Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director Harold W. Burlingame sold 1,553 shares of the company’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $53.82, for a total value of $83,582.46. Following the completion of the sale, the director now owns 53,327 shares in the company, valued at approximately $2,870,059.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
CSOD stock traded up $0.03 during trading on Wednesday, reaching $54.23. 8,429 shares of the stock were exchanged, compared to its average volume of 283,527. Cornerstone OnDemand, Inc. has a twelve month low of $36.26 and a twelve month high of $59.18. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $3.21 billion, a P/E ratio of -77.49 and a beta of 1.01.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $134.00 million for the quarter, compared to the consensus estimate of $130.07 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that Cornerstone OnDemand, Inc. will post -0.2 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Mitsubishi UFJ Financial Group boosted their price objective on Cornerstone OnDemand to $55.00 and gave the company a “neutral” rating in a research note on Thursday, November 8th. Finally, BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.91.
A number of hedge funds have recently bought and sold shares of CSOD. JPMorgan Chase & Co. raised its stake in Cornerstone OnDemand by 10,564.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,183,075 shares of the software maker’s stock worth $67,140,000 after buying an additional 1,171,981 shares during the period. Victory Capital Management Inc. raised its stake in Cornerstone OnDemand by 51.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,949 shares of the software maker’s stock worth $67,701,000 after buying an additional 406,670 shares during the period. Federated Investors Inc. PA raised its stake in Cornerstone OnDemand by 769.5% during the 3rd quarter. Federated Investors Inc. PA now owns 278,853 shares of the software maker’s stock worth $15,825,000 after buying an additional 246,781 shares during the period. Clearbridge Investments LLC raised its stake in Cornerstone OnDemand by 7.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,762,049 shares of the software maker’s stock worth $156,746,000 after buying an additional 184,277 shares during the period. Finally, University of Notre Dame DU Lac bought a new stake in Cornerstone OnDemand during the 3rd quarter worth approximately $9,815,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.
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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.
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