Cornerstone OnDemand, Inc. (CSOD) CEO Sells $411,520.00 in Stock

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $51.44, for a total value of $411,520.00. Following the sale, the chief executive officer now directly owns 3,337,834 shares of the company’s stock, valued at approximately $171,698,180.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cornerstone OnDemand stock traded down $1.27 during mid-day trading on Thursday, hitting $49.91. 19,841 shares of the company’s stock traded hands, compared to its average volume of 520,372. Cornerstone OnDemand, Inc. has a fifty-two week low of $33.57 and a fifty-two week high of $59.18. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -71.30 and a beta of 0.86. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $132.52 million during the quarter, compared to the consensus estimate of $128.33 million. Cornerstone OnDemand had a negative return on equity of 79.03% and a negative net margin of 10.03%. As a group, equities analysts anticipate that Cornerstone OnDemand, Inc. will post -0.33 earnings per share for the current fiscal year.

CSOD has been the subject of several research reports. Needham & Company LLC raised their price target on Cornerstone OnDemand to $65.00 and gave the company a “strong-buy” rating in a report on Monday, July 23rd. Zacks Investment Research downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. BidaskClub downgraded Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. ValuEngine downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Piper Jaffray Companies raised Cornerstone OnDemand from a “neutral” rating to an “overweight” rating and raised their price target for the company from $46.00 to $60.00 in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.09.

Hedge funds have recently bought and sold shares of the business. Strs Ohio increased its position in Cornerstone OnDemand by 175.0% during the 2nd quarter. Strs Ohio now owns 3,300 shares of the software maker’s stock worth $156,000 after buying an additional 2,100 shares during the period. Sun Life Financial INC bought a new position in Cornerstone OnDemand during the 2nd quarter worth $167,000. Global X Management Co LLC bought a new position in Cornerstone OnDemand during the 2nd quarter worth $167,000. We Are One Seven LLC bought a new position in Cornerstone OnDemand during the 3rd quarter worth $259,000. Finally, Atria Investments LLC bought a new position in Cornerstone OnDemand during the 2nd quarter worth $265,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.

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.

Recommended Story: Moving Average (MA)

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

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply