Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CFO Brian L. Swartz sold 2,826 shares of Cornerstone OnDemand stock in a transaction on Friday, September 7th. The stock was sold at an average price of $57.00, for a total transaction of $161,082.00. Following the transaction, the chief financial officer now owns 169,079 shares in the company, valued at approximately $9,637,503. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CSOD stock opened at $57.58 on Friday. The firm has a market capitalization of $3.38 billion, a P/E ratio of -82.26 and a beta of 0.85. 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, Inc. has a 12-month low of $33.57 and a 12-month high of $58.56.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global X Management Co LLC bought a new stake in Cornerstone OnDemand in the second quarter valued at $167,000. Verition Fund Management LLC bought a new stake in Cornerstone OnDemand in the second quarter valued at $305,000. California Public Employees Retirement System increased its stake in Cornerstone OnDemand by 123.7% in the second quarter. California Public Employees Retirement System now owns 82,074 shares of the software maker’s stock valued at $3,893,000 after purchasing an additional 45,384 shares in the last quarter. Castleark Management LLC bought a new stake in Cornerstone OnDemand in the second quarter valued at $12,364,000. Finally, Impax Asset Management LLC bought a new stake in Cornerstone OnDemand in the second quarter valued at $761,000. 91.72% of the stock is owned by hedge funds and other institutional investors.

CSOD has been the topic of a number of recent research reports. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Friday, June 15th. B. Riley lifted their price target on shares of Cornerstone OnDemand from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, July 10th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $65.00 target price on shares of Cornerstone OnDemand in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.80.

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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