Other analysts have also recently issued reports about the company. DA Davidson started coverage on Cornerstone OnDemand in a research note on Friday, February 1st. They issued a buy rating and a $65.00 price target for the company. Zacks Investment Research upgraded Cornerstone OnDemand from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Tuesday, January 8th. Bank of America boosted their price objective on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a buy rating in a research report on Wednesday, February 13th. JMP Securities reiterated a buy rating and issued a $65.00 price objective on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. Finally, TheStreet upgraded Cornerstone OnDemand from a d rating to a c rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand presently has an average rating of Buy and a consensus price target of $61.75.
Shares of CSOD stock traded down $0.22 on Wednesday, reaching $53.70. The company had a trading volume of 10,192 shares, compared to its average volume of 323,069. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $3.26 billion, a PE ratio of -234.22 and a beta of 1.11. Cornerstone OnDemand has a 12 month low of $43.76 and a 12 month high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $129.91 million. Cornerstone OnDemand had a negative return on equity of 28.62% and a negative net margin of 6.29%. Cornerstone OnDemand’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, research analysts anticipate that Cornerstone OnDemand will post -0.08 earnings per share for the current year.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $58.05, for a total transaction of $1,219,050.00. Following the completion of the transaction, the chief executive officer now owns 2,420,442 shares of the company’s stock, valued at approximately $140,506,658.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam L. Miller sold 4,562 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $56.91, for a total value of $259,623.42. Following the transaction, the chief executive officer now directly owns 2,450,140 shares of the company’s stock, valued at approximately $139,437,467.40. The disclosure for this sale can be found here. Insiders sold a total of 150,480 shares of company stock valued at $8,405,618 over the last quarter. 11.70% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in Cornerstone OnDemand by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 18,455 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 250 shares during the last quarter. Advisor Group Inc. raised its stake 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 worth $43,000 after purchasing an additional 528 shares in the last quarter. Raymond James & Associates raised its stake in shares of Cornerstone OnDemand by 2.9% during the 4th quarter. Raymond James & Associates now owns 25,848 shares of the software maker’s stock worth $1,304,000 after purchasing an additional 722 shares in the last quarter. IFP Advisors Inc raised its stake 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 worth $54,000 after purchasing an additional 767 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Cornerstone OnDemand by 1.0% during the 1st quarter. Rhumbline Advisers now owns 76,899 shares of the software maker’s stock worth $4,213,000 after purchasing an additional 768 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.
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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