Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CFO Sells $240,000.00 in Stock

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Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CFO Brian L. Swartz sold 4,000 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the sale, the chief financial officer now owns 141,603 shares of the company’s stock, valued at approximately $8,496,180. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CSOD opened at $62.06 on Friday. The firm has a fifty day simple moving average of $55.60. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -269.83 and a beta of 1.04. Cornerstone OnDemand, Inc. has a 12-month low of $45.89 and a 12-month high of $62.20. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48.

Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). The business had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. Cornerstone OnDemand’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. On average, equities analysts expect that Cornerstone OnDemand, Inc. will post -0.06 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Cornerstone OnDemand by 4.6% in the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock worth $198,271,000 after acquiring an additional 171,143 shares during the last quarter. Praesidium Investment Management Company LLC increased its stake in shares of Cornerstone OnDemand by 7.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock worth $173,587,000 after acquiring an additional 237,527 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock worth $175,560,000 after acquiring an additional 281,615 shares during the last quarter. First Trust Advisors LP increased its stake in shares of 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 worth $102,628,000 after acquiring an additional 69,446 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Cornerstone OnDemand by 44.6% in the first quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock worth $72,355,000 after acquiring an additional 407,535 shares during the last quarter. Institutional investors own 92.12% of the company’s stock.

A number of equities research analysts have recently commented on CSOD shares. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Guggenheim started coverage on Alteryx in a research report on Thursday, June 27th. They set a “buy” rating and a $107.53 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $62.36.

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 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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