Cornerstone OnDemand, Inc. (CSOD) Receives $43.10 Consensus PT from Brokerages
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $43.10.
A number of research analysts have recently commented on CSOD shares. Zacks Investment Research upgraded Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. B. Riley restated a “buy” rating and issued a $47.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, August 9th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Cornerstone OnDemand in a research note on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $46.00 target price (down previously from $50.00) on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Finally, Credit Suisse Group upgraded Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and raised their target price for the company from $43.00 to $49.00 in a research note on Wednesday, July 19th.
Shares of Cornerstone OnDemand (NASDAQ CSOD) traded up 0.33% during trading on Wednesday, reaching $39.62. The company’s stock had a trading volume of 401,464 shares. The stock’s market cap is $2.28 billion. The stock’s 50 day moving average price is $38.80 and its 200-day moving average price is $37.50. Cornerstone OnDemand has a 52-week low of $30.31 and a 52-week high of $44.25.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.09). Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $117.00 million. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Cornerstone OnDemand will post $0.39 EPS for the current year.
In related news, Director R C. Mark Baker sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.12, for a total transaction of $34,120.00. Following the completion of the transaction, the director now owns 23,850 shares of the company’s stock, valued at approximately $813,762. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harold W. Burlingame sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the director now directly owns 48,150 shares of the company’s stock, valued at approximately $1,926,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,000 shares of company stock valued at $2,570,400. 12.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CSOD. Karp Capital Management Corp bought a new position in Cornerstone OnDemand during the 1st quarter valued at approximately $355,000. Ameritas Investment Partners Inc. bought a new position in Cornerstone OnDemand during the 1st quarter valued at approximately $169,000. Prudential Financial Inc. bought a new position in Cornerstone OnDemand during the 1st quarter valued at approximately $405,000. American International Group Inc. increased its position in Cornerstone OnDemand by 5.3% during the 1st quarter. American International Group Inc. now owns 30,490 shares of the software maker’s stock valued at $1,186,000 after buying an additional 1,531 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Cornerstone OnDemand by 7.1% during the 1st quarter. Neuberger Berman Group LLC now owns 7,685 shares of the software maker’s stock valued at $299,000 after buying an additional 508 shares in the last quarter. 91.65% of the stock is owned by institutional investors.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
Receive News & Ratings for Cornerstone OnDemand Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.