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.

A number of research firms recently commented on CSOD. Barclays raised Cornerstone OnDemand from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $55.00 to $71.00 in a report on Friday, January 10th. BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Friday, December 27th. Zacks Investment Research raised Cornerstone OnDemand from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada initiated coverage on Cornerstone OnDemand in a report on Thursday, November 7th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Cornerstone OnDemand has a consensus rating of “Buy” and an average price target of $66.88.

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

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