Zacks Investment Research upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. The firm currently has $64.00 price target on the software maker’s stock.

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. “

Several other analysts have also issued reports on the company. TheStreet lowered Cornerstone OnDemand from a c rating to a d+ rating in a report on Tuesday, August 13th. BidaskClub lowered Cornerstone OnDemand from a buy rating to a hold rating in a report on Saturday, October 19th. Mizuho started coverage on Cornerstone OnDemand in a report on Wednesday, August 21st. They set a buy rating and a $65.00 target price on the stock. JMP Securities increased their target price on Cornerstone OnDemand from $65.00 to $70.00 and gave the stock a market outperform rating in a report on Tuesday, August 6th. Finally, Bank of America increased their target price on Cornerstone OnDemand from $68.00 to $70.00 and gave the stock a buy rating in a report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $65.71.

Shares of Cornerstone OnDemand stock traded up $0.80 on Wednesday, reaching $57.89. 459,500 shares of the company were exchanged, compared to its average volume of 470,540. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -251.70 and a beta of 1.10. Cornerstone OnDemand has a one year low of $45.89 and a one year high of $62.66. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.76. The company has a 50-day moving average of $56.01 and a 200 day moving average of $55.52.

Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Tuesday, November 5th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $142.06 million. Cornerstone OnDemand had a positive return on equity of 16.33% and a negative net margin of 2.95%. Cornerstone OnDemand’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. Analysts predict that Cornerstone OnDemand will post 0.51 earnings per share for the current year.

In related news, CEO Adam L. Miller sold 38,722 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $59.08, for a total value of $2,287,695.76. Following the sale, the chief executive officer now directly owns 2,108,555 shares of the company’s stock, valued at $124,573,429.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, August 22nd. The shares were sold at an average price of $51.83, for a total value of $1,088,430.00. Following the completion of the sale, the chief executive officer now directly owns 2,209,968 shares in the company, valued at $114,542,641.44. The disclosure for this sale can be found here. Insiders sold 124,266 shares of company stock worth $6,837,662 over the last ninety days. 9.40% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in CSOD. Vanguard Group Inc. raised its position in Cornerstone OnDemand by 4.5% in the second quarter. Vanguard Group Inc. now owns 5,385,836 shares of the software maker’s stock valued at $312,002,000 after purchasing an additional 232,590 shares during the last quarter. BlackRock Inc. raised its position in Cornerstone OnDemand by 4.6% in the second quarter. BlackRock Inc. now owns 4,332,007 shares of the software maker’s stock valued at $250,953,000 after purchasing an additional 192,091 shares during the last quarter. First Trust Advisors LP raised its position in Cornerstone OnDemand by 23.2% in the second quarter. First Trust Advisors LP now owns 2,308,446 shares of the software maker’s stock valued at $133,728,000 after purchasing an additional 434,990 shares during the last quarter. RGM Capital LLC raised its position in Cornerstone OnDemand by 5.7% in the second quarter. RGM Capital LLC now owns 1,882,637 shares of the software maker’s stock valued at $109,061,000 after purchasing an additional 101,773 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Cornerstone OnDemand by 3.6% in the second quarter. Victory Capital Management Inc. now owns 1,336,359 shares of the software maker’s stock valued at $77,415,000 after purchasing an additional 46,070 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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 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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