Traders Buy High Volume of Cornerstone OnDemand Call Options (CSOD)

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Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 1,334 call options on the stock. This is an increase of approximately 2,370% compared to the average daily volume of 54 call options.

CSOD has been the subject of several research reports. ValuEngine lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. JMP Securities reissued a “buy” rating and issued a $65.00 target price on shares of Cornerstone OnDemand in a report on Sunday, February 17th. BidaskClub lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Goldman Sachs Group began coverage on shares of Cornerstone OnDemand in a report on Friday, February 1st. They issued a “neutral” rating and a $56.00 target price for the company. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $70.00 target price (up from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.36.

Cornerstone OnDemand stock opened at $55.05 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of -239.35 and a beta of 1.11. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $60.19. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.88.

Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). The firm had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. Analysts forecast that Cornerstone OnDemand will post -0.07 EPS for the current year.

In other news, insider Mark Goldin sold 4,967 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $56.79, for a total transaction of $282,075.93. Following the completion of the sale, the insider now owns 118,510 shares of the company’s stock, valued at approximately $6,730,182.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harold W. Burlingame sold 1,553 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $57.03, for a total transaction of $88,567.59. Following the sale, the director now directly owns 53,327 shares of the company’s stock, valued at approximately $3,041,238.81. The disclosure for this sale can be found here. Insiders have sold a total of 145,342 shares of company stock valued at $7,969,532 in the last ninety days. Insiders own 9.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Cornerstone OnDemand by 164.0% in the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock worth $43,000 after purchasing an additional 528 shares during the period. IFP Advisors Inc boosted its stake in Cornerstone OnDemand by 245.0% in the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after purchasing an additional 767 shares during the period. Manchester Capital Management LLC bought a new position in Cornerstone OnDemand in the 1st quarter worth approximately $76,000. US Bancorp DE boosted its stake in Cornerstone OnDemand by 55.3% in the 1st quarter. US Bancorp DE now owns 1,707 shares of the software maker’s stock worth $94,000 after purchasing an additional 608 shares during the period. Finally, Pearl River Capital LLC bought a new position in Cornerstone OnDemand in the 1st quarter worth approximately $150,000. 93.00% of the stock is owned by institutional investors.

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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 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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