Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,400,000 shares, a decrease of 13.0% from the January 15th total of 1,610,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 439,300 shares, the short-interest ratio is currently 3.2 days.

NASDAQ:CSOD traded up $0.13 during mid-day trading on Friday, hitting $58.88. The company’s stock had a trading volume of 446,300 shares, compared to its average volume of 381,210. Cornerstone OnDemand has a 1 year low of $49.81 and a 1 year high of $64.45. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -210.28 and a beta of 1.12. The business’s fifty day moving average is $60.15 and its two-hundred day moving average is $57.31.

CSOD has been the topic of several research reports. BidaskClub downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Thursday, January 30th. Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada initiated coverage on Cornerstone OnDemand in a research report on Thursday, November 7th. They issued an “outperform” rating on the stock. Finally, Barclays raised Cornerstone OnDemand from an “underweight” rating to an “overweight” rating and upped their target price for the company from $55.00 to $71.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Cornerstone OnDemand currently has an average rating of “Buy” and an average price target of $68.60.

In related news, insider Patricia Coughlin sold 8,053 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $63.59, for a total value of $512,090.27. Following the transaction, the insider now directly owns 49,542 shares of the company’s stock, valued at approximately $3,150,375.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam J. Weiss sold 4,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $60.17, for a total value of $240,680.00. Over the last three months, insiders sold 123,625 shares of company stock worth $7,497,464. 9.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its holdings in Cornerstone OnDemand by 68.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 540 shares of the software maker’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Cornerstone OnDemand by 13.5% during the 4th quarter. Advisor Group Inc. now owns 1,734 shares of the software maker’s stock worth $102,000 after acquiring an additional 206 shares in the last quarter. US Bancorp DE boosted its stake in shares of Cornerstone OnDemand by 15.6% during the 4th quarter. US Bancorp DE now owns 1,971 shares of the software maker’s stock worth $115,000 after acquiring an additional 266 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Cornerstone OnDemand by 6,557.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,330 shares of the software maker’s stock worth $127,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Cornerstone OnDemand during the 4th quarter worth about $140,000. 92.51% of the stock is currently owned by institutional investors.

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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