Kirsten Maas Helvey Sells 10,940 Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) COO Kirsten Maas Helvey sold 10,940 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $34.11, for a total value of $373,163.40. Following the completion of the sale, the chief operating officer now owns 78,842 shares in the company, valued at approximately $2,689,300.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Kirsten Maas Helvey also recently made the following trade(s):
- On Monday, July 3rd, Kirsten Maas Helvey sold 8,247 shares of Cornerstone OnDemand stock. The shares were sold at an average price of $34.46, for a total value of $284,191.62.
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 issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.06. The business had revenue of $111.58 million for the quarter, compared to analyst estimates 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. 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, April 19th. B. Riley restated a “buy” rating and issued a $47.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. 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. Finally, Wells Fargo & Company assumed coverage on Cornerstone OnDemand in a research note on Thursday, May 11th. They set a “market perform” rating and a $37.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Cornerstone OnDemand has an average rating of “Hold” and an average price target of $44.13.
Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $169,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $219,000. Engineers Gate Manager LP purchased a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $237,000. Principal Financial Group Inc. raised its stake in shares of Cornerstone OnDemand by 1.3% in the first quarter. Principal Financial Group Inc. now owns 7,211 shares of the software maker’s stock valued at $280,000 after buying an additional 96 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $288,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.
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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