Cornerstone OnDemand (NASDAQ:CSOD) – Investment analysts at B. Riley cut their Q1 2018 EPS estimates for shares of Cornerstone OnDemand in a research report issued on Wednesday, March 14th, Zacks Investment Research reports. B. Riley analyst K. Liu now anticipates that the software maker will earn ($0.26) per share for the quarter, down from their prior estimate of ($0.19). B. Riley currently has a “Buy” rating and a $49.00 price target on the stock. B. Riley also issued estimates for Cornerstone OnDemand’s Q3 2018 earnings at ($0.08) EPS and Q4 2018 earnings at ($0.06) EPS.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. The company had revenue of $131.96 million for the quarter, compared to the consensus estimate of $132.12 million.
CSOD has been the topic of several other research reports. BidaskClub cut shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 20th. Bank of America upgraded shares of Cornerstone OnDemand from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $48.00 in a research report on Monday, January 22nd. Credit Suisse Group boosted their price target on shares of Cornerstone OnDemand from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 14th. Piper Jaffray restated a “hold” rating and issued a $44.00 price target on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC restated a “strong-buy” rating and issued a $55.00 price target (up previously from $48.00) on shares of Cornerstone OnDemand in a research report on Wednesday, March 14th. 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 stock. The company presently has an average rating of “Hold” and an average price target of $44.56.
CSOD traded down $0.66 during trading hours on Friday, hitting $39.94. The company’s stock had a trading volume of 394,473 shares, compared to its average volume of 535,371. Cornerstone OnDemand has a 12 month low of $33.24 and a 12 month high of $46.19. The company has a debt-to-equity ratio of 12.89, a quick ratio of 1.21 and a current ratio of 1.21.
Several institutional investors and hedge funds have recently modified their holdings of CSOD. ARK Investment Management LLC lifted its stake in Cornerstone OnDemand by 5.4% in the fourth quarter. ARK Investment Management LLC now owns 33,434 shares of the software maker’s stock worth $1,181,000 after acquiring an additional 1,701 shares during the period. Macquarie Group Ltd. lifted its stake in Cornerstone OnDemand by 3.9% in the third quarter. Macquarie Group Ltd. now owns 47,049 shares of the software maker’s stock worth $1,911,000 after acquiring an additional 1,749 shares during the period. Rhumbline Advisers lifted its stake in Cornerstone OnDemand by 2.9% in the third quarter. Rhumbline Advisers now owns 62,711 shares of the software maker’s stock worth $2,547,000 after acquiring an additional 1,770 shares during the period. Teachers Advisors LLC lifted its stake in Cornerstone OnDemand by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 95,323 shares of the software maker’s stock worth $3,368,000 after acquiring an additional 1,820 shares during the period. Finally, Aperio Group LLC lifted its stake in Cornerstone OnDemand by 19.9% in the third quarter. Aperio Group LLC now owns 11,955 shares of the software maker’s stock worth $485,000 after acquiring an additional 1,983 shares during the period. 97.54% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Adam J. Weiss sold 4,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $45.30, for a total transaction of $181,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Joseph Carter sold 6,958 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.35, for a total transaction of $301,629.30. The disclosure for this sale can be found here. Insiders have sold 105,960 shares of company stock worth $4,465,284 in the last quarter. Company insiders own 12.60% 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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