Cornerstone OnDemand (NASDAQ:CSOD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “

A number of other equities analysts have also weighed in on CSOD. B. Riley reiterated a “buy” rating and issued a $61.00 price target (up from $52.00) on shares of Cornerstone OnDemand in a research report on Friday, August 3rd. ValuEngine lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. BidaskClub lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $65.00 price target on shares of Cornerstone OnDemand in a research report on Wednesday, August 8th. Finally, Barclays upped their price target on shares of Cornerstone OnDemand from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.09.

Shares of NASDAQ CSOD opened at $49.73 on Tuesday. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $3.33 billion, a P/E ratio of -71.04 and a beta of 0.86. Cornerstone OnDemand has a 12-month low of $33.57 and a 12-month high of $59.18.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, August 7th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $132.52 million during the quarter, compared to analyst estimates of $128.33 million. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. Equities research analysts anticipate that Cornerstone OnDemand will post -0.33 EPS for the current year.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $54.92, for a total value of $1,153,320.00. Following the completion of the transaction, the chief executive officer now directly owns 3,348,634 shares in the company, valued at $183,906,979.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Mark Goldin sold 10,666 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $55.00, for a total transaction of $586,630.00. Following the completion of the transaction, the chief technology officer now owns 140,805 shares of the company’s stock, valued at $7,744,275. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,324 shares of company stock valued at $8,423,433. Company insiders own 11.70% of the company’s stock.

Several large investors have recently modified their holdings of CSOD. Schwab Charles Investment Management Inc. boosted its position in shares of Cornerstone OnDemand by 2.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 264,122 shares of the software maker’s stock worth $10,330,000 after acquiring an additional 6,382 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Cornerstone OnDemand by 20.2% during the first quarter. New York State Common Retirement Fund now owns 73,007 shares of the software maker’s stock worth $2,855,000 after acquiring an additional 12,287 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Cornerstone OnDemand during the first quarter worth $521,000. Allianz Asset Management GmbH boosted its position in shares of Cornerstone OnDemand by 11.2% during the first quarter. Allianz Asset Management GmbH now owns 482,370 shares of the software maker’s stock worth $18,865,000 after acquiring an additional 48,470 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Cornerstone OnDemand during the first quarter worth $552,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.

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.

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