Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $40.69, for a total transaction of $1,220,700.00. Following the completion of the sale, the chief executive officer now owns 3,551,070 shares of the company’s stock, valued at approximately $144,493,038.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 0.80% during mid-day trading on Friday, hitting $34.09. 901,391 shares of the stock traded hands. The firm’s 50-day moving average is $37.26 and its 200 day moving average is $38.69. The firm’s market cap is $1.96 billion. Cornerstone OnDemand, Inc. has a 52-week low of $30.31 and a 52-week high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last released 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. The firm had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117 million. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CSOD. Quantbot Technologies LP boosted its position in Cornerstone OnDemand by 153.2% in the second quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock worth $102,000 after buying an additional 1,739 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Cornerstone OnDemand during the first quarter worth $169,000. Gradient Investments LLC bought a new position in Cornerstone OnDemand during the second quarter worth $177,000. Oppenheimer Asset Management Inc. bought a new position in Cornerstone OnDemand during the first quarter worth $219,000. Finally, BNP Paribas Arbitrage SA boosted its position in Cornerstone OnDemand by 530.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock worth $231,000 after buying an additional 5,448 shares during the last quarter. 90.52% of the stock is currently owned by hedge funds and other institutional investors.
CSOD has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of Cornerstone OnDemand in a research note on Monday, May 8th. 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, May 3rd. BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, Credit Suisse Group restated a “hold” rating and set a $43.00 price target on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.43.
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.
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