Cornerstone OnDemand, Inc. (CSOD) Director Joseph P. Payne Buys 3,000 Shares

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director Joseph P. Payne acquired 3,000 shares of the stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $34.32 per share, for a total transaction of $102,960.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) opened at $36.80 on Monday. Cornerstone OnDemand, Inc. has a 52 week low of $32.88 and a 52 week high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $121.80 million for the quarter, compared to analyst estimates of $118.95 million. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%. Cornerstone OnDemand’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. sell-side analysts anticipate that Cornerstone OnDemand, Inc. will post -0.66 earnings per share for the current year.

Cornerstone OnDemand declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in shares of Cornerstone OnDemand by 153.2% in the second quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock worth $102,000 after buying an additional 1,739 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Cornerstone OnDemand by 5.1% during the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after purchasing an additional 223 shares during the last quarter. Gradient Investments LLC purchased a new position in shares of Cornerstone OnDemand during the second quarter valued at approximately $177,000. Trexquant Investment LP purchased a new position in shares of Cornerstone OnDemand during the third quarter valued at approximately $230,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Cornerstone OnDemand by 530.5% during the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock valued at $231,000 after purchasing an additional 5,448 shares during the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.

Several analysts have recently weighed in on CSOD shares. Barclays raised their price objective on shares of Cornerstone OnDemand from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, November 9th. B. Riley lowered their price objective on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Thursday, November 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.56.

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Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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