Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $58.07, for a total transaction of $1,219,470.00. Following the sale, the chief executive officer now directly owns 3,369,334 shares in the company, valued at $195,657,225.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of CSOD stock opened at $57.12 on Friday. Cornerstone OnDemand, Inc. has a 1-year low of $33.57 and a 1-year high of $59.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.50.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $132.52 million for the quarter, compared to analyst estimates of $128.33 million. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. analysts expect that Cornerstone OnDemand, Inc. will post -0.33 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Strs Ohio raised its holdings in Cornerstone OnDemand by 175.0% in the second quarter. Strs Ohio now owns 3,300 shares of the software maker’s stock valued at $156,000 after buying an additional 2,100 shares during the period. Sun Life Financial INC purchased a new position in Cornerstone OnDemand in the second quarter valued at approximately $167,000. Global X Management Co LLC purchased a new position in Cornerstone OnDemand in the second quarter valued at approximately $167,000. Highland Capital Management LP purchased a new position in Cornerstone OnDemand in the first quarter valued at approximately $215,000. Finally, Atria Investments LLC purchased a new position in Cornerstone OnDemand in the second quarter valued at approximately $265,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

Several research firms have issued reports on CSOD. B. Riley reaffirmed a “buy” rating and set a $61.00 price target (up from $52.00) on shares of Cornerstone OnDemand in a research note on Friday, August 3rd. ValuEngine cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, July 10th. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, First Analysis set a $69.00 price objective on shares of Cornerstone OnDemand and gave the stock a “buy” rating in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.09.

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 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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