Cornerstone OnDemand, Inc. (CSOD) Given Average Rating of “Hold” by Analysts

Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $42.75.

A number of research firms have weighed in on CSOD. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised shares of Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research note on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Cornerstone OnDemand in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, November 9th.

Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $35.35 on Thursday. Cornerstone OnDemand has a one year low of $33.24 and a one year high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $121.80 million for the quarter, compared to analysts’ expectations of $118.95 million. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. equities research analysts anticipate that Cornerstone OnDemand will post -0.66 earnings per share for the current year.

Cornerstone OnDemand declared that its Board of Directors has approved a share repurchase program on Wednesday, November 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In related news, Director R C. Mark Baker sold 3,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $36.95, for a total value of $110,850.00. Following the transaction, the director now owns 25,850 shares in the company, valued at $955,157.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Harold W. Burlingame sold 2,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the transaction, the director now owns 48,150 shares in the company, valued at approximately $1,926,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock worth $1,506,190. 12.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CSOD. Soma Equity Partners LP lifted its holdings in Cornerstone OnDemand by 260.3% in the third quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock valued at $36,468,000 after buying an additional 648,773 shares during the period. Eagle Asset Management Inc. lifted its holdings in Cornerstone OnDemand by 40.9% in the second quarter. Eagle Asset Management Inc. now owns 2,123,957 shares of the software maker’s stock valued at $75,931,000 after buying an additional 616,269 shares during the period. Alyeska Investment Group L.P. lifted its holdings in Cornerstone OnDemand by 116.7% in the third quarter. Alyeska Investment Group L.P. now owns 1,027,302 shares of the software maker’s stock valued at $41,719,000 after buying an additional 553,191 shares during the period. First Trust Advisors LP lifted its holdings in Cornerstone OnDemand by 25.2% in the second quarter. First Trust Advisors LP now owns 1,538,235 shares of the software maker’s stock valued at $54,992,000 after buying an additional 309,331 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Cornerstone OnDemand in the second quarter valued at $6,624,000. Institutional investors and hedge funds own 95.89% of the company’s stock.

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Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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