Zacks Investment Research upgraded shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

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. “

A number of other equities analysts have also recently weighed in on the stock. B. Riley reissued a buy rating and set a $47.00 price target on shares of Cornerstone OnDemand in a research report on Wednesday, August 9th. Mitsubishi UFJ Financial Group reissued a neutral rating on shares of Cornerstone OnDemand in a research report on Thursday, August 3rd. Piper Jaffray Companies reissued an overweight rating and set a $46.00 price target (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Credit Suisse Group raised shares of Cornerstone OnDemand from a neutral rating to an outperform rating and lifted their price target for the stock from $43.00 to $49.00 in a research report on Wednesday, July 19th. Finally, BidaskClub raised shares of Cornerstone OnDemand from a sell rating to a hold rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Cornerstone OnDemand currently has a consensus rating of Hold and an average target price of $43.42.

Cornerstone OnDemand (CSOD) traded up 1.02% during mid-day trading on Monday, hitting $39.53. The stock had a trading volume of 43,462 shares. Cornerstone OnDemand has a 1-year low of $30.31 and a 1-year high of $44.31. The company’s market cap is $2.28 billion. The company has a 50-day moving average price of $38.01 and a 200 day moving average price of $37.49.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09). The firm had revenue of $116.70 million for the quarter, compared to the consensus estimate 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 research analysts forecast that Cornerstone OnDemand will post $0.39 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Cornerstone OnDemand, Inc. (CSOD) Raised to Hold at Zacks Investment Research” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/10/13/cornerstone-ondemand-inc-csod-raised-to-hold-at-zacks-investment-research.html.

In other Cornerstone OnDemand news, EVP Vincent Belliveau sold 11,660 shares of Cornerstone OnDemand stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $40.00, for a total value of $466,400.00. Following the sale, the executive vice president now directly owns 237,043 shares in the company, valued at approximately $9,481,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $40.69, for a total transaction of $1,220,700.00. Following the completion of the sale, the chief executive officer now owns 3,551,070 shares in the company, valued at $144,493,038.30. The disclosure for this sale can be found here. Insiders sold a total of 81,660 shares of company stock worth $3,316,540 over the last quarter. Company insiders own 12.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Cornerstone OnDemand by 1.3% in the 2nd quarter. Principal Financial Group Inc. now owns 7,306 shares of the software maker’s stock valued at $261,000 after buying an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Cornerstone OnDemand by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after buying an additional 223 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Cornerstone OnDemand by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,530 shares of the software maker’s stock valued at $760,000 after buying an additional 232 shares during the last quarter. Prudential Financial Inc. increased its stake in Cornerstone OnDemand by 2.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,678 shares of the software maker’s stock valued at $382,000 after buying an additional 260 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Cornerstone OnDemand by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 45,300 shares of the software maker’s stock valued at $1,619,000 after buying an additional 344 shares during the last quarter. Hedge funds and other institutional investors 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.

Get a free copy of the Zacks research report on Cornerstone OnDemand (CSOD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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.