Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 1,422,400 shares, a drop of 21.7% from the May 30th total of 1,816,800 shares. Based on an average daily trading volume, of 476,600 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.6% of the shares of the company are sold short.
Shares of Cornerstone OnDemand stock traded up $0.39 during midday trading on Thursday, hitting $61.61. 386,329 shares of the company were exchanged, compared to its average volume of 458,940. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -267.87 and a beta of 1.04. Cornerstone OnDemand has a 52 week low of $45.89 and a 52 week high of $61.76. The firm has a 50 day simple moving average of $55.43.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million for the quarter, compared to the consensus estimate of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. Cornerstone OnDemand’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. As a group, sell-side analysts anticipate that Cornerstone OnDemand will post -0.1 earnings per share for the current year.
In other Cornerstone OnDemand news, insider Adam J. Weiss sold 5,304 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $58.21, for a total value of $308,745.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian L. Swartz sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer now directly owns 141,603 shares in the company, valued at approximately $8,496,180. The disclosure for this sale can be found here. Insiders sold a total of 137,357 shares of company stock worth $7,525,147 in the last ninety days. Insiders own 9.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in Cornerstone OnDemand by 9.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock valued at $175,560,000 after purchasing an additional 281,615 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Cornerstone OnDemand in the 4th quarter valued at $2,769,000. BlackRock Inc. raised its position in Cornerstone OnDemand by 4.6% in the 4th quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock valued at $198,271,000 after purchasing an additional 171,143 shares during the last quarter. United Services Automobile Association raised its position in Cornerstone OnDemand by 7.0% in the 4th quarter. United Services Automobile Association now owns 33,712 shares of the software maker’s stock valued at $1,700,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Cornerstone OnDemand by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 610,294 shares of the software maker’s stock valued at $30,776,000 after purchasing an additional 38,873 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.
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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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