Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director R C. Mark Baker sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $44.84, for a total transaction of $179,360.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Cornerstone OnDemand, Inc. (CSOD) opened at $43.52 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 12.89. Cornerstone OnDemand, Inc. has a fifty-two week low of $33.24 and a fifty-two week high of $46.19.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $131.96 million during the quarter, compared to analysts’ expectations of $132.12 million. Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. analysts forecast that Cornerstone OnDemand, Inc. will post -0.4 EPS for the current year.
Large investors have recently modified their holdings of the company. Capital Fund Management S.A. purchased a new stake in shares of Cornerstone OnDemand in the fourth quarter valued at about $3,768,000. Sei Investments Co. lifted its stake in shares of Cornerstone OnDemand by 10.2% in the third quarter. Sei Investments Co. now owns 155,935 shares of the software maker’s stock valued at $6,332,000 after purchasing an additional 14,384 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Cornerstone OnDemand by 14.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 252,540 shares of the software maker’s stock valued at $10,256,000 after purchasing an additional 31,529 shares during the period. Nordea Investment Management AB lifted its stake in shares of Cornerstone OnDemand by 17.8% in the third quarter. Nordea Investment Management AB now owns 57,676 shares of the software maker’s stock valued at $2,342,000 after purchasing an additional 8,726 shares during the period. Finally, Soma Equity Partners LP lifted its stake in shares of Cornerstone OnDemand by 260.3% in the third quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock valued at $36,468,000 after purchasing an additional 648,773 shares during the period. 97.62% of the stock is currently owned by institutional investors and hedge funds.
CSOD has been the topic of several research reports. BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, January 10th. Credit Suisse Group reissued a “buy” rating and set a $49.00 price objective on shares of Cornerstone OnDemand in a research report on Thursday, January 18th. Bank of America raised shares of Cornerstone OnDemand from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $48.00 in a research report on Monday, January 22nd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $44.00 price objective on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and two have 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 $44.56.
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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.
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