Cornerstone OnDemand (NASDAQ:CSOD) had its price objective lifted by JPMorgan Chase & Co. from $37.00 to $38.00 in a research report released on Wednesday. The brokerage currently has a neutral rating on the software maker’s stock.

A number of other research analysts also recently weighed in on CSOD. ValuEngine downgraded shares of Cornerstone OnDemand from a hold rating to a sell rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 target price for the company in a research report on Wednesday, January 10th. BidaskClub raised shares of Cornerstone OnDemand from a sell rating to a hold rating in a research report on Saturday, January 6th. KeyCorp reissued a hold rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies reissued a hold rating and set a $44.00 target price on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $43.00.

Shares of Cornerstone OnDemand (CSOD) traded up $0.10 during mid-day trading on Wednesday, reaching $39.10. 864,500 shares of the company’s stock were exchanged, compared to its average volume of 519,586. Cornerstone OnDemand has a twelve month low of $33.24 and a twelve month high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative return on equity of 130.79% and a negative net margin of 12.73%. The firm had revenue of $131.96 million during the quarter, compared to the consensus estimate of $132.12 million. equities analysts predict that Cornerstone OnDemand will post -0.34 earnings per share for the current fiscal year.

Cornerstone OnDemand announced that its Board of Directors has approved a share buyback plan on Wednesday, November 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, CEO Adam L. Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the sale, the chief executive officer now directly owns 3,502,640 shares in the company, valued at approximately $146,095,114.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R C. Mark Baker sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $34.81, for a total transaction of $104,430.00. Following the sale, the director now owns 24,850 shares in the company, valued at $865,028.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock worth $1,466,580 over the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in CSOD. New York State Common Retirement Fund lifted its stake in shares of Cornerstone OnDemand by 7.4% during the 2nd quarter. New York State Common Retirement Fund now owns 59,560 shares of the software maker’s stock valued at $2,129,000 after buying an additional 4,099 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Cornerstone OnDemand by 4.6% during the 2nd quarter. Northern Trust Corp now owns 672,594 shares of the software maker’s stock valued at $24,045,000 after buying an additional 29,676 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Cornerstone OnDemand by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,267,865 shares of the software maker’s stock valued at $152,575,000 after buying an additional 37,652 shares in the last quarter. Ark Investment Management LLC lifted its stake in shares of Cornerstone OnDemand by 194.2% during the 2nd quarter. Ark Investment Management LLC now owns 26,027 shares of the software maker’s stock valued at $930,000 after buying an additional 17,181 shares in the last quarter. Finally, AHL Partners LLP purchased a new stake in shares of Cornerstone OnDemand during the 2nd quarter valued at approximately $255,000. Institutional investors own 93.75% of the company’s stock.

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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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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