Cornerstone OnDemand (NASDAQ:CSOD) Downgraded by BidaskClub

BidaskClub downgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a buy rating to a hold rating in a report published on Wednesday morning, BidAskClub reports.

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.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Monday, August 5th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $141.90 million during the quarter, compared to analysts’ expectations of $138.83 million. Cornerstone OnDemand had a negative net margin of 3.23% and a negative return on equity of 11.18%. Cornerstone OnDemand’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. As a group, analysts anticipate that Cornerstone OnDemand will post 0.47 earnings per share for the current fiscal year.

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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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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