Cornerstone OnDemand (CSOD) Given a $69.00 Price Target at First Analysis

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First Analysis set a $69.00 price objective on Cornerstone OnDemand (NASDAQ:CSOD) in a research note released on Monday, September 17th, The Fly reports. The firm currently has a buy rating on the software maker’s stock.

Other research analysts have also issued research reports about the company. BidaskClub lowered Cornerstone OnDemand from a strong-buy rating to a buy rating in a report on Wednesday, August 1st. ValuEngine raised Cornerstone OnDemand from a hold rating to a buy rating in a report on Friday, June 15th. B. Riley upped their target price on Cornerstone OnDemand from $49.00 to $52.00 and gave the company a buy rating in a report on Wednesday, May 30th. Zacks Investment Research raised Cornerstone OnDemand from a hold rating to a buy rating and set a $56.00 target price on the stock in a report on Tuesday, July 10th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $65.00 target price on shares of Cornerstone OnDemand in a report on Wednesday, August 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $56.09.

Shares of Cornerstone OnDemand stock traded up $1.12 during trading hours on Monday, hitting $50.17. 715,463 shares of the company were exchanged, compared to its average volume of 519,116. Cornerstone OnDemand has a 1 year low of $33.57 and a 1 year high of $59.18. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $3.33 billion, a PE ratio of -71.67 and a beta of 0.86.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Cornerstone OnDemand had a negative return on equity of 79.03% and a negative net margin of 10.03%. The business had revenue of $132.52 million during the quarter, compared to analysts’ expectations of $128.33 million. As a group, equities research analysts anticipate that Cornerstone OnDemand will post -0.33 EPS for the current year.

In related news, CEO Adam L. Miller sold 21,000 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $58.07, for a total transaction of $1,219,470.00. Following the transaction, the chief executive officer now directly owns 3,369,334 shares in the company, valued at $195,657,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian L. Swartz sold 2,174 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $57.00, for a total value of $123,918.00. Following the transaction, the chief financial officer now owns 172,305 shares in the company, valued at $9,821,385. The disclosure for this sale can be found here. Insiders have sold 152,324 shares of company stock worth $8,423,433 over the last quarter. 11.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Castleark Management LLC purchased a new position in shares of Cornerstone OnDemand in the 2nd quarter worth about $12,364,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Cornerstone OnDemand in the first quarter valued at about $1,059,000. Rothschild Asset Management Inc. acquired a new stake in shares of Cornerstone OnDemand in the second quarter valued at about $2,385,000. Impax Asset Management LLC acquired a new stake in shares of Cornerstone OnDemand in the second quarter valued at about $761,000. Finally, Soma Equity Partners LP grew its stake in shares of Cornerstone OnDemand by 8.4% in the first quarter. Soma Equity Partners LP now owns 1,118,000 shares of the software maker’s stock valued at $43,725,000 after buying an additional 87,000 shares in the last quarter. Institutional investors own 91.72% of the company’s stock.

About Cornerstone OnDemand

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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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