Cornerstone OnDemand (NASDAQ:CSOD) Sees Large Volume Increase

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.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Thursday, August 5th. The software maker reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.20. Cornerstone OnDemand had a positive return on equity of 65.00% and a negative net margin of 3.26%. The business had revenue of $214.34 million during the quarter, compared to analyst estimates of $209.62 million. Equities analysts anticipate that Cornerstone OnDemand, Inc. will post 2.08 EPS for the current year.

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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