Harold W. Burlingame Sells 2,000 Shares of Cornerstone OnDemand, Inc. (CSOD) Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director Harold W. Burlingame sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the director now owns 48,150 shares of the company’s stock, valued at $1,926,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded down 1.83% on Monday, reaching $40.32. 2,068,441 shares of the company were exchanged. Cornerstone OnDemand, Inc. has a 52 week low of $30.31 and a 52 week high of $47.32. The stock’s market capitalization is $2.32 billion. The stock has a 50-day moving average price of $35.83 and a 200 day moving average price of $37.56.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 earnings per share for the current year.
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Several equities research analysts have recently commented on CSOD shares. Barclays PLC downgraded shares of Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $46.00 to $32.00 in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Needham & Company LLC upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Friday, July 14th. Credit Suisse Group upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $49.00 in a research note on Wednesday, July 19th. Finally, B. Riley reiterated a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.69.
A number of large investors have recently modified their holdings of CSOD. Nationwide Fund Advisors boosted its stake in Cornerstone OnDemand by 1.0% during the 1st quarter. Nationwide Fund Advisors now owns 50,272 shares of the software maker’s stock worth $1,955,000 after purchasing an additional 520 shares during the period. Russell Investments Group Ltd. boosted its stake in Cornerstone OnDemand by 37.9% during the 1st quarter. Russell Investments Group Ltd. now owns 185,296 shares of the software maker’s stock worth $7,206,000 after purchasing an additional 50,900 shares during the period. Swiss National Bank boosted its stake in Cornerstone OnDemand by 1.1% during the 1st quarter. Swiss National Bank now owns 88,300 shares of the software maker’s stock worth $3,434,000 after purchasing an additional 1,000 shares during the period. Karp Capital Management Corp acquired a new stake in Cornerstone OnDemand during the 1st quarter worth $355,000. Finally, Engineers Gate Manager LP acquired a new stake in Cornerstone OnDemand during the 1st quarter worth $237,000. Hedge funds and other institutional investors own 91.65% 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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