ValuEngine Lowers Cornerstone OnDemand (CSOD) to Hold

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ValuEngine lowered shares of Cornerstone OnDemand (NASDAQ:CSOD) from a buy rating to a hold rating in a report released on Monday morning, ValuEngine reports.

Several other equities research analysts have also commented on the stock. Needham & Company LLC reiterated a strong-buy rating and issued a $70.00 price objective (up from $60.00) on shares of Cornerstone OnDemand in a research report on Wednesday, February 13th. Bank of America boosted their price objective on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the stock a buy rating in a research report on Wednesday, February 13th. BidaskClub lowered shares of Cornerstone OnDemand from a strong-buy rating to a buy rating in a research report on Tuesday, March 5th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Finally, JMP Securities reiterated a buy rating and issued a $65.00 price objective on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $62.36.

Cornerstone OnDemand stock opened at $52.14 on Monday. Cornerstone OnDemand has a 52 week low of $45.89 and a 52 week high of $60.19. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.48 and a current ratio of 1.48.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The business had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Cornerstone OnDemand’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Cornerstone OnDemand will post -0.07 earnings per share for the current year.

In related news, Director Harold W. Burlingame sold 1,553 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $52.39, for a total value of $81,361.67. Following the completion of the transaction, the director now owns 53,327 shares of the company’s stock, valued at approximately $2,793,801.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam L. Miller sold 10,485 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $54.72, for a total transaction of $573,739.20. Following the completion of the transaction, the chief executive officer now directly owns 2,418,458 shares of the company’s stock, valued at approximately $132,338,021.76. The disclosure for this sale can be found here. Insiders sold a total of 94,399 shares of company stock valued at $5,120,974 in the last three months. 9.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James & Associates increased its stake in shares of Cornerstone OnDemand by 0.8% during the 1st quarter. Raymond James & Associates now owns 26,060 shares of the software maker’s stock valued at $1,428,000 after acquiring an additional 212 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Cornerstone OnDemand by 33.2% during the 1st quarter. Advisor Group Inc. now owns 1,132 shares of the software maker’s stock valued at $62,000 after acquiring an additional 282 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Cornerstone OnDemand by 0.7% during the 1st quarter. Macquarie Group Ltd. now owns 47,556 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 314 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Cornerstone OnDemand by 9.2% during the 1st quarter. Greenwood Capital Associates LLC now owns 5,614 shares of the software maker’s stock valued at $308,000 after acquiring an additional 472 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in shares of Cornerstone OnDemand by 11.6% during the 1st quarter. National Asset Management Inc. now owns 5,287 shares of the software maker’s stock valued at $290,000 after acquiring an additional 549 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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