Cornerstone OnDemand (NASDAQ:CSOD) Director R C. Mark Baker sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $44.84, for a total transaction of $179,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CSOD stock opened at $39.94 on Friday. Cornerstone OnDemand has a 1 year low of $33.24 and a 1 year high of $46.19. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 12.89.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The company had revenue of $131.96 million for the quarter, compared to analyst estimates of $132.12 million. Cornerstone OnDemand had a negative return on equity of 140.92% and a negative net margin of 12.73%. equities research analysts forecast that Cornerstone OnDemand will post -0.4 earnings per share for the current year.
CSOD has been the topic of a number of recent analyst reports. Credit Suisse Group restated a “buy” rating and issued a $49.00 price target on shares of Cornerstone OnDemand in a research report on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $48.00 in a research report on Monday, January 22nd. JPMorgan Chase boosted their price target on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, January 17th. Finally, BidaskClub upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.56.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP bought a new stake in shares of Cornerstone OnDemand during the third quarter worth approximately $230,000. J. Goldman & Co LP bought a new stake in shares of Cornerstone OnDemand during the fourth quarter worth approximately $201,000. HBK Investments L P bought a new stake in shares of Cornerstone OnDemand during the fourth quarter worth approximately $266,000. GSA Capital Partners LLP bought a new stake in shares of Cornerstone OnDemand during the third quarter worth approximately $391,000. Finally, Washington Capital Management Inc. raised its stake in shares of Cornerstone OnDemand by 61.4% during the fourth quarter. Washington Capital Management Inc. now owns 11,300 shares of the software maker’s stock worth $399,000 after buying an additional 4,300 shares during the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.
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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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