Zacks Investment Research lowered shares of Cornerstone OnDemand (NASDAQ:CSOD) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “

CSOD has been the topic of several other research reports. BidaskClub upgraded shares of Cornerstone OnDemand from a buy rating to a strong-buy rating in a research report on Tuesday. Mitsubishi UFJ Financial Group lifted their target price on shares of Cornerstone OnDemand to $55.00 and gave the company a neutral rating in a research report on Thursday, November 8th. DA Davidson started coverage on shares of Cornerstone OnDemand in a research report on Friday, February 1st. They issued a buy rating and a $65.00 target price on the stock. Bank of America raised their price target on shares of Cornerstone OnDemand from $62.00 to $68.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a strong-buy rating and issued a $70.00 price target (up from $60.00) on shares of Cornerstone OnDemand in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $60.83.

Shares of NASDAQ CSOD opened at $57.35 on Wednesday. Cornerstone OnDemand has a 52-week low of $37.74 and a 52-week high of $60.19. The stock has a market capitalization of $3.36 billion, a PE ratio of -249.35 and a beta of 1.15. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 5.29.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Cornerstone OnDemand had a negative net margin of 6.29% and a negative return on equity of 30.63%. The business had revenue of $138.25 million for the quarter, compared to analyst estimates of $129.91 million. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Cornerstone OnDemand will post -0.09 earnings per share for the current fiscal year.

In other Cornerstone OnDemand news, Director Harold W. Burlingame sold 1,552 shares of Cornerstone OnDemand stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $50.75, for a total transaction of $78,764.00. Following the transaction, the director now directly owns 53,326 shares of the company’s stock, valued at $2,706,294.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian L. Swartz sold 5,000 shares of Cornerstone OnDemand stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,493 shares of company stock worth $7,452,554. Insiders own 11.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc raised its stake in Cornerstone OnDemand by 3.5% during the third quarter. Vanguard Group Inc now owns 4,738,027 shares of the software maker’s stock worth $268,882,000 after purchasing an additional 159,877 shares during the period. Vanguard Group Inc. raised its stake in Cornerstone OnDemand by 3.5% during the third quarter. Vanguard Group Inc. now owns 4,738,027 shares of the software maker’s stock worth $268,882,000 after purchasing an additional 159,877 shares during the period. BlackRock Inc. raised its stake in Cornerstone OnDemand by 4.6% during the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock worth $198,271,000 after purchasing an additional 171,143 shares during the period. Praesidium Investment Management Company LLC raised its stake in Cornerstone OnDemand by 7.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock worth $173,587,000 after purchasing an additional 237,527 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Cornerstone OnDemand by 7.1% during the third quarter. Clearbridge Investments LLC now owns 2,762,049 shares of the software maker’s stock worth $156,746,000 after purchasing an additional 184,277 shares during the period. 93.51% of the stock is currently owned by institutional investors.

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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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