Cornerstone OnDemand, Inc. (CSOD) CEO Sells $1,098,300.00 in Stock

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $52.30, for a total value of $1,098,300.00. Following the completion of the transaction, the chief executive officer now directly owns 3,195,434 shares of the company’s stock, valued at $167,121,198.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Adam L. Miller also recently made the following trade(s):

  • On Wednesday, December 19th, Adam L. Miller sold 21,000 shares of Cornerstone OnDemand stock. The stock was sold at an average price of $52.13, for a total value of $1,094,730.00.

Shares of CSOD stock opened at $53.12 on Friday. Cornerstone OnDemand, Inc. has a 1-year low of $36.26 and a 1-year high of $59.18. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 5.29. The firm has a market cap of $3.08 billion, a P/E ratio of -75.89 and a beta of 1.01.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Wednesday, November 7th. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Cornerstone OnDemand had a negative return on equity of 41.67% and a negative net margin of 7.46%. The firm had revenue of $134.00 million for the quarter, compared to the consensus estimate of $130.07 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that Cornerstone OnDemand, Inc. will post -0.2 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CSOD. BidaskClub downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. First Analysis set a $69.00 target price on Cornerstone OnDemand and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, Mitsubishi UFJ Financial Group boosted their target price on Cornerstone OnDemand to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and a consensus price target of $56.91.

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio grew its stake in Cornerstone OnDemand by 175.0% during the 2nd quarter. Strs Ohio now owns 3,300 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,100 shares during the last quarter. Global X Management Co LLC purchased a new stake in Cornerstone OnDemand during the 2nd quarter valued at about $167,000. Campbell & CO Investment Adviser LLC purchased a new stake in Cornerstone OnDemand during the 3rd quarter valued at about $210,000. Greenwood Capital Associates LLC purchased a new stake in Cornerstone OnDemand during the 3rd quarter valued at about $214,000. Finally, Hsbc Holdings PLC purchased a new stake in Cornerstone OnDemand during the 3rd quarter valued at about $234,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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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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