Cornerstone OnDemand (NASDAQ:CSOD) Upgraded at BidaskClub

Cornerstone OnDemand (NASDAQ:CSOD) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

Several other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JMP Securities lifted their price objective on shares of Cornerstone OnDemand from $65.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 6th. Bank of America boosted their target price on shares of Cornerstone OnDemand from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Mizuho started coverage on shares of Cornerstone OnDemand in a research report on Wednesday, August 21st. They set a “buy” rating and a $65.00 target price for the company. Finally, Guggenheim started coverage on shares of Cornerstone OnDemand in a research report on Thursday, June 27th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand presently has an average rating of “Buy” and a consensus price target of $63.88.

NASDAQ CSOD opened at $56.00 on Friday. The firm’s fifty day simple moving average is $54.11 and its two-hundred day simple moving average is $55.09. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.66. The firm has a market capitalization of $3.33 billion, a P/E ratio of -243.48 and a beta of 1.10.



Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Monday, August 5th. The software maker reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $141.90 million for the quarter, compared to analyst estimates of $138.83 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Cornerstone OnDemand will post 0.47 earnings per share for the current fiscal year.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 75,000 shares of Cornerstone OnDemand stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $61.05, for a total value of $4,578,750.00. Following the completion of the transaction, the chief executive officer now owns 2,253,358 shares of the company’s stock, valued at $137,567,505.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kristina Salen sold 9,740 shares of Cornerstone OnDemand stock in a transaction 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 completion of the transaction, the director now directly 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. Insiders have sold 173,544 shares of company stock valued at $9,832,797 over the last 90 days. 9.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in Cornerstone OnDemand in the second quarter valued at $28,000. Point72 Hong Kong Ltd increased its holdings in Cornerstone OnDemand by 3,574.2% in the second quarter. Point72 Hong Kong Ltd now owns 1,139 shares of the software maker’s stock valued at $66,000 after buying an additional 1,108 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Cornerstone OnDemand in the second quarter valued at $129,000. Nelson Roberts Investment Advisors LLC purchased a new position in Cornerstone OnDemand in the second quarter valued at $148,000. Finally, Contravisory Investment Management Inc. purchased a new position in Cornerstone OnDemand in the second quarter valued at $154,000. 92.16% of the stock is owned by institutional investors.

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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