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.

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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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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