Cornerstone OnDemand, Inc. (NASDAQ:CSOD)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $52.00 and last traded at $51.61, with a volume of 8986 shares trading hands. The stock had previously closed at $51.84.
Several equities analysts recently commented on the stock. B. Riley boosted their price objective on shares of Cornerstone OnDemand from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. Needham & Company LLC boosted their price objective on shares of Cornerstone OnDemand from $55.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Tuesday, May 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Cornerstone OnDemand in a research note on Thursday, May 10th. Finally, JMP Securities boosted their price objective on shares of Cornerstone OnDemand from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.89.
The stock has a market cap of $2.90 billion, a PE ratio of -73.83 and a beta of 0.56. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 8.85.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, May 8th. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. Cornerstone OnDemand had a negative net margin of 12.18% and a negative return on equity of 119.83%. The business had revenue of $133.11 million during the quarter, compared to analyst estimates of $126.95 million. During the same period in the previous year, the business posted $0.08 earnings per share. Cornerstone OnDemand’s revenue for the quarter was up 19.3% on a year-over-year basis. equities analysts expect that Cornerstone OnDemand, Inc. will post -0.28 EPS for the current fiscal year.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 6,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $42.53, for a total transaction of $255,180.00. Following the completion of the sale, the chief executive officer now directly owns 3,514,268 shares in the company, valued at $149,461,818.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam J. Weiss sold 2,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $42.23, for a total transaction of $84,460.00. Following the sale, the insider now owns 120,095 shares of the company’s stock, valued at $5,071,611.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,158 shares of company stock valued at $3,920,124. 11.70% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its holdings in shares of Cornerstone OnDemand by 0.6% in the 4th quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock worth $90,380,000 after acquiring an additional 15,502 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Cornerstone OnDemand by 13.5% in the 4th quarter. First Trust Advisors LP now owns 1,757,191 shares of the software maker’s stock worth $62,082,000 after acquiring an additional 209,082 shares during the last quarter. Tensile Capital Management LLC lifted its holdings in shares of Cornerstone OnDemand by 7.2% in the 4th quarter. Tensile Capital Management LLC now owns 1,636,868 shares of the software maker’s stock worth $57,831,000 after acquiring an additional 109,876 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Cornerstone OnDemand in the 4th quarter worth approximately $52,352,000. Finally, Soma Equity Partners LP lifted its holdings in shares of Cornerstone OnDemand by 8.4% in the 1st quarter. Soma Equity Partners LP now owns 1,118,000 shares of the software maker’s stock worth $43,725,000 after acquiring an additional 87,000 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
About Cornerstone OnDemand
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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