ValuEngine Lowers Cornerstone OnDemand (CSOD) to Hold

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ValuEngine lowered shares of Cornerstone OnDemand (NASDAQ:CSOD) from a buy rating to a hold rating in a report issued on Friday, ValuEngine reports.

A number of other analysts have also issued reports on the stock. BidaskClub upgraded shares of Cornerstone OnDemand from a hold rating to a buy rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered shares of Cornerstone OnDemand from a buy rating to a hold rating in a research note on Tuesday, April 2nd. JMP Securities reiterated a buy rating and set a $65.00 price objective on shares of Cornerstone OnDemand in a research note on Sunday, February 17th. TheStreet upgraded shares of Cornerstone OnDemand from a d rating to a c rating in a research note on Wednesday, February 13th. Finally, Bank of America lifted their price objective on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the company a buy rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $62.36.

NASDAQ CSOD opened at $53.77 on Friday. Cornerstone OnDemand has a one year low of $45.89 and a one year high of $60.19. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.43 and a current ratio of 1.48. The company has a market capitalization of $3.19 billion, a P/E ratio of -233.78 and a beta of 1.11.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The business had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Cornerstone OnDemand will post -0.08 EPS for the current year.

In related news, CEO Adam L. Miller sold 25,320 shares of Cornerstone OnDemand stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $53.96, for a total value of $1,366,267.20. Following the completion of the sale, the chief executive officer now owns 2,441,258 shares in the company, valued at $131,730,281.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Goldin sold 6,736 shares of Cornerstone OnDemand stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $60.00, for a total transaction of $404,160.00. The disclosure for this sale can be found here. Insiders have sold 157,078 shares of company stock worth $8,673,692 in the last quarter. Insiders own 11.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisor Group Inc. increased its stake in shares of Cornerstone OnDemand by 164.0% in the fourth quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock worth $43,000 after buying an additional 528 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Cornerstone OnDemand by 245.0% in the fourth quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after buying an additional 767 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Cornerstone OnDemand in the first quarter worth $76,000. US Bancorp DE increased its stake in shares of Cornerstone OnDemand by 55.3% in the first quarter. US Bancorp DE now owns 1,707 shares of the software maker’s stock worth $94,000 after buying an additional 608 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Cornerstone OnDemand in the first quarter worth $150,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

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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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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