BidaskClub upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research note published on Friday morning.
Other equities analysts have also recently issued research reports about the stock. B. Riley boosted their price objective on shares of Cornerstone OnDemand to $49.00 and gave the company a buy rating in a research report on Wednesday, March 14th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 price target on the stock in a research report on Wednesday, January 10th. Credit Suisse Group reiterated a buy rating and set a $49.00 price target on shares of Cornerstone OnDemand in a research report on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a neutral rating to a buy rating and boosted their price target for the company from $42.00 to $48.00 in a research report on Monday, January 22nd. Finally, Piper Jaffray reiterated a hold rating and set a $44.00 price target on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $44.56.
CSOD stock opened at $42.07 on Friday. Cornerstone OnDemand has a 12-month low of $33.24 and a 12-month high of $46.19. The stock has a market capitalization of $2,411.17, a price-to-earnings ratio of -60.10 and a beta of 0.58. The company has a debt-to-equity ratio of 12.89, a quick ratio of 1.21 and a current ratio of 1.21.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. The firm had revenue of $131.96 million during the quarter, compared to analysts’ expectations of $132.12 million. equities analysts predict that Cornerstone OnDemand will post -0.4 EPS for the current year.
In related news, insider Adam J. Weiss sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $45.30, for a total transaction of $181,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam L. Miller sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the sale, the chief executive officer now directly owns 3,502,640 shares in the company, valued at approximately $146,095,114.40. The disclosure for this sale can be found here. Insiders have sold 105,960 shares of company stock worth $4,465,284 in the last quarter. 12.60% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Capital Fund Management S.A. bought a new stake in Cornerstone OnDemand during the fourth quarter worth about $3,768,000. Schwab Charles Investment Management Inc. boosted its stake in Cornerstone OnDemand by 14.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 252,540 shares of the software maker’s stock worth $10,256,000 after acquiring an additional 31,529 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in Cornerstone OnDemand during the fourth quarter worth about $52,352,000. Clearbridge Investments LLC boosted its stake in Cornerstone OnDemand by 0.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock worth $90,380,000 after acquiring an additional 15,502 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Cornerstone OnDemand by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 489,619 shares of the software maker’s stock worth $17,298,000 after acquiring an additional 16,680 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors and hedge funds.
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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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