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.

CSOD has been the subject of several recent analyst reports. Zacks Investment Research raised Cornerstone OnDemand from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a report on Friday, January 3rd. Royal Bank of Canada assumed coverage on shares of Cornerstone OnDemand in a research note on Thursday, November 7th. They issued an “outperform” rating on the stock. Barclays upgraded shares of Cornerstone OnDemand from an “underweight” rating to an “overweight” rating in a report on Friday. Finally, BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Cornerstone OnDemand has a consensus rating of “Buy” and an average price target of $66.29.

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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