Insider Selling: Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Insider Sells 2,000 Shares of Stock
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) insider Adam J. Weiss sold 2,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $61.47, for a total value of $122,940.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of CSOD stock opened at $63.16 on Thursday. The stock has a 50 day moving average of $59.31 and a 200 day moving average of $57.28. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.77. The stock has a market cap of $3.75 billion, a P/E ratio of -274.61 and a beta of 1.14. Cornerstone OnDemand, Inc. has a twelve month low of $49.81 and a twelve month high of $63.29.
Cornerstone OnDemand (NASDAQ:CSOD) last announced 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. The company had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $142.06 million. Cornerstone OnDemand had a positive return on equity of 13.85% and a negative net margin of 2.95%. Cornerstone OnDemand’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, research analysts predict that Cornerstone OnDemand, Inc. will post 0.25 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its position in Cornerstone OnDemand by 11.0% during the third quarter. Stifel Financial Corp now owns 7,830 shares of the software maker’s stock valued at $426,000 after acquiring an additional 773 shares in the last quarter. California Public Employees Retirement System raised its position in Cornerstone OnDemand by 56.3% during the third quarter. California Public Employees Retirement System now owns 120,321 shares of the software maker’s stock valued at $6,596,000 after acquiring an additional 43,364 shares in the last quarter. Select Equity Group L.P. purchased a new position in Cornerstone OnDemand during the third quarter valued at approximately $21,507,000. State of New Jersey Common Pension Fund D purchased a new position in Cornerstone OnDemand during the third quarter valued at approximately $2,878,000. Finally, California State Teachers Retirement System raised its position in Cornerstone OnDemand by 3.0% during the third quarter. California State Teachers Retirement System now owns 88,785 shares of the software maker’s stock valued at $4,867,000 after acquiring an additional 2,548 shares in the last quarter. Institutional investors 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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