Adam L. Miller Sells 6,000 Shares of Cornerstone OnDemand, Inc. (CSOD) Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 6,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $40.81, for a total transaction of $244,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) opened at 40.85 on Friday. Cornerstone OnDemand, Inc. has a one year low of $30.31 and a one year high of $44.77. The stock has a 50 day moving average of $37.43 and a 200 day moving average of $37.45. The stock’s market cap is $2.35 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. Cornerstone OnDemand’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.
A number of research analysts recently commented on CSOD shares. Needham & Company LLC raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Friday, July 14th. BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Credit Suisse Group raised shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and increased their target price for the company from $43.00 to $49.00 in a research report on Wednesday, July 19th. Barclays PLC downgraded shares of Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $46.00 to $32.00 in a research report on Tuesday, June 20th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $46.00 price objective (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand currently has an average rating of “Hold” and an average target price of $43.42.
Several institutional investors have recently added to or reduced their stakes in CSOD. Quantbot Technologies LP grew its position in shares of Cornerstone OnDemand by 153.2% during the second quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock worth $102,000 after acquiring an additional 1,739 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Cornerstone OnDemand by 5.1% during the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock worth $163,000 after acquiring an additional 223 shares during the last quarter. Gradient Investments LLC bought a new position in shares of Cornerstone OnDemand during the second quarter worth about $177,000. Oppenheimer Asset Management Inc. bought a new position in shares of Cornerstone OnDemand during the first quarter worth about $219,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Cornerstone OnDemand by 530.5% during the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock worth $231,000 after acquiring an additional 5,448 shares during the last quarter. Institutional investors and hedge funds own 91.65% 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.
Receive News & Stock Ratings for Cornerstone OnDemand Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand Inc. and related stocks with our FREE daily email newsletter.