Traders Buy Large Volume of Cornerstone OnDemand Call Options (NASDAQ:CSOD)

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Cornerstone OnDemand, Inc. (NASDAQ:CSOD) saw unusually large options trading on Tuesday. Traders acquired 7,287 call options on the stock. This represents an increase of approximately 11,846% compared to the average volume of 61 call options.

In related news, Director Dean E. Carter sold 3,064 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $53.96, for a total value of $165,333.44. Following the sale, the director now owns 24,310 shares in the company, valued at approximately $1,311,767.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristina Salen sold 9,740 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $52.90, for a total value of $515,246.00. Following the completion of the sale, the director now owns 21,670 shares in the company, valued at approximately $1,146,343. The disclosure for this sale can be found here. Insiders sold a total of 106,544 shares of company stock worth $5,699,087 in the last 90 days. 9.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CSOD. Marshall Wace LLP bought a new position in Cornerstone OnDemand in the 1st quarter valued at approximately $834,000. Marshall Wace North America L.P. bought a new position in shares of Cornerstone OnDemand during the 1st quarter valued at $319,000. FMR LLC lifted its holdings in shares of Cornerstone OnDemand by 44.6% during the 1st quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock valued at $72,355,000 after buying an additional 407,535 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Cornerstone OnDemand by 25.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 31,283 shares of the software maker’s stock valued at $1,713,000 after buying an additional 6,313 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of Cornerstone OnDemand during the 2nd quarter valued at $154,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

CSOD stock opened at $57.89 on Thursday. The stock has a market capitalization of $3.31 billion, a PE ratio of -251.70 and a beta of 1.10. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.66. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76. The stock’s 50 day simple moving average is $54.87 and its 200 day simple moving average is $55.16.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Monday, August 5th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $141.90 million during the quarter, compared to the consensus estimate of $138.83 million. Cornerstone OnDemand had a negative net margin of 3.23% and a negative return on equity of 11.18%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, research analysts predict that Cornerstone OnDemand will post 0.47 earnings per share for the current year.

Several research firms recently weighed in on CSOD. Mizuho began coverage on Cornerstone OnDemand in a research note on Wednesday, August 21st. They issued a “buy” rating and a $65.00 price target on the stock. Guggenheim began coverage on Cornerstone OnDemand in a research note on Thursday, June 27th. They issued a “buy” rating on the stock. Bank of America upped their price target on Cornerstone OnDemand from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. BidaskClub downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, JMP Securities upped their price target 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. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Cornerstone OnDemand currently has an average rating of “Buy” and a consensus target price of $63.88.

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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