Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has been given an average recommendation of “Buy” by the fourteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.20.
Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Goldman Sachs Group began coverage on shares of Cornerstone OnDemand in a report on Friday, February 1st. They issued a “neutral” rating and a $56.00 price target on the stock. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $70.00 price target (up from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 4,562 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $56.91, for a total value of $259,623.42. Following the transaction, the chief executive officer now directly owns 2,450,140 shares of the company’s stock, valued at approximately $139,437,467.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam L. Miller sold 21,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.89, for a total transaction of $1,131,690.00. Following the completion of the transaction, the chief executive officer now directly owns 2,369,458 shares in the company, valued at $127,690,091.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,342 shares of company stock worth $7,969,532. Insiders own 9.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CSOD. JPMorgan Chase & Co. increased its holdings in shares of Cornerstone OnDemand by 10,564.1% during the third quarter. JPMorgan Chase & Co. now owns 1,183,075 shares of the software maker’s stock worth $67,140,000 after purchasing an additional 1,171,981 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Cornerstone OnDemand by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 263,005 shares of the software maker’s stock worth $14,926,000 after purchasing an additional 8,886 shares during the period. AQR Capital Management LLC bought a new position in shares of Cornerstone OnDemand during the third quarter worth approximately $679,000. Vanguard Group Inc. increased its holdings in shares of Cornerstone OnDemand by 3.5% during the third quarter. Vanguard Group Inc. now owns 4,738,027 shares of the software maker’s stock worth $268,882,000 after purchasing an additional 159,877 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in shares of Cornerstone OnDemand by 769.5% during the third quarter. Federated Investors Inc. PA now owns 278,853 shares of the software maker’s stock worth $15,825,000 after purchasing an additional 246,781 shares during the period. 93.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:CSOD opened at $54.19 on Thursday. Cornerstone OnDemand has a 52-week low of $45.89 and a 52-week high of $60.19. The stock has a market capitalization of $3.10 billion, a P/E ratio of -235.61 and a beta of 1.11. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm had revenue of $140.10 million during the quarter, compared to analyst estimates of $135.51 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that Cornerstone OnDemand will post -0.07 EPS for the current year.
About Cornerstone OnDemand
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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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