Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 75,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $61.05, for a total value of $4,578,750.00. Following the completion of the sale, the chief executive officer now owns 2,253,358 shares in the company, valued at approximately $137,567,505.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
CSOD opened at $59.98 on Friday. The company has a market capitalization of $3.63 billion, a PE ratio of -260.78 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.88. Cornerstone OnDemand, Inc. has a 52 week low of $45.89 and a 52 week high of $62.66. The company has a fifty day moving average price of $56.65.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). The firm had revenue of $140.10 million during the quarter, compared to the consensus estimate of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities research analysts predict that Cornerstone OnDemand, Inc. will post -0.06 EPS for the current year.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Guggenheim assumed coverage on Alteryx in a research report on Thursday, June 27th. They issued a “buy” rating and a $107.53 price objective on the stock. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Cornerstone OnDemand presently has an average rating of “Buy” and a consensus price target of $62.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Cornerstone OnDemand by 4.6% in the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock valued at $198,271,000 after acquiring an additional 171,143 shares during the last quarter. Clearbridge Investments LLC increased its stake in Cornerstone OnDemand by 9.6% in the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock valued at $175,560,000 after acquiring an additional 281,615 shares during the last quarter. First Trust Advisors LP increased its stake in Cornerstone OnDemand by 3.8% in the first quarter. First Trust Advisors LP now owns 1,873,456 shares of the software maker’s stock valued at $102,628,000 after acquiring an additional 69,446 shares during the last quarter. FMR LLC increased its stake in Cornerstone OnDemand by 44.6% in the first quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock valued at $72,355,000 after acquiring an additional 407,535 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Cornerstone OnDemand by 4.5% in the first quarter. Victory Capital Management Inc. now owns 1,290,289 shares of the software maker’s stock valued at $70,682,000 after acquiring an additional 54,990 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.
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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