Cornerstone OnDemand, Inc. (NASDAQ:CSOD) saw an uptick in trading volume on Thursday . 67,928 shares traded hands during mid-day trading, a decline of 90% from the previous session’s volume of 673,774 shares.The stock last traded at $57.49 and had previously closed at $57.48.
A number of research firms have recently issued reports on CSOD. Berenberg Bank lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating and reduced their target price for the company from $61.00 to $57.50 in a report on Monday, August 9th. Needham & Company LLC lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, August 6th. Finally, Mizuho increased their price objective on Cornerstone OnDemand from $45.00 to $57.50 and gave the stock a “neutral” rating in a report on Monday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.75.
The company has a debt-to-equity ratio of 3.45, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day moving average of $56.93 and a 200-day moving average of $50.60. The firm has a market capitalization of $3.84 billion, a PE ratio of -133.69 and a beta of 1.30.
In other Cornerstone OnDemand news, insider Adam L. Miller sold 3,860 shares of the stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $56.68, for a total transaction of $218,784.80. Following the transaction, the insider now directly owns 1,429,889 shares of the company’s stock, valued at $81,046,108.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Miller sold 3,840 shares of the firm’s stock in a transaction dated Tuesday, September 28th. The shares were sold at an average price of $57.24, for a total value of $219,801.60. The disclosure for this sale can be found here. Insiders have sold 38,142 shares of company stock worth $2,169,356 over the last three months. Company insiders own 7.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. Syquant Capital Sas acquired a new stake in shares of Cornerstone OnDemand in the third quarter valued at about $6,373,000. FNY Investment Advisers LLC acquired a new stake in shares of Cornerstone OnDemand in the third quarter valued at about $286,000. Parametric Portfolio Associates LLC grew its position in shares of Cornerstone OnDemand by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 141,027 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 1,449 shares during the last quarter. Morgan Stanley grew its position in shares of Cornerstone OnDemand by 177.1% in the second quarter. Morgan Stanley now owns 420,184 shares of the software maker’s stock valued at $21,674,000 after purchasing an additional 268,568 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Cornerstone OnDemand by 418.2% in the second quarter. Wells Fargo & Company MN now owns 122,235 shares of the software maker’s stock valued at $6,306,000 after purchasing an additional 98,648 shares during the last quarter. 87.14% of the stock is currently owned by institutional investors.
Cornerstone OnDemand Company Profile (NASDAQ:CSOD)
Cornerstone OnDemand, Inc engages in the provision of learning and talent management solutions delivered as Software-as-a-Service. It also engages in the provision of support packages, client success framework, technical consulting and content, implementation, business consulting and educational services.
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