According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “
A number of other research firms also recently issued reports on CSOD. ValuEngine downgraded Cornerstone OnDemand from a buy rating to a hold rating in a report on Friday, August 2nd. JMP Securities raised their price target on Cornerstone OnDemand from $65.00 to $70.00 and gave the company a market outperform rating in a report on Tuesday, August 6th. Bank of America raised their price target on Cornerstone OnDemand from $68.00 to $70.00 and gave the company a buy rating in a report on Monday, September 9th. TheStreet downgraded Cornerstone OnDemand from a c rating to a d+ rating in a report on Tuesday, August 13th. Finally, BidaskClub upgraded Cornerstone OnDemand from a sell rating to a hold rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand presently has an average rating of Buy and an average price target of $63.88.
CSOD opened at $56.00 on Tuesday. The stock has a fifty day simple moving average of $54.11 and a two-hundred day simple moving average of $55.09. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.66.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Monday, August 5th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $141.90 million during the quarter, compared to the consensus estimate of $138.83 million. Cornerstone OnDemand had a negative return on equity of 11.18% and a negative net margin of 3.23%. Cornerstone OnDemand’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. Research analysts forecast that Cornerstone OnDemand will post 0.47 earnings per share for the current fiscal year.
In other news, CEO Adam L. Miller sold 75,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $61.05, for a total transaction of $4,578,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,253,358 shares in the company, valued at $137,567,505.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dean E. Carter sold 3,064 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $53.96, for a total value of $165,333.44. Following the transaction, the director now owns 24,310 shares of the company’s stock, valued at $1,311,767.60. The disclosure for this sale can be found here. Insiders have sold 173,544 shares of company stock valued at $9,832,797 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Cornerstone OnDemand by 4.5% during the second quarter. Vanguard Group Inc. now owns 5,385,836 shares of the software maker’s stock valued at $312,002,000 after buying an additional 232,590 shares during the last quarter. BlackRock Inc. boosted its position in shares of Cornerstone OnDemand by 4.6% during the second quarter. BlackRock Inc. now owns 4,332,007 shares of the software maker’s stock valued at $250,953,000 after buying an additional 192,091 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Cornerstone OnDemand by 9.6% during the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock valued at $175,560,000 after buying an additional 281,615 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Cornerstone OnDemand by 23.2% during the second quarter. First Trust Advisors LP now owns 2,308,446 shares of the software maker’s stock valued at $133,728,000 after buying an additional 434,990 shares during the last quarter. Finally, RGM Capital LLC boosted its position in shares of Cornerstone OnDemand by 5.7% during the second quarter. RGM Capital LLC now owns 1,882,637 shares of the software maker’s stock valued at $109,061,000 after buying an additional 101,773 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors.
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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