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.

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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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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