Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Receives Average Recommendation of “Buy” from Analysts

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Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.43.

Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Mizuho began coverage on shares of Cornerstone OnDemand in a report on Wednesday, August 21st. They set a “buy” rating and a $65.00 price objective for the company. Guggenheim began coverage on shares of Cornerstone OnDemand in a report on Thursday, June 27th. They set a “buy” rating for the company. BidaskClub upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th.

In related news, CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.72, for a total transaction of $1,149,120.00. Following the completion of the transaction, the chief executive officer now owns 2,225,968 shares in the company, valued at $121,804,968.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kristina Salen sold 9,740 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $54.78, for a total transaction of $533,557.20. Following the transaction, the director now owns 19,030 shares of the company’s stock, valued at approximately $1,042,463.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,544 shares of company stock valued at $9,832,797. Corporate insiders own 9.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Cornerstone OnDemand by 4.5% in 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 in the last quarter. BlackRock Inc. lifted its stake in Cornerstone OnDemand by 4.6% in 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 in the last quarter. Clearbridge Investments LLC lifted 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 buying an additional 281,615 shares in the last quarter. First Trust Advisors LP lifted its stake in Cornerstone OnDemand by 23.2% in 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 in the last quarter. Finally, RGM Capital LLC lifted its stake in Cornerstone OnDemand by 5.7% in 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 in the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CSOD opened at $56.00 on Friday. Cornerstone OnDemand has a one year low of $45.89 and a one year high of $62.66. The company has a 50 day moving average of $54.11 and a 200-day moving average of $55.09. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -243.48 and a beta of 1.10.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Monday, August 5th. The software maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Cornerstone OnDemand had a negative return on equity of 11.18% and a negative net margin of 3.23%. The business had revenue of $141.90 million for the quarter, compared to analyst estimates of $138.83 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Cornerstone OnDemand will post 0.47 earnings per share for the current year.

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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