Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,400,000 shares, a drop of 13.0% from the January 15th total of 1,610,000 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 439,300 shares, the short-interest ratio is presently 3.2 days.

Cornerstone OnDemand stock traded up $0.13 during trading on Friday, hitting $58.88. The company had a trading volume of 446,300 shares, compared to its average volume of 381,210. Cornerstone OnDemand has a 1-year low of $49.81 and a 1-year high of $64.45. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.77. The company’s 50 day simple moving average is $60.15 and its 200-day simple moving average is $57.31. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -210.28 and a beta of 1.12.

CSOD has been the subject of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Cornerstone OnDemand in a report on Thursday, November 7th. They set an “outperform” rating for the company. Barclays upgraded shares of Cornerstone OnDemand from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $55.00 to $71.00 in a report on Friday, January 10th. BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, January 30th. Finally, Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $68.60.

In other news, insider Adam J. Weiss sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $60.17, for a total transaction of $240,680.00. Also, insider Patricia Coughlin sold 8,053 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $63.59, for a total transaction of $512,090.27. Following the sale, the insider now owns 49,542 shares of the company’s stock, valued at approximately $3,150,375.78. The disclosure for this sale can be found here. Insiders have sold a total of 123,625 shares of company stock valued at $7,497,464 in the last 90 days. Insiders own 9.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CSOD. Select Equity Group L.P. purchased a new position in Cornerstone OnDemand in the 3rd quarter valued at approximately $21,507,000. Rice Hall James & Associates LLC boosted its position in Cornerstone OnDemand by 407.3% in the 4th quarter. Rice Hall James & Associates LLC now owns 293,875 shares of the software maker’s stock valued at $17,206,000 after buying an additional 235,943 shares during the period. Credit Suisse AG boosted its position in Cornerstone OnDemand by 218.9% in the 4th quarter. Credit Suisse AG now owns 338,668 shares of the software maker’s stock valued at $19,831,000 after buying an additional 232,472 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Cornerstone OnDemand by 48.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 682,314 shares of the software maker’s stock valued at $39,949,000 after buying an additional 223,210 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its position in Cornerstone OnDemand by 10.9% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,215,918 shares of the software maker’s stock valued at $129,742,000 after buying an additional 217,368 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

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.

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