Cornerstone OnDemand, Inc. (CSOD) Director Sells $79,740.00 in Stock

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.

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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.