Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $54.92, for a total transaction of $1,153,320.00. Following the completion of the transaction, the chief executive officer now directly owns 3,348,634 shares of the company’s stock, valued at $183,906,979.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NASDAQ CSOD opened at $53.02 on Monday. Cornerstone OnDemand, Inc. has a 1 year low of $33.57 and a 1 year high of $59.18. The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -75.74 and a beta of 0.86.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The business had revenue of $132.52 million for the quarter, compared to analysts’ expectations of $128.33 million. As a group, research analysts forecast that Cornerstone OnDemand, Inc. will post -0.33 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSOD. Strs Ohio lifted its stake in Cornerstone OnDemand by 175.0% in the 2nd quarter. Strs Ohio now owns 3,300 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,100 shares in the last quarter. Sun Life Financial INC purchased a new stake in Cornerstone OnDemand in the 2nd quarter worth approximately $167,000. Global X Management Co LLC purchased a new stake in Cornerstone OnDemand in the 2nd quarter worth approximately $167,000. Highland Capital Management LP purchased a new stake in Cornerstone OnDemand in the 1st quarter worth approximately $215,000. Finally, Atria Investments LLC purchased a new stake in Cornerstone OnDemand in the 2nd quarter worth approximately $265,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
Several research analysts recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Cornerstone OnDemand in a report on Wednesday, August 8th. Mitsubishi UFJ Financial Group raised their price objective on shares of Cornerstone OnDemand to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, August 14th. Barclays raised their price objective on shares of Cornerstone OnDemand from $40.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, September 7th. BidaskClub downgraded shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, ValuEngine raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand currently has an average rating of “Hold” and an average price target of $56.09.
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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