Cornerstone OnDemand (CSOD) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently commented on CSOD. BidaskClub raised Cornerstone OnDemand from a hold rating to a buy rating in a research note on Wednesday, February 21st. Needham & Company LLC reissued a strong-buy rating and issued a $55.00 price objective (up previously from $48.00) on shares of Cornerstone OnDemand in a research note on Wednesday, March 14th. Credit Suisse Group raised their price objective on Cornerstone OnDemand from $49.00 to $51.00 and gave the company an outperform rating in a research note on Wednesday, March 14th. B. Riley raised their price objective on Cornerstone OnDemand to $49.00 and gave the company a buy rating in a research note on Wednesday, March 14th. Finally, Piper Jaffray Companies reissued a hold rating and issued a $46.00 price objective on shares of Cornerstone OnDemand in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Cornerstone OnDemand has an average rating of Buy and an average target price of $49.89.

Cornerstone OnDemand opened at $51.74 on Friday, according to Marketbeat.com. Cornerstone OnDemand has a one year low of $33.24 and a one year high of $52.00. The company has a market cap of $2.99 billion, a P/E ratio of -73.91 and a beta of 0.56. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 8.85.



Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, May 8th. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. Cornerstone OnDemand had a negative return on equity of 119.83% and a negative net margin of 12.18%. The business had revenue of $133.11 million during the quarter, compared to analysts’ expectations of $126.95 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. research analysts predict that Cornerstone OnDemand will post -0.28 EPS for the current fiscal year.

In other news, CFO Brian L. Swartz sold 15,862 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $44.94, for a total value of $712,838.28. Following the transaction, the chief financial officer now owns 179,079 shares in the company, valued at $8,047,810.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam L. Miller sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $50.76, for a total value of $406,080.00. Following the completion of the transaction, the chief executive officer now owns 3,482,268 shares in the company, valued at approximately $176,759,923.68. The disclosure for this sale can be found here. Insiders sold 84,158 shares of company stock worth $3,920,124 in the last 90 days. Corporate insiders own 11.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Capital Fund Management S.A. bought a new position in shares of Cornerstone OnDemand in the fourth quarter valued at approximately $3,768,000. Landscape Capital Management L.L.C. bought a new position in shares of Cornerstone OnDemand in the first quarter valued at approximately $1,059,000. Carillon Tower Advisers Inc. bought a new position in shares of Cornerstone OnDemand in the fourth quarter valued at approximately $52,352,000. Clearbridge Investments LLC lifted its holdings in shares of Cornerstone OnDemand by 0.6% in the fourth quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock valued at $90,380,000 after purchasing an additional 15,502 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Cornerstone OnDemand by 256.8% in the fourth quarter. Renaissance Technologies LLC now owns 147,000 shares of the software maker’s stock valued at $5,194,000 after purchasing an additional 105,800 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Cornerstone OnDemand Company Profile

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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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