Cornerstone OnDemand, Inc. (CSOD) Director Sells $79,760.00 in Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director R C. Mark Baker sold 2,000 shares of Cornerstone OnDemand stock in a transaction on Friday, October 20th. The shares were sold at an average price of $39.88, for a total transaction of $79,760.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded up 0.23% during mid-day trading on Tuesday, hitting $39.58. 212,910 shares of the stock were exchanged. Cornerstone OnDemand, Inc. has a 52-week low of $30.31 and a 52-week high of $44.25. The stock’s market cap is $2.28 billion. The stock’s 50 day moving average is $38.90 and its 200 day moving average is $37.52.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. Cornerstone OnDemand’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.
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A number of research analysts recently weighed in on CSOD shares. B. Riley restated a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Credit Suisse Group upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $49.00 in a report on Wednesday, July 19th. BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $46.00 price target (down from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.42.
Several large investors have recently bought and sold shares of CSOD. Karp Capital Management Corp purchased a new position in shares of Cornerstone OnDemand in the first quarter worth about $355,000. Prudential Financial Inc. purchased a new position in shares of Cornerstone OnDemand in the first quarter worth about $405,000. American International Group Inc. lifted its stake in shares of Cornerstone OnDemand by 5.3% in the first quarter. American International Group Inc. now owns 30,490 shares of the software maker’s stock worth $1,186,000 after buying an additional 1,531 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Cornerstone OnDemand by 7.1% in the first quarter. Neuberger Berman Group LLC now owns 7,685 shares of the software maker’s stock worth $299,000 after buying an additional 508 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Cornerstone OnDemand by 13.4% in the first quarter. Alliancebernstein L.P. now owns 136,600 shares of the software maker’s stock worth $5,312,000 after buying an additional 16,090 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.
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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