Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $54.72, for a total value of $1,149,120.00. Following the completion of the sale, the chief executive officer now directly owns 2,225,968 shares of the company’s stock, valued at $121,804,968.96. The sale was disclosed in a filing with the SEC, which is available at this link.
CSOD opened at $50.76 on Thursday. Cornerstone OnDemand, Inc. has a fifty-two week low of $45.89 and a fifty-two week high of $62.66. The business’s 50-day moving average price is $58.63. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $3.23 billion, a P/E ratio of -220.70 and a beta of 1.02.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Monday, August 5th. The software maker reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). Cornerstone OnDemand had a negative return on equity of 11.18% and a negative net margin of 3.23%. The firm had revenue of $141.90 million for the quarter, compared to analysts’ expectations of $138.83 million. During the same period last year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Cornerstone OnDemand, Inc. will post 0.47 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of CSOD. Point72 Hong Kong Ltd lifted its position in shares of Cornerstone OnDemand by 3,574.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,139 shares of the software maker’s stock worth $66,000 after buying an additional 1,108 shares during the period. Morgan Stanley grew its stake in Cornerstone OnDemand by 291.4% in the second quarter. Morgan Stanley now owns 91,805 shares of the software maker’s stock valued at $5,318,000 after acquiring an additional 68,348 shares during the period. Man Group plc grew its stake in Cornerstone OnDemand by 52.2% in the second quarter. Man Group plc now owns 929,109 shares of the software maker’s stock valued at $53,824,000 after acquiring an additional 318,703 shares during the period. Bank of America Corp DE grew its stake in Cornerstone OnDemand by 12.6% in the second quarter. Bank of America Corp DE now owns 705,815 shares of the software maker’s stock valued at $40,888,000 after acquiring an additional 79,178 shares during the period. Finally, Tensile Capital Management LLC grew its stake in Cornerstone OnDemand by 0.4% in the second quarter. Tensile Capital Management LLC now owns 1,124,837 shares of the software maker’s stock valued at $65,162,000 after acquiring an additional 5,000 shares during the period. 92.20% of the stock is owned by institutional investors.
CSOD has been the subject of several research analyst reports. Zacks Investment Research raised Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, August 8th. Guggenheim initiated coverage on Cornerstone OnDemand in a research note on Thursday, June 27th. They issued a “buy” rating for the company. BidaskClub downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. JMP Securities increased their price objective on Cornerstone OnDemand from $65.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.33.
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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