A number of other research firms have also issued reports on CSOD. Guggenheim assumed coverage on Cornerstone OnDemand in a research report on Thursday, June 27th. They issued a buy rating for the company. JMP Securities upped their price objective on Cornerstone OnDemand from $65.00 to $70.00 and gave the company a market outperform rating in a report on Tuesday. ValuEngine cut Cornerstone OnDemand from a buy rating to a hold rating in a report on Friday, August 2nd. Finally, Zacks Investment Research cut Cornerstone OnDemand from a buy rating to a hold rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand currently has a consensus rating of Buy and an average price target of $62.33.
Shares of CSOD stock traded down $0.05 during trading hours on Wednesday, reaching $54.85. The company had a trading volume of 255,359 shares, compared to its average volume of 473,889. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.50 and a quick ratio of 1.48. The stock has a fifty day simple moving average of $58.86. The firm has a market cap of $3.33 billion, a P/E ratio of -238.48, a price-to-earnings-growth ratio of 14.27 and a beta of 1.02. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.66.
In other Cornerstone OnDemand news, CFO Brian L. Swartz sold 3,500 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $62.00, for a total transaction of $217,000.00. Following the transaction, the chief financial officer now directly owns 138,103 shares in the company, valued at $8,562,386. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam J. Weiss sold 5,304 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $58.21, for a total value of $308,745.84. The disclosure for this sale can be found here. Insiders sold 165,706 shares of company stock worth $9,628,911 over the last quarter. 9.40% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in CSOD. Advisor Group Inc. increased its holdings in shares of Cornerstone OnDemand by 164.0% in the fourth quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after purchasing an additional 528 shares during the last quarter. Stifel Financial Corp bought a new stake in Cornerstone OnDemand during the fourth quarter worth about $309,000. Principal Financial Group Inc. lifted its position in Cornerstone OnDemand by 252.7% during the fourth quarter. Principal Financial Group Inc. now owns 43,229 shares of the software maker’s stock worth $2,180,000 after purchasing an additional 30,972 shares during the period. Legal & General Group Plc lifted its position in Cornerstone OnDemand by 28.2% during the fourth quarter. Legal & General Group Plc now owns 23,651 shares of the software maker’s stock worth $1,192,000 after purchasing an additional 5,196 shares during the period. Finally, Amalgamated Bank bought a new stake in Cornerstone OnDemand during the fourth quarter worth about $401,000. Institutional investors own 92.83% 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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