Cornerstone OnDemand (NASDAQ:CSOD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $44.00 price objective on the software maker’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.02% from the company’s current price.

According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “

Other equities analysts have also issued reports about the company. Barclays boosted their price target on Cornerstone OnDemand from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. raised Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 8th. BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. B. Riley reduced their price target on Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.89.

Cornerstone OnDemand (CSOD) traded up $0.34 during trading on Wednesday, reaching $39.28. The company had a trading volume of 484,965 shares, compared to its average volume of 525,936. The firm has a market cap of $2,268.00, a price-to-earnings ratio of -31.42 and a beta of 0.50. Cornerstone OnDemand has a 12-month low of $33.24 and a 12-month high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $121.80 million for the quarter, compared to analyst estimates of $118.95 million. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. Cornerstone OnDemand’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. research analysts forecast that Cornerstone OnDemand will post -0.66 EPS for the current year.

Cornerstone OnDemand declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Cornerstone OnDemand news, Director Joseph P. Payne bought 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $34.32 per share, with a total value of $102,960.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director R C. Mark Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $39.88, for a total value of $79,760.00. Following the completion of the transaction, the director now directly owns 25,850 shares in the company, valued at $1,030,898. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock worth $295,040. 12.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in shares of Cornerstone OnDemand by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 7,306 shares of the software maker’s stock valued at $261,000 after acquiring an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Cornerstone OnDemand by 5.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after acquiring an additional 223 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Cornerstone OnDemand by 2.5% during the 2nd quarter. Prudential Financial Inc. now owns 10,678 shares of the software maker’s stock valued at $382,000 after acquiring an additional 260 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Cornerstone OnDemand by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 45,300 shares of the software maker’s stock valued at $1,619,000 after acquiring an additional 344 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Cornerstone OnDemand by 8.7% during the 2nd quarter. Amalgamated Bank now owns 6,704 shares of the software maker’s stock valued at $240,000 after acquiring an additional 535 shares in the last quarter. 95.76% of the stock is currently owned by institutional investors and hedge funds.

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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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