Somewhat Critical Press Coverage Very Likely to Impact Cornerstone OnDemand (CSOD) Share Price
Media headlines about Cornerstone OnDemand (NASDAQ:CSOD) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cornerstone OnDemand earned a news impact score of -0.12 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the next several days.
Cornerstone OnDemand (NASDAQ CSOD) traded up 0.56% on Thursday, reaching $39.27. The company’s stock had a trading volume of 753,972 shares. The stock’s 50 day moving average price is $37.42 and its 200 day moving average price is $38.95. Cornerstone OnDemand has a 12 month low of $30.31 and a 12 month high of $47.75. The company’s market cap is $2.23 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.06. Cornerstone OnDemand had a negative return on equity of 196.70% and a negative net margin of 14.89%. The firm had revenue of $111.58 million during the quarter, compared to the consensus estimate of $110.23 million. Equities research analysts forecast that Cornerstone OnDemand will post $0.41 earnings per share for the current year.
A number of brokerages recently commented on CSOD. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Barclays PLC cut Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $32.00 in a research note on Tuesday, June 20th. Needham & Company LLC raised Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Friday, July 14th. BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Credit Suisse Group raised Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $49.00 in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Hold” and a consensus price target of $44.80.
In other news, insider David Joseph Carter sold 7,731 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $34.46, for a total transaction of $266,410.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Adam J. Weiss sold 5,786 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $34.46, for a total transaction of $199,385.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,820 shares of company stock valued at $3,668,934. Company insiders own 12.60% of the company’s stock.
Cornerstone OnDemand Company Profile
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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