Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $66.00.
Several brokerages have commented on CSOD. Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Bank of America lifted their target price on shares of Cornerstone OnDemand from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 9th. Mizuho began coverage on shares of Cornerstone OnDemand in a report on Wednesday, August 21st. They set a “buy” rating and a $65.00 target price for the company. BidaskClub lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Royal Bank of Canada began coverage on shares of Cornerstone OnDemand in a report on Thursday, November 7th. They set an “outperform” rating for the company.
Shares of NASDAQ CSOD opened at $61.67 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.77. Cornerstone OnDemand has a 12 month low of $45.89 and a 12 month high of $62.66. The company has a 50 day simple moving average of $58.08 and a two-hundred day simple moving average of $56.09. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -268.13 and a beta of 1.10.
In related news, CEO Adam L. Miller sold 38,722 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $61.70, for a total value of $2,389,147.40. Following the completion of the sale, the chief executive officer now owns 2,025,095 shares of the company’s stock, valued at approximately $124,948,361.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam J. Weiss sold 4,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $60.17, for a total transaction of $240,680.00. Over the last ninety days, insiders have sold 164,198 shares of company stock valued at $9,441,849. Insiders own 9.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Cornerstone OnDemand by 18.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 480,808 shares of the software maker’s stock worth $27,854,000 after acquiring an additional 75,833 shares in the last quarter. GWM Advisors LLC purchased a new stake in Cornerstone OnDemand in the 2nd quarter worth $372,000. California Public Employees Retirement System increased its holdings in Cornerstone OnDemand by 56.3% in the 3rd quarter. California Public Employees Retirement System now owns 120,321 shares of the software maker’s stock worth $6,596,000 after acquiring an additional 43,364 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Cornerstone OnDemand in the 3rd quarter worth $2,878,000. Finally, Envestnet Asset Management Inc. increased its holdings in Cornerstone OnDemand by 10.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,189 shares of the software maker’s stock worth $1,107,000 after acquiring an additional 1,986 shares in the last quarter. 93.17% of the stock is owned by institutional investors.
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 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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