Cornerstone OnDemand, Inc. (CSOD) CEO Sells $1,251,300.00 in Stock

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the completion of the sale, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at $146,095,114.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded down $0.53 during trading on Monday, reaching $41.61. 337,268 shares of the company’s stock traded hands, compared to its average volume of 506,272. The company has a market cap of $2,439.96, a PE ratio of -33.54 and a beta of 0.50. Cornerstone OnDemand, Inc. has a 52-week low of $33.24 and a 52-week high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.12 earnings per share 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 analysts’ expectations 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 was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. research analysts predict that Cornerstone OnDemand, Inc. will post -0.66 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Cornerstone OnDemand by 0.9% during the second quarter. Vanguard Group Inc. now owns 4,267,865 shares of the software maker’s stock worth $152,575,000 after purchasing an additional 37,652 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Cornerstone OnDemand by 4.7% during the third quarter. Eagle Asset Management Inc. now owns 2,222,813 shares of the software maker’s stock worth $90,601,000 after purchasing an additional 98,856 shares during the period. First Trust Advisors LP increased its holdings in shares of Cornerstone OnDemand by 0.6% during the third quarter. First Trust Advisors LP now owns 1,548,109 shares of the software maker’s stock worth $62,869,000 after purchasing an additional 9,874 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Cornerstone OnDemand by 116.7% during the third quarter. Alyeska Investment Group L.P. now owns 1,027,302 shares of the software maker’s stock worth $41,719,000 after purchasing an additional 553,191 shares during the period. Finally, State Street Corp increased its holdings in shares of Cornerstone OnDemand by 6.0% during the second quarter. State Street Corp now owns 993,704 shares of the software maker’s stock worth $35,529,000 after purchasing an additional 56,464 shares during the period. 93.35% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on CSOD. B. Riley cut their target price on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price target on shares of Cornerstone OnDemand in a report on Tuesday, January 23rd. JPMorgan Chase & Co. raised shares of Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $49.00 price target on shares of Cornerstone OnDemand in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $43.56.

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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.

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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