Cornerstone OnDemand (CSOD) Hits New 12-Month High on Analyst Upgrade
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares reached a new 52-week high on Friday after Barclays raised their price target on the stock from $40.00 to $48.00. Barclays currently has an underweight rating on the stock. Cornerstone OnDemand traded as high as $58.06 and last traded at $57.25, with a volume of 12478 shares trading hands. The stock had previously closed at $56.18.
A number of other research analysts also recently weighed in on CSOD. BidaskClub raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $52.00) on shares of Cornerstone OnDemand in a research report on Friday, August 3rd. ValuEngine downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $65.00 target price on shares of Cornerstone OnDemand in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $54.80.
In other news, CFO Brian L. Swartz sold 2,174 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $57.00, for a total transaction of $123,918.00. Following the completion of the sale, the chief financial officer now owns 172,305 shares in the company, valued at approximately $9,821,385. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam L. Miller sold 21,000 shares of the firm’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $52.63, for a total transaction of $1,105,230.00. Following the sale, the chief executive officer now owns 3,466,268 shares of the company’s stock, valued at approximately $182,429,684.84. The disclosure for this sale can be found here. In the last three months, insiders sold 142,284 shares of company stock valued at $7,491,081. Insiders own 11.70% of the company’s stock.
The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.50. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -80.89 and a beta of 0.85.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The business had revenue of $132.52 million during the quarter, compared to analysts’ expectations of $128.33 million. equities research analysts expect that Cornerstone OnDemand, Inc. will post -0.33 earnings per share for the current year.
About Cornerstone OnDemand (NASDAQ:CSOD)
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.
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