BidaskClub Upgrades Cornerstone OnDemand (CSOD) to Buy

BidaskClub upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research report released on Friday.

Several other research firms have also recently commented on CSOD. Piper Jaffray restated a hold rating and issued a $46.00 target price on shares of Cornerstone OnDemand in a research note on Thursday, March 15th. B. Riley boosted their target price on Cornerstone OnDemand to $49.00 and gave the company a buy rating in a research note on Wednesday, March 14th. Needham & Company LLC restated a strong-buy rating and issued a $55.00 target price (up previously from $48.00) on shares of Cornerstone OnDemand in a research note on Wednesday, March 14th. Credit Suisse Group boosted their target price on Cornerstone OnDemand from $49.00 to $51.00 and gave the company an outperform rating in a research note on Wednesday, March 14th. Finally, ValuEngine cut Cornerstone OnDemand from a hold rating to a sell rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Cornerstone OnDemand has an average rating of Hold and a consensus target price of $44.56.

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NASDAQ CSOD opened at $42.79 on Friday. The company has a market capitalization of $2,411.17, a price-to-earnings ratio of -61.13 and a beta of 0.58. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 12.89. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $46.19.

Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $131.96 million during the quarter, compared to the consensus estimate of $132.12 million. Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. equities analysts expect that Cornerstone OnDemand will post -0.4 EPS for the current year.

In other news, Director R C. Mark Baker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $40.83, for a total transaction of $204,150.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kirsten Maas Helvey sold 2,694 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $43.35, for a total value of $116,784.90. Following the sale, the chief operating officer now owns 144,568 shares in the company, valued at approximately $6,267,022.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,960 shares of company stock worth $4,465,284. Company insiders own 12.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in CSOD. Carillon Tower Advisers Inc. bought a new stake in shares of Cornerstone OnDemand during the 4th quarter worth approximately $52,352,000. Telemus Capital LLC bought a new stake in shares of Cornerstone OnDemand during the 4th quarter worth approximately $14,000,000. Millennium Management LLC raised its stake in shares of Cornerstone OnDemand by 231.6% during the 4th quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after purchasing an additional 356,032 shares in the last quarter. First Trust Advisors LP raised its stake in shares of 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 worth $62,082,000 after purchasing an additional 209,082 shares in the last quarter. Finally, University of Notre Dame DU Lac bought a new stake in shares of Cornerstone OnDemand during the 4th quarter worth approximately $7,319,000. 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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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