Cornerstone OnDemand, Inc. (NASDAQ:CSOD) EVP Vincent Belliveau sold 11,660 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $40.00, for a total value of $466,400.00. Following the transaction, the executive vice president now directly owns 237,043 shares in the company, valued at approximately $9,481,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 0.09% during trading on Friday, hitting $34.22. The stock had a trading volume of 375,177 shares. The firm’s market cap is $1.97 billion. Cornerstone OnDemand, Inc. has a one year low of $30.31 and a one year high of $47.75. The firm’s 50-day moving average is $36.95 and its 200-day moving average is $38.44.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The company’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current year.
Several equities analysts have recently commented on CSOD shares. Needham & Company LLC raised Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research note on Friday, July 14th. Credit Suisse Group reiterated a “hold” rating and issued a $43.00 price objective on shares of Cornerstone OnDemand in a report on Friday, May 5th. BidaskClub downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Wells Fargo & Company initiated coverage on Cornerstone OnDemand in a report on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price objective on the stock. Finally, Barclays PLC downgraded Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $46.00 to $32.00 in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.43.
A number of large investors have recently added to or reduced their stakes in CSOD. Quantbot Technologies LP increased its stake 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 period. Ameritas Investment Partners Inc. increased its stake in Cornerstone OnDemand by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock worth $163,000 after buying an additional 223 shares during the period. Gradient Investments LLC purchased a new stake in Cornerstone OnDemand during the second quarter worth $177,000. Oppenheimer Asset Management Inc. purchased a new stake in Cornerstone OnDemand during the first quarter worth $219,000. Finally, BNP Paribas Arbitrage SA increased its stake 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 period. Hedge funds and other institutional investors own 89.56% of the company’s stock.
About Cornerstone OnDemand
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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