Zacks Investment Research Lowers Cornerstone OnDemand (NASDAQ:CSOD) to Hold

Zacks Investment Research downgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “

CSOD has been the topic of a number of other reports. DA Davidson raised their price target on shares of Cornerstone OnDemand from $50.00 to $65.00 and gave the company a buy rating in a report on Wednesday, February 17th. Barclays boosted their price target on shares of Cornerstone OnDemand from $48.00 to $51.00 and gave the stock an overweight rating in a report on Monday, January 11th. Needham & Company LLC boosted their price target on shares of Cornerstone OnDemand from $50.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, February 17th. BMO Capital Markets lifted their target price on shares of Cornerstone OnDemand from $47.00 to $63.00 and gave the stock a market perform rating in a research note on Wednesday, February 17th. Finally, JMP Securities boosted their price target on shares of Cornerstone OnDemand from $61.00 to $83.00 in a research report on Wednesday, February 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $56.10.

Shares of CSOD stock opened at $43.91 on Tuesday. The company has a 50 day moving average of $45.90 and a 200-day moving average of $43.99. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 5.00. Cornerstone OnDemand has a 12-month low of $29.49 and a 12-month high of $55.50. The firm has a market cap of $2.86 billion, a P/E ratio of -86.10, a PEG ratio of 1.65 and a beta of 1.37.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Monday, February 15th. The software maker reported $0.64 EPS for the quarter, topping the consensus estimate of $0.27 by $0.37. Cornerstone OnDemand had a negative net margin of 4.70% and a positive return on equity of 51.19%. The business had revenue of $206.92 million for the quarter, compared to analyst estimates of $196.72 million. As a group, equities analysts expect that Cornerstone OnDemand will post 0.54 EPS for the current year.

In related news, insider Adam L. Miller sold 39,310 shares of Cornerstone OnDemand stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $48.91, for a total transaction of $1,922,652.10. Following the completion of the sale, the insider now owns 1,814,093 shares in the company, valued at approximately $88,727,288.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam J. Weiss sold 4,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $52.00, for a total value of $208,000.00. Following the sale, the insider now owns 171,072 shares of the company’s stock, valued at approximately $8,895,744. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,520 shares of company stock valued at $2,969,195. Company insiders own 7.20% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Cornerstone OnDemand by 5.8% in the 4th quarter. Victory Capital Management Inc. now owns 10,173 shares of the software maker’s stock worth $448,000 after buying an additional 559 shares during the last quarter. Swiss National Bank boosted its stake in Cornerstone OnDemand by 0.5% in the 4th quarter. Swiss National Bank now owns 123,600 shares of the software maker’s stock worth $5,443,000 after buying an additional 600 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Cornerstone OnDemand by 18.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,840 shares of the software maker’s stock valued at $169,000 after purchasing an additional 600 shares in the last quarter. Oder Investment Management LLC acquired a new position in shares of Cornerstone OnDemand in the 4th quarter valued at about $65,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cornerstone OnDemand by 5.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 36,569 shares of the software maker’s stock valued at $1,610,000 after buying an additional 1,727 shares during the period. 79.87% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and people development solutions as software-as-a-service worldwide. Its enterprise people development solutions comprise learning solutions, which provide learning management software to scale with the organization and support compliance, knowledge sharing, and employee-driven development training to close skills gaps; content solution, which provides learning content from its own studios and various quality partners; performance solutions, which provide tools to manage goal setting, performance reviews, competency assessments, compensation management, and succession planning; careers solution, which helps employees understand how to get from their current position to future strategic roles with continuous feedback, goal setting, development plans, career exploration, and engagement survey tools; recruiting solutions, which help organizations to attract, hire, and onboard the right employees; and HR solution, which provides an aggregated view of employee data with workforce planning, self-service management, and compliance reporting capabilities.

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