Cornerstone OnDemand (CSOD) Receives News Sentiment Score of 0.09
Press coverage about Cornerstone OnDemand (NASDAQ:CSOD) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cornerstone OnDemand earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.0218977738279 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cornerstone OnDemand, Inc. (CSOD) Director Sells $34,120.00 in Stock (americanbankingnews.com)
- Talent Management Software Market Global Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2023 (einpresswire.com)
- Learning Management Systems Market to Surpass On premise Deployment by 2024 (openpr.com)
- Time and Attendance Software Market – Global Opportunity Analysis and Industry Forecast, 2017-2023 (sbwire.com)
- See what the IHS Markit Score report has to say about Cornerstone OnDemand Inc. (finance.yahoo.com)
A number of equities analysts have recently issued reports on CSOD shares. Credit Suisse Group reiterated a “hold” rating and set a $43.00 target price on shares of Cornerstone OnDemand in a research report on Monday, May 15th. Wells Fargo & Company started coverage on shares of Cornerstone OnDemand in a research report on Thursday, May 11th. They set a “market perform” rating and a $37.00 target price on the stock. BidaskClub lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Cornerstone OnDemand in a research report on Wednesday, May 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $46.00 target price (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.43.
Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at 35.10 on Thursday. The company’s market cap is $2.02 billion. The firm’s 50-day moving average is $36.90 and its 200-day moving average is $38.28. Cornerstone OnDemand has a 52 week low of $30.31 and a 52 week high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.09. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $117 million. The company’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Cornerstone OnDemand will post $0.39 earnings per share for the current year.
In other Cornerstone OnDemand news, CEO Adam L. Miller sold 30,000 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $40.69, for a total value of $1,220,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,551,070 shares in the company, valued at $144,493,038.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Vincent Belliveau sold 11,660 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $40.00, for a total value of $466,400.00. Following the completion of the sale, the executive vice president now owns 237,043 shares of the company’s stock, valued at $9,481,720. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,820 shares of company stock valued at $3,515,104. 12.60% of the stock is currently owned by company insiders.
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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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