Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller Sells 11,200 Shares of Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 11,200 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $58.84, for a total value of $659,008.00. Following the completion of the sale, the chief executive officer now owns 1,987,282 shares in the company, valued at approximately $116,931,672.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:CSOD opened at $59.30 on Friday. The stock’s fifty day moving average is $59.18 and its 200 day moving average is $57.10. Cornerstone OnDemand, Inc. has a fifty-two week low of $49.81 and a fifty-two week high of $62.66. The firm has a market capitalization of $3.60 billion, a PE ratio of -257.83 and a beta of 1.14. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.47 and a current ratio of 1.47.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, November 5th. The software maker reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $145.00 million for the quarter, compared to analyst estimates of $142.06 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Cornerstone OnDemand, Inc. will post 0.25 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in CSOD. Amundi Pioneer Asset Management Inc. increased its stake in Cornerstone OnDemand by 25.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 31,283 shares of the software maker’s stock worth $1,713,000 after purchasing an additional 6,313 shares during the period. Smith Asset Management Group LP purchased a new position in shares of Cornerstone OnDemand during the second quarter valued at $218,000. Prudential Financial Inc. increased its stake in shares of Cornerstone OnDemand by 8.9% during the second quarter. Prudential Financial Inc. now owns 28,370 shares of the software maker’s stock valued at $1,643,000 after buying an additional 2,322 shares during the period. Bank of Montreal Can increased its stake in shares of Cornerstone OnDemand by 5.7% during the second quarter. Bank of Montreal Can now owns 36,585 shares of the software maker’s stock valued at $2,120,000 after buying an additional 1,967 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cornerstone OnDemand by 18.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 480,808 shares of the software maker’s stock valued at $27,854,000 after buying an additional 75,833 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.
About Cornerstone OnDemand
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.
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