ValuEngine upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research note published on Friday.
Several other equities analysts have also recently commented on the company. B. Riley boosted their target price on Cornerstone OnDemand from $49.00 to $52.00 and gave the stock a buy rating in a research report on Wednesday, May 30th. Zacks Investment Research cut Cornerstone OnDemand from a buy rating to a hold rating in a research report on Tuesday, May 15th. Needham & Company LLC boosted their target price on Cornerstone OnDemand from $55.00 to $60.00 and gave the stock a strong-buy rating in a research report on Tuesday, May 15th. Credit Suisse Group restated an outperform rating and set a $55.00 target price on shares of Cornerstone OnDemand in a research report on Thursday, May 10th. Finally, JMP Securities boosted their target price on Cornerstone OnDemand from $48.00 to $60.00 and gave the stock an outperform rating in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $49.89.
NASDAQ:CSOD opened at $52.21 on Friday. Cornerstone OnDemand has a 52-week low of $33.24 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 8.85, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $2.99 billion, a P/E ratio of -74.59 and a beta of 0.56.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, May 8th. The software maker reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.08. Cornerstone OnDemand had a negative return on equity of 119.83% and a negative net margin of 12.18%. The business had revenue of $133.11 million during the quarter, compared to analysts’ expectations of $126.95 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. research analysts forecast that Cornerstone OnDemand will post -0.28 earnings per share for the current year.
In other news, insider Adam J. Weiss sold 2,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $42.23, for a total value of $84,460.00. Following the completion of the transaction, the insider now directly owns 120,095 shares in the company, valued at approximately $5,071,611.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mark Goldin sold 6,047 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $46.74, for a total value of $282,636.78. Following the completion of the transaction, the chief technology officer now owns 150,615 shares of the company’s stock, valued at $7,039,745.10. The disclosure for this sale can be found here. Insiders sold a total of 78,158 shares of company stock valued at $3,664,944 over the last quarter. Company insiders own 11.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CSOD. Carillon Tower Advisers Inc. purchased a new position in shares of Cornerstone OnDemand in the 4th quarter worth about $52,352,000. Millennium Management LLC boosted its holdings in shares of Cornerstone OnDemand by 231.6% in the 4th quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after purchasing an additional 356,032 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Cornerstone OnDemand by 13.5% in the 4th quarter. First Trust Advisors LP now owns 1,757,191 shares of the software maker’s stock worth $62,082,000 after purchasing an additional 209,082 shares in the last quarter. University of Notre Dame DU Lac purchased a new position in shares of Cornerstone OnDemand in the 4th quarter worth about $7,319,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cornerstone OnDemand by 34.7% in the 1st quarter. Victory Capital Management Inc. now owns 659,649 shares of the software maker’s stock worth $25,799,000 after purchasing an additional 170,030 shares in the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.
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 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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