Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have been given an average recommendation of “Buy” by the fourteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $62.20.
CSOD has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Cornerstone OnDemand in a research report on Friday, February 1st. They set a “neutral” rating and a $56.00 price objective on the stock. DA Davidson started coverage on shares of Cornerstone OnDemand in a research note on Friday, February 1st. They set a “buy” rating and a $65.00 target price for the company. BidaskClub upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Needham & Company LLC reiterated a “strong-buy” rating and set a $70.00 target price (up from $60.00) on shares of Cornerstone OnDemand in a research note on Wednesday, February 13th. Finally, Bank of America upped their target price 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.
In other news, CEO Adam L. Miller sold 4,562 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $56.91, for a total value of $259,623.42. Following the completion of the transaction, the chief executive officer now owns 2,450,140 shares in the company, valued at approximately $139,437,467.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Goldin sold 4,967 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was 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 directly owns 118,510 shares in the company, valued at approximately $6,730,182.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,789 shares of company stock valued at $7,880,965. Corporate insiders own 9.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CSOD. FMR LLC grew its holdings in Cornerstone OnDemand by 44.6% during the 1st quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock worth $72,355,000 after acquiring an additional 407,535 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Cornerstone OnDemand during the 1st quarter worth about $207,000. Man Group plc grew its holdings in Cornerstone OnDemand by 30.4% during the 1st quarter. Man Group plc now owns 610,406 shares of the software maker’s stock worth $33,438,000 after acquiring an additional 142,253 shares during the last quarter. M&T Bank Corp bought a new stake in Cornerstone OnDemand during the 1st quarter worth about $245,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in Cornerstone OnDemand by 6.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 18,256 shares of the software maker’s stock worth $188,000 after acquiring an additional 1,074 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSOD stock traded up $0.53 during trading hours on Thursday, reaching $54.46. 376,005 shares of the stock traded hands, compared to its average volume of 436,452. Cornerstone OnDemand has a 1-year low of $45.89 and a 1-year high of $60.19. 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 firm has a market capitalization of $3.28 billion, a P/E ratio of -236.78 and a beta of 1.11.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm had revenue of $140.10 million for the quarter, compared to analyst estimates of $135.51 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Cornerstone OnDemand will post -0.07 EPS for the current fiscal year.
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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