BidaskClub Lowers Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to Sell
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Several other analysts also recently commented on CSOD. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Cornerstone OnDemand in a report on Wednesday, April 19th. B. Riley reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Cornerstone OnDemand in a report on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Cornerstone OnDemand in a report on Friday, May 5th. Finally, Wells Fargo & Company initiated coverage on shares of Cornerstone OnDemand in a report on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.13.
Cornerstone OnDemand (NASDAQ:CSOD) traded up 1.58% on Thursday, reaching $34.64. 451,410 shares of the company’s stock traded hands. The stock’s market cap is $1.97 billion. The stock has a 50 day moving average price of $37.28 and a 200 day moving average price of $39.60. Cornerstone OnDemand has a 12-month low of $30.31 and a 12-month high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.06. The business had revenue of $111.58 million for the quarter, compared to the consensus estimate of $110.23 million. Cornerstone OnDemand had a negative net margin of 14.89% and a negative return on equity of 196.70%. Analysts forecast that Cornerstone OnDemand will post $0.41 EPS for the current year.
In related news, Director Harold W. Burlingame sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $40.25, for a total value of $40,250.00. Following the completion of the transaction, the director now directly owns 42,300 shares in the company, valued at approximately $1,702,575. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Adam J. Weiss sold 5,786 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $34.46, for a total transaction of $199,385.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,764 shares of company stock valued at $978,187. Company insiders own 12.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. bought a new position in Cornerstone OnDemand during the fourth quarter worth $126,000. Ameritas Investment Partners Inc. bought a new position in Cornerstone OnDemand during the first quarter worth $169,000. Oppenheimer Asset Management Inc. bought a new position in Cornerstone OnDemand during the first quarter worth $219,000. Engineers Gate Manager LP bought a new position in Cornerstone OnDemand during the first quarter worth $237,000. Finally, Principal Financial Group Inc. boosted its position in Cornerstone OnDemand by 1.3% in the first quarter. Principal Financial Group Inc. now owns 7,211 shares of the software maker’s stock worth $280,000 after buying an additional 96 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.
Cornerstone OnDemand Company Profile
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
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