BidaskClub cut shares of Cornerstone OnDemand (NASDAQ:CSOD) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday, March 20th.
A number of other equities research analysts also 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 price target on the stock in a research note on Wednesday, January 10th. Piper Jaffray reissued a hold rating and issued a $46.00 price target on shares of Cornerstone OnDemand in a research note on Thursday, March 15th. ValuEngine downgraded shares of Cornerstone OnDemand from a hold rating to a sell rating in a research note on Friday, February 2nd. Credit Suisse Group boosted their price target on shares of Cornerstone OnDemand from $49.00 to $51.00 and gave the company an outperform rating in a research note on Wednesday, March 14th. Finally, William Blair reissued a market perform rating on shares of Cornerstone OnDemand in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $44.56.
CSOD stock traded up $1.09 during trading on Tuesday, reaching $42.21. 353,794 shares of the stock were exchanged, compared to its average volume of 532,667. 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 1 year low of $33.24 and a 1 year high of $46.19. The company has a market capitalization of $2,351.56, a PE ratio of -60.30 and a beta of 0.58.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Cornerstone OnDemand had a negative return on equity of 140.92% and a negative net margin of 12.73%. The firm had revenue of $131.96 million for the quarter, compared to analysts’ expectations of $132.12 million. sell-side analysts forecast that Cornerstone OnDemand will post -0.4 EPS for the current year.
In related news, CEO Adam L. Miller sold 24,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $40.80, for a total value of $979,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the completion of the transaction, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at approximately $146,095,114.40. The disclosure for this sale can be found here. Insiders sold 105,960 shares of company stock valued at $4,465,284 in the last 90 days. Company insiders own 12.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in CSOD. Carillon Tower Advisers Inc. acquired a new position in shares of Cornerstone OnDemand in the fourth quarter valued at approximately $52,352,000. Soma Equity Partners LP grew its holdings in Cornerstone OnDemand by 260.3% during the 3rd quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock worth $36,468,000 after acquiring an additional 648,773 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Cornerstone OnDemand by 116.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,027,302 shares of the software maker’s stock worth $41,719,000 after acquiring an additional 553,191 shares in the last quarter. Telemus Capital LLC acquired a new position in Cornerstone OnDemand during the 4th quarter worth approximately $14,000,000. Finally, Millennium Management LLC grew its holdings in Cornerstone OnDemand by 231.6% during the 4th quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after acquiring an additional 356,032 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.
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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 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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