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.
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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