Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $50.54, for a total transaction of $1,061,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cornerstone OnDemand traded up $1.40, reaching $52.45, during midday trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 571,532 shares, compared to its average volume of 542,166. Cornerstone OnDemand, Inc. has a 1-year low of $33.24 and a 1-year high of $53.75. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 8.85. The firm has a market capitalization of $2.90 billion, a PE ratio of -73.74 and a beta of 0.60.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, May 8th. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $133.11 million for the quarter, compared to analyst estimates of $126.95 million. Cornerstone OnDemand had a negative net margin of 12.18% and a negative return on equity of 119.83%. Cornerstone OnDemand’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. analysts anticipate that Cornerstone OnDemand, Inc. will post -0.28 EPS for the current fiscal year.
A number of research firms have issued reports on CSOD. Barclays increased their target price on shares of Cornerstone OnDemand from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. B. Riley increased their target price on shares of Cornerstone OnDemand from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. BidaskClub downgraded shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 23rd. Finally, ValuEngine upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.78.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Highland Capital Management LP acquired a new stake in Cornerstone OnDemand in the 1st quarter worth $215,000. J. Goldman & Co LP acquired a new stake in Cornerstone OnDemand in the 4th quarter worth $201,000. SG Americas Securities LLC grew its position in Cornerstone OnDemand by 75.2% in the 1st quarter. SG Americas Securities LLC now owns 6,884 shares of the software maker’s stock worth $269,000 after purchasing an additional 2,954 shares during the last quarter. HBK Investments L P acquired a new stake in Cornerstone OnDemand in the 4th quarter worth $266,000. Finally, Quantbot Technologies LP grew its position in Cornerstone OnDemand by 108.5% in the 1st quarter. Quantbot Technologies LP now owns 8,529 shares of the software maker’s stock worth $333,000 after purchasing an additional 4,439 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.
Cornerstone OnDemand Company Profile
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.
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