Cornerstone OnDemand (CSOD) Upgraded at BidaskClub
BidaskClub upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a buy rating to a strong-buy rating in a research report released on Saturday.
A number of other analysts also recently issued reports on the stock. Credit Suisse Group reiterated a buy rating and issued a $49.00 price objective on shares of Cornerstone OnDemand in a report on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a neutral rating to a buy rating and boosted their target price for the stock from $42.00 to $48.00 in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $44.00 target price on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Finally, B. Riley lowered their target price on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a buy rating on the stock in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $43.00.
Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $44.54 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 12.89. Cornerstone OnDemand has a fifty-two week low of $33.24 and a fifty-two week high of $45.87. The stock has a market cap of $2,580.00, a P/E ratio of -41.63 and a beta of 0.55.
In other Cornerstone OnDemand news, insider David Joseph Carter sold 6,958 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.35, for a total value of $301,629.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director R C. Mark Baker sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 24,850 shares in the company, valued at $865,028.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,960 shares of company stock worth $3,711,874. Corporate insiders own 12.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. J. Goldman & Co LP acquired a new position in shares of Cornerstone OnDemand in the fourth quarter valued at $201,000. Trexquant Investment LP acquired a new position in shares of Cornerstone OnDemand in the third quarter valued at $230,000. HBK Investments L P acquired a new position in shares of Cornerstone OnDemand in the fourth quarter valued at $266,000. GSA Capital Partners LLP acquired a new position in shares of Cornerstone OnDemand in the third quarter valued at $391,000. Finally, Washington Capital Management Inc. increased its holdings in shares of Cornerstone OnDemand by 61.4% in the fourth quarter. Washington Capital Management Inc. now owns 11,300 shares of the software maker’s stock valued at $399,000 after purchasing an additional 4,300 shares during the last quarter. Hedge funds and other institutional investors own 97.62% 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.
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