Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have been assigned a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $62.20.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Guggenheim assumed coverage on shares of Alteryx in a research note on Thursday, June 27th. They issued a “buy” rating and a $107.53 price objective for the company. Finally, Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd.

In related news, CFO Brian L. Swartz sold 4,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 141,603 shares in the company, valued at $8,496,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harold W. Burlingame sold 1,553 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $52.39, for a total transaction of $81,361.67. Following the completion of the transaction, the director now owns 53,327 shares of the company’s stock, valued at approximately $2,793,801.53. The disclosure for this sale can be found here. Insiders sold 137,357 shares of company stock valued at $7,525,147 in the last quarter. 9.40% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its stake in Cornerstone OnDemand by 31.8% in the fourth quarter. New York State Common Retirement Fund now owns 237,236 shares of the software maker’s stock worth $11,964,000 after acquiring an additional 57,242 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Cornerstone OnDemand by 9.6% during the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock worth $175,560,000 after purchasing an additional 281,615 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Cornerstone OnDemand during the fourth quarter worth approximately $2,769,000. BlackRock Inc. raised its holdings in Cornerstone OnDemand by 4.6% during the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock worth $198,271,000 after purchasing an additional 171,143 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in Cornerstone OnDemand during the fourth quarter worth approximately $18,363,000. Institutional investors own 92.12% of the company’s stock.

CSOD stock traded up $0.45 during mid-day trading on Friday, hitting $62.06. 538,000 shares of the company were exchanged, compared to its average volume of 459,534. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.88. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -268.48 and a beta of 1.04. The firm’s fifty day simple moving average is $55.43. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.20.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million for the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. As a group, equities analysts expect that Cornerstone OnDemand will post -0.06 EPS for the current fiscal year.

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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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