Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Director R C. Mark Baker sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $39.87, for a total transaction of $79,740.00. Following the completion of the transaction, the director now owns 26,850 shares in the company, valued at approximately $1,070,509.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) traded down 10.071% during midday trading on Friday, reaching $35.315. 2,362,130 shares of the company’s stock were exchanged. Cornerstone OnDemand, Inc. has a one year low of $30.31 and a one year high of $47.75. The company’s 50-day moving average is $37.42 and its 200-day moving average is $38.95. The stock’s market cap is $2.01 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.09. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 187.91%. The company had revenue of $116.70 million during the quarter, compared to analyst estimates of $117 million. Cornerstone OnDemand’s revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Cornerstone OnDemand, Inc. will post $0.41 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Cornerstone OnDemand, Inc. (CSOD) Director Sells $79,740.00 in Stock” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://stocknewstimes.com/2017/08/05/r-c-mark-baker-sells-2000-shares-of-cornerstone-ondemand-inc-csod-stock-updated.html.
Several equities analysts have recently weighed in on CSOD shares. Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Cornerstone OnDemand in a research note on Wednesday, April 19th. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $43.00 price objective on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Finally, Wells Fargo & Company started coverage on shares of Cornerstone OnDemand in a research note on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its position in shares of Cornerstone OnDemand by 36.6% in the fourth quarter. Guggenheim Capital LLC now owns 9,776 shares of the software maker’s stock valued at $414,000 after buying an additional 2,617 shares during the last quarter. Norges Bank acquired a new position in shares of Cornerstone OnDemand during the fourth quarter valued at $11,655,000. Teachers Advisors LLC increased its position in shares of Cornerstone OnDemand by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 82,940 shares of the software maker’s stock valued at $3,509,000 after buying an additional 1,624 shares during the last quarter. Alpha Windward LLC acquired a new position in shares of Cornerstone OnDemand during the first quarter valued at $434,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in shares of Cornerstone OnDemand during the first quarter valued at $288,000. 90.46% of the stock is owned by institutional investors.
Cornerstone OnDemand Company Profile
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
Receive News & Ratings for Cornerstone OnDemand Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
