Cornerstone OnDemand (CSOD) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Cornerstone OnDemand (NASDAQ:CSOD) from a hold rating to a buy rating in a research note published on Friday.

Several other research analysts also recently issued reports on CSOD. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Wednesday, January 10th. Credit Suisse Group reiterated a buy rating and issued a $49.00 target price on shares of Cornerstone OnDemand in a research note on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a neutral rating to a buy rating and upped their target price for the stock from $42.00 to $48.00 in a research note on Monday, January 22nd. Piper Jaffray reiterated a hold rating and issued a $44.00 target price on shares of Cornerstone OnDemand in a research note on Tuesday, January 23rd. Finally, ValuEngine downgraded shares of Cornerstone OnDemand from a hold rating to a sell rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $44.56.

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NASDAQ:CSOD opened at $42.07 on Friday. Cornerstone OnDemand has a one year low of $33.24 and a one year high of $46.19. The company has a debt-to-equity ratio of 12.89, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $2,411.17, a P/E ratio of -60.10 and a beta of 0.58.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm 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 EPS for the current fiscal year.

In other news, COO Kirsten Maas Helvey sold 2,694 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $43.35, for a total transaction of $116,784.90. Following the completion of the transaction, the chief operating officer now directly owns 144,568 shares of the company’s stock, valued at $6,267,022.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Joseph Carter sold 6,958 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $43.35, for a total transaction of $301,629.30. The disclosure for this sale can be found here. Insiders have sold 105,960 shares of company stock valued at $4,465,284 over the last three months. 12.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Fund Management S.A. purchased a new position in shares of Cornerstone OnDemand during the fourth quarter valued at approximately $3,768,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Cornerstone OnDemand by 14.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 252,540 shares of the software maker’s stock valued at $10,256,000 after purchasing an additional 31,529 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Cornerstone OnDemand during the fourth quarter valued at approximately $52,352,000. Clearbridge Investments LLC raised its holdings in shares of Cornerstone OnDemand by 0.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,558,173 shares of the software maker’s stock valued at $90,380,000 after purchasing an additional 15,502 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cornerstone OnDemand by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 489,619 shares of the software maker’s stock valued at $17,298,000 after purchasing an additional 16,680 shares during the last quarter. 97.54% of the stock is owned by hedge funds and other 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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