year low of $33.24 and a one year high of $46.19.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative return on equity of 140.92% and a negative net margin of 12.73%. The company had revenue of $131.96 million during the quarter, compared to analysts’ expectations of $132.12 million. research analysts anticipate that Cornerstone OnDemand will post -0.4 EPS for the current fiscal year.
In other news, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 3,502,640 shares in the company, valued at $146,095,114.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam L. Miller sold 6,000 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $40.35, for a total transaction of $242,100.00. Following the transaction, the chief executive officer now owns 3,508,268 shares of the company’s stock, valued at $141,558,613.80. The disclosure for this sale can be found here. Insiders sold 105,960 shares of company stock worth $4,465,284 over the last ninety days. Corporate 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. J. Goldman & Co LP acquired a new position in Cornerstone OnDemand during the fourth quarter valued at $201,000. Trexquant Investment LP acquired a new position in shares of Cornerstone OnDemand in the third quarter worth about $230,000. HBK Investments L P acquired a new position in shares of Cornerstone OnDemand in the fourth quarter worth about $266,000. GSA Capital Partners LLP acquired a new position in shares of Cornerstone OnDemand in the third quarter worth about $391,000. Finally, Washington Capital Management Inc. raised its position in shares of Cornerstone OnDemand by 61.4% in the fourth quarter. Washington Capital Management Inc. now owns 11,300 shares of the software maker’s stock worth $399,000 after acquiring an additional 4,300 shares during the period. Institutional investors own 97.54% of the company’s stock.
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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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.
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