Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller Sells 21,000 Shares

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $51.83, for a total transaction of $1,088,430.00. Following the transaction, the chief executive officer now directly owns 2,209,968 shares in the company, valued at approximately $114,542,641.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of CSOD opened at $52.38 on Friday. Cornerstone OnDemand, Inc. has a 12-month low of $45.89 and a 12-month high of $62.66. The company’s 50-day moving average price is $57.48 and its 200 day moving average price is $55.67. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.50 and a current ratio of 1.50.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Monday, August 5th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $141.90 million during the quarter, compared to analysts’ expectations of $138.83 million. Cornerstone OnDemand had a negative net margin of 3.23% and a negative return on equity of 11.18%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. On average, analysts forecast that Cornerstone OnDemand, Inc. will post 0.47 earnings per share for the current fiscal year.



Several research analysts have recently weighed in on the stock. JMP Securities boosted their price target on shares of Cornerstone OnDemand from $65.00 to $70.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. ValuEngine cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. BidaskClub cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Saturday, August 17th. Mizuho began coverage on shares of Cornerstone OnDemand in a research report on Wednesday. They set a “buy” rating and a $65.00 price target on the stock. Finally, Guggenheim began coverage on shares of Cornerstone OnDemand in a report on Thursday, June 27th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.60.

Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in Cornerstone OnDemand in the 2nd quarter valued at about $28,000. Point72 Hong Kong Ltd increased its stake in Cornerstone OnDemand by 3,574.2% during the second quarter. Point72 Hong Kong Ltd now owns 1,139 shares of the software maker’s stock worth $66,000 after purchasing an additional 1,108 shares during the period. Manchester Capital Management LLC purchased a new stake in Cornerstone OnDemand during the first quarter worth about $76,000. Meeder Asset Management Inc. purchased a new stake in Cornerstone OnDemand during the second quarter worth about $129,000. Finally, Nelson Roberts Investment Advisors LLC purchased a new stake in Cornerstone OnDemand during the second quarter worth about $148,000. Hedge funds and other institutional investors own 90.80% 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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