Cornerstone OnDemand (NASDAQ:CSOD) insider Adam J. Weiss sold 4,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $45.30, for a total transaction of $181,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Cornerstone OnDemand stock traded down $0.82 on Monday, hitting $42.70. 653,268 shares of the company were exchanged, compared to its average volume of 561,780. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.21 and a quick ratio of 1.21. Cornerstone OnDemand has a 12-month low of $33.24 and a 12-month high of $46.19. The stock has a market capitalization of $2,494.52, a price-to-earnings ratio of -39.54 and a beta of 0.55.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. The firm had revenue of $131.96 million during the quarter, compared to analysts’ expectations of $132.12 million. equities analysts anticipate that Cornerstone OnDemand will post -0.4 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in CSOD. Ark Investment Management LLC grew its holdings in shares of Cornerstone OnDemand by 194.2% in the second quarter. Ark Investment Management LLC now owns 26,027 shares of the software maker’s stock valued at $930,000 after purchasing an additional 17,181 shares during the period. Aperio Group LLC grew its holdings in shares of Cornerstone OnDemand by 19.9% in the third quarter. Aperio Group LLC now owns 11,955 shares of the software maker’s stock valued at $485,000 after purchasing an additional 1,983 shares during the period. American Century Companies Inc. purchased a new stake in shares of Cornerstone OnDemand in the third quarter valued at about $1,670,000. Candriam Luxembourg S.C.A. grew its holdings in shares of Cornerstone OnDemand by 20.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 15,600 shares of the software maker’s stock valued at $634,000 after purchasing an additional 2,700 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Cornerstone OnDemand by 10.2% in the third quarter. Sei Investments Co. now owns 155,935 shares of the software maker’s stock valued at $6,332,000 after purchasing an additional 14,384 shares during the period. 97.54% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on CSOD. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, January 10th. ValuEngine lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. William Blair reaffirmed a “market perform” rating on shares of Cornerstone OnDemand in a report on Wednesday, February 14th. BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Cornerstone OnDemand presently has an average rating of “Hold” and a consensus price target of $44.56.
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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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