Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director Harold W. Burlingame sold 1,553 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $55.82, for a total transaction of $86,688.46. Following the transaction, the director now directly owns 53,327 shares in the company, valued at approximately $2,976,713.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NASDAQ:CSOD traded up $1.12 on Friday, reaching $50.17. 715,463 shares of the company’s stock were exchanged, compared to its average volume of 519,116. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $3.33 billion, a PE ratio of -71.67 and a beta of 0.86. Cornerstone OnDemand, Inc. has a 52-week low of $33.57 and a 52-week high of $59.18.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The company had revenue of $132.52 million for the quarter, compared to analyst estimates of $128.33 million. Analysts expect that Cornerstone OnDemand, Inc. will post -0.33 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in CSOD. Bernzott Capital Advisors purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth approximately $18,834,000. Cypress Funds LLC purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth approximately $12,379,000. Castleark Management LLC purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth approximately $12,364,000. United Services Automobile Association increased its stake in shares of Cornerstone OnDemand by 976.7% during the second quarter. United Services Automobile Association now owns 279,871 shares of the software maker’s stock worth $7,755,000 after buying an additional 253,878 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Cornerstone OnDemand by 19.2% during the second quarter. Victory Capital Management Inc. now owns 786,279 shares of the software maker’s stock worth $37,293,000 after buying an additional 126,630 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Several research analysts have recently weighed in on CSOD shares. Needham & Company LLC boosted their price target on shares of Cornerstone OnDemand to $65.00 and gave the company a “strong-buy” rating in a research report on Monday, July 23rd. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Piper Jaffray Companies upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $60.00 in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.09.
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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