Cornerstone OnDemand (NASDAQ:CSOD) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.
A number of other equities research analysts have also recently commented on CSOD. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 2nd. Guggenheim assumed coverage on shares of Alteryx in a report on Thursday, June 27th. They set a “buy” rating and a $107.53 price objective for the company. Finally, ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $62.36.
NASDAQ:CSOD opened at $62.06 on Friday. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $3.70 billion, a PE ratio of -269.83 and a beta of 1.04. The business has a fifty day moving average of $55.60. Cornerstone OnDemand has a 12 month low of $45.89 and a 12 month high of $62.20.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). The company had revenue of $140.10 million during the quarter, compared to analyst estimates of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, research analysts forecast that Cornerstone OnDemand will post -0.06 EPS for the current year.
In related news, CFO Brian L. Swartz sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 141,603 shares in the company, valued at $8,496,180. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $53.50, for a total transaction of $1,123,500.00. Following the transaction, the chief executive officer now owns 2,385,258 shares in the company, valued at $127,611,303. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,357 shares of company stock worth $7,525,147. 9.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Cornerstone OnDemand by 4.6% during the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock worth $198,271,000 after purchasing an additional 171,143 shares during the last quarter. Praesidium Investment Management Company LLC boosted its holdings in Cornerstone OnDemand by 7.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock worth $173,587,000 after purchasing an additional 237,527 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Cornerstone OnDemand by 9.6% during the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock worth $175,560,000 after purchasing an additional 281,615 shares during the last quarter. First Trust Advisors LP boosted its holdings in Cornerstone OnDemand by 3.8% during the first quarter. First Trust Advisors LP now owns 1,873,456 shares of the software maker’s stock worth $102,628,000 after purchasing an additional 69,446 shares during the last quarter. Finally, FMR LLC raised its position in Cornerstone OnDemand by 44.6% in the first quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock worth $72,355,000 after acquiring an additional 407,535 shares during the period. Institutional investors and hedge funds own 92.12% 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 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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