Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Receives Consensus Recommendation of “Buy” from Analysts

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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.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Cornerstone OnDemand had a negative net margin of 2.95% and a positive return on equity of 13.85%. The business had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $142.06 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Cornerstone OnDemand will post 0.25 EPS for the current year.

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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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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