Several other equities research analysts also recently commented on the stock. BidaskClub upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. JMP Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of Cornerstone OnDemand in a research note on Sunday, February 17th. TheStreet upgraded shares of Cornerstone OnDemand from a “d” rating to a “c” rating in a research note on Wednesday, February 13th. Finally, Bank of America upped their price objective on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and an average target price of $62.36.
Shares of NASDAQ:CSOD opened at $55.05 on Friday. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $3.35 billion, a P/E ratio of -239.35 and a beta of 1.11. Cornerstone OnDemand has a 52 week low of $45.89 and a 52 week high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) 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 net margin of 3.87% and a negative return on equity of 15.15%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. On average, research analysts expect that Cornerstone OnDemand will post -0.07 earnings per share for the current year.
In other Cornerstone OnDemand news, insider Mark Goldin sold 4,967 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $56.79, for a total value of $282,075.93. Following the transaction, the insider now owns 118,510 shares in the company, valued at approximately $6,730,182.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam L. Miller sold 21,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $57.33, for a total transaction of $1,203,930.00. Following the transaction, the chief executive officer now owns 2,404,434 shares in the company, valued at approximately $137,846,201.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,342 shares of company stock worth $7,969,532. Company insiders own 9.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CSOD. Advisor Group Inc. increased its stake in shares of Cornerstone OnDemand by 164.0% during 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 last quarter. IFP Advisors Inc increased its stake in shares of Cornerstone OnDemand by 245.0% during 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 last quarter. Manchester Capital Management LLC acquired a new position in shares of Cornerstone OnDemand during the 1st quarter worth $76,000. US Bancorp DE increased its stake in shares of Cornerstone OnDemand by 55.3% during 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 last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Cornerstone OnDemand during the 1st quarter worth $150,000. Institutional investors own 93.00% of the company’s stock.
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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