Cornerstone OnDemand (CSOD) Lowered to “Buy” at BidaskClub

BidaskClub downgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Wednesday, January 10th. ValuEngine lowered Cornerstone OnDemand from a hold rating to a sell rating in a research report on Friday, February 2nd. William Blair reissued a market perform rating on shares of Cornerstone OnDemand in a research report on Wednesday, February 14th. B. Riley boosted their price target on Cornerstone OnDemand to $49.00 and gave the stock a buy rating in a research report on Wednesday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on Cornerstone OnDemand from $37.00 to $38.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand has an average rating of Hold and an average target price of $44.56.

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Cornerstone OnDemand (CSOD) opened at $39.17 on Tuesday. The company has a market capitalization of $2,446.95, a price-to-earnings ratio of -36.27 and a beta of 0.55. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.21 and a quick ratio of 1.21. Cornerstone OnDemand has a 1 year low of $33.24 and a 1 year high of $46.19.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $131.96 million during the quarter, compared to the consensus estimate of $132.12 million. Cornerstone OnDemand had a negative return on equity of 140.92% and a negative net margin of 12.73%. research analysts anticipate that Cornerstone OnDemand will post -0.4 earnings per share for the current year.

In related news, CEO Adam L. Miller sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the transaction, the chief executive officer now directly owns 3,502,640 shares of the company’s stock, valued at approximately $146,095,114.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam L. Miller sold 24,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $40.80, for a total value of $979,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,960 shares of company stock worth $4,223,184 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in CSOD. J. Goldman & Co LP acquired a new position in Cornerstone OnDemand during the 4th quarter valued at about $201,000. Trexquant Investment LP acquired a new position in Cornerstone OnDemand during the 3rd quarter valued at about $230,000. HBK Investments L P purchased a new stake in Cornerstone OnDemand during the 4th quarter valued at about $266,000. GSA Capital Partners LLP purchased a new stake in Cornerstone OnDemand during the 3rd quarter valued at about $391,000. Finally, Washington Capital Management Inc. grew its stake in Cornerstone OnDemand by 61.4% during the 4th quarter. Washington Capital Management Inc. now owns 11,300 shares of the software maker’s stock valued at $399,000 after purchasing an additional 4,300 shares during the last quarter. 97.54% of the stock is currently owned by institutional investors.

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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 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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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