Cornerstone OnDemand, Inc. (CSOD) Insider Sells $390,993.28 in Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) insider David Joseph Carter sold 11,456 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $34.13, for a total value of $390,993.28. Following the completion of the sale, the insider now owns 80,184 shares in the company, valued at approximately $2,736,679.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
David Joseph Carter also recently made the following trade(s):
- On Monday, July 3rd, David Joseph Carter sold 7,731 shares of Cornerstone OnDemand stock. The shares were sold at an average price of $34.46, for a total value of $266,410.26.
Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 3.91% during midday trading on Tuesday, reaching $36.65. The company had a trading volume of 615,489 shares. The firm’s market capitalization is $2.08 billion. Cornerstone OnDemand, Inc. has a 12-month low of $30.31 and a 12-month high of $47.75. The stock’s 50 day moving average is $37.28 and its 200 day moving average is $39.60.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, May 2nd. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.06. The company had revenue of $111.58 million for the quarter, compared to analysts’ expectations of $110.23 million. Cornerstone OnDemand had a negative return on equity of 196.70% and a negative net margin of 14.89%. Equities research analysts expect that Cornerstone OnDemand, Inc. will post $0.41 earnings per share for the current year.
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CSOD has been the topic of several research reports. Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and issued a $43.00 target price on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Wells Fargo & Company initiated coverage on Cornerstone OnDemand in a research note on Thursday, May 11th. They issued a “market perform” rating and a $37.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Finally, Barclays PLC cut Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $46.00 to $32.00 in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Cornerstone OnDemand currently has an average rating of “Hold” and a consensus target price of $44.13.
Several hedge funds and other institutional investors have recently made changes to their positions in CSOD. Vanguard Group Inc. raised its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock worth $164,513,000 after buying an additional 368,783 shares during the period. RGM Capital LLC raised its stake in shares of Cornerstone OnDemand by 9.4% in the first quarter. RGM Capital LLC now owns 1,727,538 shares of the software maker’s stock worth $67,184,000 after buying an additional 148,309 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Cornerstone OnDemand by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 1,507,688 shares of the software maker’s stock worth $58,633,000 after buying an additional 51,974 shares during the period. First Trust Advisors LP raised its stake in shares of Cornerstone OnDemand by 4.6% in the first quarter. First Trust Advisors LP now owns 1,228,904 shares of the software maker’s stock worth $47,792,000 after buying an additional 54,405 shares during the period. Finally, State Street Corp raised its stake in shares of Cornerstone OnDemand by 3.4% in the first quarter. State Street Corp now owns 937,240 shares of the software maker’s stock worth $36,446,000 after buying an additional 30,638 shares during the period. 90.41% of the stock is currently owned by institutional investors.
About Cornerstone OnDemand
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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