Insider Selling: Cornerstone OnDemand, Inc. (CSOD) Director Sells 2,000 Shares of Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director R C. Mark Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $39.87, for a total value of $79,740.00. Following the completion of the sale, the director now owns 26,850 shares in the company, valued at $1,070,509.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 1.10% on Monday, reaching $40.44. The company’s stock had a trading volume of 444,605 shares. Cornerstone OnDemand, Inc. has a 12 month low of $30.31 and a 12 month high of $47.75. The firm’s 50 day moving average is $36.90 and its 200-day moving average is $39.06. The firm’s market cap is $2.30 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, May 2nd. The software maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. The firm had revenue of $111.58 million for the quarter, compared to analysts’ expectations of $110.23 million. Cornerstone OnDemand had a negative net margin of 14.89% and a negative return on equity of 196.70%. On average, equities research analysts anticipate that Cornerstone OnDemand, Inc. will post $0.41 EPS for the current year.
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A number of equities research analysts recently commented on CSOD shares. Zacks Investment Research lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and set a $43.00 price target on shares of Cornerstone OnDemand in a research report on Friday, May 5th. Wells Fargo & Company started coverage on Cornerstone OnDemand in a research report on Thursday, May 11th. They set a “market perform” rating and a $37.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Cornerstone OnDemand in a research report on Wednesday, May 3rd. Finally, Barclays PLC lowered Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $46.00 to $32.00 in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.80.
Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Cornerstone OnDemand during the first quarter worth $169,000. Gradient Investments LLC bought a new stake in Cornerstone OnDemand during the second quarter worth $177,000. Oppenheimer Asset Management Inc. bought a new stake in Cornerstone OnDemand during the first quarter worth $219,000. Engineers Gate Manager LP bought a new stake in Cornerstone OnDemand during the first quarter worth $237,000. Finally, Principal Financial Group Inc. boosted its stake 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 during the last quarter. 90.43% of the stock is currently owned by hedge funds and other 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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