Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 25,743 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $59.17, for a total value of $1,523,213.31. Following the completion of the transaction, the chief executive officer now owns 1,822,315 shares of the company’s stock, valued at $107,826,378.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CSOD stock opened at $55.35 on Friday. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of -240.65 and a beta of 1.14. The stock has a 50-day moving average of $59.32 and a 200-day moving average of $56.45. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.77. Cornerstone OnDemand, Inc. has a 1-year low of $45.89 and a 1-year high of $62.66.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Cornerstone OnDemand had a positive return on equity of 13.85% and a negative net margin of 2.95%. The company had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $142.06 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Cornerstone OnDemand, Inc. will post 0.25 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSOD. Nuveen Asset Management LLC acquired a new stake in Cornerstone OnDemand during the second quarter worth approximately $30,918,000. Select Equity Group L.P. acquired a new stake in Cornerstone OnDemand during the third quarter worth approximately $21,507,000. Man Group plc grew its stake in Cornerstone OnDemand by 52.2% during the second quarter. Man Group plc now owns 929,109 shares of the software maker’s stock worth $53,824,000 after purchasing an additional 318,703 shares during the period. Vanguard Group Inc. grew its stake in Cornerstone OnDemand by 4.5% during the second quarter. Vanguard Group Inc. now owns 5,385,836 shares of the software maker’s stock worth $312,002,000 after purchasing an additional 232,590 shares during the period. Finally, BlackRock Inc. grew its stake in Cornerstone OnDemand by 4.6% during the second quarter. BlackRock Inc. now owns 4,332,007 shares of the software maker’s stock worth $250,953,000 after purchasing an additional 192,091 shares during the period. 93.17% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on CSOD. BidaskClub cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Mizuho began coverage on Cornerstone OnDemand in a research note on Wednesday, August 21st. They issued a “buy” rating and a $65.00 price target for the company. Royal Bank of Canada began coverage on Cornerstone OnDemand in a research note on Thursday, November 7th. They issued an “outperform” rating for the company. Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America increased their price target on Cornerstone OnDemand from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $65.71.

Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

See Also: Net Margin – Understanding the Different Kinds of Profit

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.