Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has received a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $62.20.
CSOD has been the topic of several research analyst reports. ValuEngine cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. BidaskClub cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday. JMP Securities restated a “buy” rating and set a $65.00 target price on shares of Cornerstone OnDemand in a research note on Sunday, February 17th. Finally, Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Monday, February 18th.
In other news, Director Harold W. Burlingame sold 1,552 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $55.08, for a total transaction of $85,484.16. Following the completion of the sale, the director now owns 53,326 shares of the company’s stock, valued at approximately $2,937,196.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam L. Miller sold 10,485 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $54.72, for a total transaction of $573,739.20. Following the sale, the chief executive officer now directly owns 2,418,458 shares of the company’s stock, valued at approximately $132,338,021.76. The disclosure for this sale can be found here. Insiders have sold a total of 115,399 shares of company stock valued at $6,208,984 in the last ninety days. Insiders own 9.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of Cornerstone OnDemand by 164.0% during the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after purchasing an additional 528 shares during the last quarter. IFP Advisors Inc increased its position in shares of Cornerstone OnDemand by 245.0% during the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock valued at $54,000 after purchasing an additional 767 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Cornerstone OnDemand during the 1st quarter valued at about $76,000. US Bancorp DE increased its position in shares of Cornerstone OnDemand by 55.3% during the 1st quarter. US Bancorp DE now owns 1,707 shares of the software maker’s stock valued at $94,000 after purchasing an additional 608 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new stake in shares of Cornerstone OnDemand during the 1st quarter valued at about $150,000. 92.13% of the stock is owned by hedge funds and other institutional investors.
CSOD traded up $0.24 during midday trading on Monday, hitting $53.19. 302,891 shares of the company traded hands, compared to its average volume of 398,534. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $3.16 billion, a P/E ratio of -231.26 and a beta of 1.05. Cornerstone OnDemand has a 52 week low of $45.89 and a 52 week high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million for the quarter, compared to the consensus estimate of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. Cornerstone OnDemand’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. Research analysts forecast that Cornerstone OnDemand will post -0.07 EPS for the current fiscal year.
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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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