Cornerstone OnDemand (CSOD) CEO Sells $242,100.00 in Stock

Cornerstone OnDemand (NASDAQ:CSOD) CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $40.35, for a total transaction of $242,100.00. Following the sale, the chief executive officer now directly owns 3,508,268 shares in the company, valued at approximately $141,558,613.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NASDAQ:CSOD opened at $39.94 on Monday. Cornerstone OnDemand has a 1-year low of $33.24 and a 1-year high of $46.19. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.21 and a quick ratio of 1.21.

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Cornerstone OnDemand (NASDAQ:CSOD) last posted 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 140.92%. The firm had revenue of $131.96 million during the quarter, compared to analysts’ expectations of $132.12 million. equities analysts anticipate that Cornerstone OnDemand will post -0.4 earnings per share for the current year.

A number of equities analysts have recently commented on CSOD shares. B. Riley lifted their target price on shares of Cornerstone OnDemand to $49.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, January 10th. Piper Jaffray reaffirmed a “hold” rating and issued a $44.00 target price on shares of Cornerstone OnDemand in a report on Tuesday, January 23rd. BidaskClub raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $55.00 target price (up from $48.00) on shares of Cornerstone OnDemand in a report on Wednesday, March 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, four 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 an average price target of $44.56.

A number of large investors have recently bought and sold shares of the stock. Trexquant Investment LP purchased a new stake in shares of Cornerstone OnDemand during the 3rd quarter worth $230,000. J. Goldman & Co LP purchased a new stake in shares of Cornerstone OnDemand during the 4th quarter worth $201,000. HBK Investments L P purchased a new stake in shares of Cornerstone OnDemand during the 4th quarter worth $266,000. GSA Capital Partners LLP purchased a new stake in shares of Cornerstone OnDemand during the 3rd quarter worth $391,000. Finally, Washington Capital Management Inc. boosted its position in shares of Cornerstone OnDemand by 61.4% during the 4th quarter. Washington Capital Management Inc. now owns 11,300 shares of the software maker’s stock worth $399,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other 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.

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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