Adam L. Miller Sells 10,485 Shares of Cornerstone OnDemand, Inc. (CSOD) Stock

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Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 10,485 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $54.72, for a total value of $573,739.20. Following the completion of the transaction, the chief executive officer now owns 2,418,458 shares in the company, valued at $132,338,021.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ CSOD opened at $53.41 on Friday. Cornerstone OnDemand, Inc. has a 12 month low of $37.74 and a 12 month high of $60.19. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.43 and a quick ratio of 1.43.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Cornerstone OnDemand had a negative return on equity of 28.62% and a negative net margin of 6.29%. The business had revenue of $138.25 million during the quarter, compared to analyst estimates of $129.91 million. During the same period in the prior year, the firm posted $0.19 EPS. Cornerstone OnDemand’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cornerstone OnDemand, Inc. will post -0.08 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Cornerstone OnDemand by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,738,027 shares of the software maker’s stock valued at $268,882,000 after purchasing an additional 159,877 shares during the last quarter. Vanguard Group Inc increased its position in shares of Cornerstone OnDemand by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 4,738,027 shares of the software maker’s stock valued at $268,882,000 after purchasing an additional 159,877 shares during the last quarter. BlackRock Inc. increased its position in shares of Cornerstone OnDemand by 4.6% during the 4th quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock valued at $198,271,000 after purchasing an additional 171,143 shares during the last quarter. Praesidium Investment Management Company LLC increased its position in shares of Cornerstone OnDemand by 7.4% during the 4th quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock valued at $173,587,000 after purchasing an additional 237,527 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Cornerstone OnDemand by 7.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,762,049 shares of the software maker’s stock valued at $156,746,000 after purchasing an additional 184,277 shares during the last quarter. 92.24% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on CSOD shares. BidaskClub raised Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Bank of America increased their price target on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. JMP Securities reissued a “buy” rating and issued a $65.00 price target on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. Finally, DA Davidson started coverage on Cornerstone OnDemand in a research report on Friday, February 1st. They issued a “buy” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.75.

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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.

Further Reading: Return on Investment (ROI) Defined, Explained

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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