Cornerstone OnDemand, Inc. (NASDAQ:CSOD) EVP Vincent Belliveau sold 11,660 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $40.00, for a total transaction of $466,400.00. Following the completion of the sale, the executive vice president now directly owns 237,043 shares of the company’s stock, valued at approximately $9,481,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded up 0.09% during midday trading on Friday, hitting $34.22. 375,177 shares of the stock were exchanged. The company’s 50 day moving average is $36.95 and its 200 day moving average is $38.44. The company’s market capitalization is $1.97 billion. Cornerstone OnDemand, Inc. has a 1-year low of $30.31 and a 1-year high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The company had revenue of $116.70 million during the quarter, compared to the consensus estimate of $117 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Cornerstone OnDemand, Inc. will post $0.39 earnings per share for the current fiscal year.
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Several brokerages have commented on CSOD. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $46.00 price target (down previously from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.43.
A number of hedge funds have recently modified their holdings of the company. Eagle Asset Management Inc. raised its stake in shares of Cornerstone OnDemand by 40.9% in the second quarter. Eagle Asset Management Inc. now owns 2,123,957 shares of the software maker’s stock valued at $75,931,000 after buying an additional 616,269 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock valued at $164,513,000 after buying an additional 368,783 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Cornerstone OnDemand by 25.2% in the second quarter. First Trust Advisors LP now owns 1,538,235 shares of the software maker’s stock valued at $54,992,000 after buying an additional 309,331 shares in the last quarter. Norges Bank purchased a new stake in shares of Cornerstone OnDemand during the fourth quarter valued at about $11,655,000. Finally, Garelick Capital Partners LP purchased a new stake in shares of Cornerstone OnDemand during the first quarter valued at about $9,620,000. 89.56% of the stock is owned by institutional investors and hedge funds.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
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