Cornerstone OnDemand, Inc. (CSOD) Receives Consensus Recommendation of “Buy” from Brokerages

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has received a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.50.

Several research firms have recently weighed in on CSOD. Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. B. Riley increased their price objective on Cornerstone OnDemand from $49.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. BidaskClub downgraded Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Saturday. ValuEngine raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Finally, Needham & Company LLC upped their price target on Cornerstone OnDemand from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, May 15th.

CSOD stock opened at $49.61 on Monday. The company has a market capitalization of $2.98 billion, a PE ratio of -70.87 and a beta of 0.56. Cornerstone OnDemand has a twelve month low of $33.24 and a twelve month high of $53.75. The company has a debt-to-equity ratio of 8.85, a current ratio of 1.30 and a quick ratio of 1.30.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Tuesday, May 8th. The software maker reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.08. The business had revenue of $133.11 million during the quarter, compared to the consensus estimate of $126.95 million. Cornerstone OnDemand had a negative return on equity of 119.83% and a negative net margin of 12.18%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. sell-side analysts predict that Cornerstone OnDemand will post -0.28 EPS for the current year.

In other news, Director R C. Mark Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. Following the completion of the sale, the director now owns 10,850 shares in the company, valued at $542,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam L. Miller sold 6,000 shares of the company’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 value of $242,100.00. Following the sale, the chief executive officer now owns 3,508,268 shares of the company’s stock, valued at approximately $141,558,613.80. The disclosure for this sale can be found here. Insiders have sold 102,710 shares of company stock valued at $4,953,124 in the last 90 days. Company insiders own 11.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CSOD. Carillon Tower Advisers Inc. purchased a new position in Cornerstone OnDemand in the fourth quarter worth $52,352,000. Millennium Management LLC raised its position in Cornerstone OnDemand by 231.6% in the fourth quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after acquiring an additional 356,032 shares in the last quarter. University of Notre Dame DU Lac purchased a new position in Cornerstone OnDemand in the fourth quarter worth $7,319,000. Victory Capital Management Inc. raised its position in Cornerstone OnDemand by 34.7% in the first quarter. Victory Capital Management Inc. now owns 659,649 shares of the software maker’s stock worth $25,799,000 after acquiring an additional 170,030 shares in the last quarter. Finally, Element Capital Management LLC purchased a new position in Cornerstone OnDemand in the fourth quarter worth $4,099,000. Institutional investors and hedge funds own 93.47% of the company’s stock.

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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