BidaskClub cut shares of Cornerstone OnDemand (NASDAQ:CSOD) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Other equities research analysts have also recently issued reports about the company. B. Riley raised their price target on Cornerstone OnDemand to $49.00 and gave the company a buy rating in a report on Wednesday, March 14th. Zacks Investment Research raised Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Wednesday, January 10th. Credit Suisse Group reaffirmed a buy rating and set a $49.00 price target on shares of Cornerstone OnDemand in a report on Thursday, January 18th. Bank of America raised Cornerstone OnDemand from a neutral rating to a buy rating and raised their price target for the company from $42.00 to $48.00 in a report on Monday, January 22nd. Finally, Piper Jaffray Companies reaffirmed a hold rating and set a $44.00 price target on shares of Cornerstone OnDemand in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand has a consensus rating of Hold and a consensus target price of $44.56.

Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $41.97 on Tuesday. Cornerstone OnDemand has a twelve month low of $33.24 and a twelve month high of $46.19. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 12.89.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. The business had revenue of $131.96 million for the quarter, compared to analyst estimates of $132.12 million. equities analysts anticipate that Cornerstone OnDemand will post -0.4 earnings per share for the current fiscal year.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 24,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $40.80, for a total value of $979,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam J. Weiss sold 4,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $45.30, for a total value of $181,200.00. The disclosure for this sale can be found here. Insiders sold a total of 99,960 shares of company stock worth $4,223,184 over the last quarter. Corporate insiders own 12.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC boosted its position in Cornerstone OnDemand by 0.6% in the 4th quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock valued at $90,380,000 after buying an additional 15,502 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Cornerstone OnDemand by 4.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,222,813 shares of the software maker’s stock valued at $90,601,000 after buying an additional 98,856 shares during the last quarter. First Trust Advisors LP boosted its position in Cornerstone OnDemand by 13.5% in the 4th quarter. First Trust Advisors LP now owns 1,757,191 shares of the software maker’s stock valued at $62,082,000 after buying an additional 209,082 shares during the last quarter. Tensile Capital Management LLC boosted its position in Cornerstone OnDemand by 7.2% in the 4th quarter. Tensile Capital Management LLC now owns 1,636,868 shares of the software maker’s stock valued at $57,831,000 after buying an additional 109,876 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new position in Cornerstone OnDemand in the 4th quarter valued at $52,352,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

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About Cornerstone OnDemand

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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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