Cornerstone OnDemand (NASDAQ:CSOD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Credit Suisse Group in a note issued to investors on Thursday. They currently have a $49.00 price objective on the software maker’s stock. Credit Suisse Group’s target price would indicate a potential upside of 24.75% from the company’s previous close.

CSOD has been the topic of several other research reports. Piper Jaffray Companies lowered shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. B. Riley reduced their price target on shares of 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, BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.89.

Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $39.28 on Thursday. The company has a market cap of $2,254.68, a P/E 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, beating the Thomson Reuters’ 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 net margin of 15.45% and a negative return on equity of 173.27%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. analysts predict that Cornerstone OnDemand will post -0.66 earnings per share for the current year.

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

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 2,000 shares of the business’s stock in a transaction 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 owns 25,850 shares in the company, valued at $1,030,898. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R C. Mark Baker sold 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $34.81, for a total transaction of $104,430.00. Following the completion of the transaction, the director now owns 24,850 shares of the company’s stock, valued at approximately $865,028.50. The disclosure for this sale can be found here. In the last three months, insiders sold 8,000 shares of company stock worth $295,040. 12.60% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of CSOD. Schwab Charles Investment Management Inc. grew its stake in shares of Cornerstone OnDemand by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 221,011 shares of the software maker’s stock worth $7,902,000 after acquiring an additional 14,642 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Cornerstone OnDemand by 15.8% in the second quarter. Legal & General Group Plc now owns 18,702 shares of the software maker’s stock worth $669,000 after acquiring an additional 2,554 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Cornerstone OnDemand by 530.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock worth $231,000 after acquiring an additional 5,448 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Cornerstone OnDemand by 2.5% in the second quarter. Prudential Financial Inc. now owns 10,678 shares of the software maker’s stock worth $382,000 after acquiring an additional 260 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Cornerstone OnDemand by 1.3% in the second quarter. Principal Financial Group Inc. now owns 7,306 shares of the software maker’s stock worth $261,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.

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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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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