Cornerstone OnDemand (CSOD) Lowered to “Hold” at ValuEngine

Cornerstone OnDemand (NASDAQ:CSOD) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts also recently issued reports on CSOD. BidaskClub upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Needham & Company LLC restated a “strong-buy” rating and set a $55.00 price objective (up previously from $48.00) on shares of Cornerstone OnDemand in a report on Wednesday, March 14th. Credit Suisse Group upped their price objective on shares of Cornerstone OnDemand from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, March 14th. B. Riley upped their price objective on shares of Cornerstone OnDemand to $49.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $46.00 price objective on shares of Cornerstone OnDemand in a report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $49.89.

CSOD stock opened at $47.65 on Wednesday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -68.07 and a beta of 0.56. Cornerstone OnDemand has a one year low of $33.24 and a one year high of $53.75. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 8.85.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 8th. The software maker reported $0.13 EPS 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 analyst estimates of $126.95 million. Cornerstone OnDemand had a negative net margin of 12.18% and a negative return on equity of 119.83%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. analysts predict that Cornerstone OnDemand will post -0.28 earnings per share for the current year.

In related news, CEO Adam L. Miller sold 8,000 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $50.76, for a total value of $406,080.00. Following the transaction, the chief executive officer now owns 3,482,268 shares in the company, valued at approximately $176,759,923.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam L. Miller sold 6,000 shares of the 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 completion of the transaction, the chief executive officer now owns 3,508,268 shares in the company, valued at approximately $141,558,613.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,710 shares of company stock worth $4,953,124. 11.70% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its holdings in Cornerstone OnDemand by 1.9% in the 4th quarter. Teachers Advisors LLC now owns 95,323 shares of the software maker’s stock worth $3,368,000 after buying an additional 1,820 shares during the period. Swiss National Bank increased its holdings in Cornerstone OnDemand by 2.3% in the 1st quarter. Swiss National Bank now owns 90,300 shares of the software maker’s stock worth $3,532,000 after buying an additional 2,000 shares during the period. Aperio Group LLC increased its holdings in Cornerstone OnDemand by 19.8% in the 4th quarter. Aperio Group LLC now owns 14,326 shares of the software maker’s stock worth $506,000 after buying an additional 2,371 shares during the period. SG Americas Securities LLC increased its holdings in Cornerstone OnDemand by 75.2% in the 1st quarter. SG Americas Securities LLC now owns 6,884 shares of the software maker’s stock worth $269,000 after buying an additional 2,954 shares during the period. Finally, Quantbot Technologies LP increased its holdings in Cornerstone OnDemand by 108.5% in the 1st quarter. Quantbot Technologies LP now owns 8,529 shares of the software maker’s stock worth $333,000 after buying an additional 4,439 shares during the period. Institutional investors own 93.49% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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