Cornerstone OnDemand, Inc. (CSOD) Receives Consensus Rating of “Buy” from Analysts

Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) have been given a consensus rating of “Buy” by the fifteen analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $61.55.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Goldman Sachs Group assumed coverage on Cornerstone OnDemand in a research note on Friday, February 1st. They set a “neutral” rating and a $56.00 target price on the stock. TheStreet raised Cornerstone OnDemand from a “d” rating to a “c” rating in a research note on Wednesday, February 13th. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Cornerstone OnDemand in a research note on Wednesday, February 13th. Finally, DA Davidson assumed coverage on Cornerstone OnDemand in a research note on Friday, February 1st. They set a “buy” rating and a $65.00 target price on the stock.

NASDAQ:CSOD opened at $52.32 on Friday. Cornerstone OnDemand has a 12-month low of $41.97 and a 12-month high of $60.19. The company has a market cap of $3.09 billion, a P/E ratio of -227.48 and a beta of 1.14. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 5.99.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts expect that Cornerstone OnDemand will post -0.08 EPS for the current fiscal year.

In other news, CEO Adam L. Miller sold 4,562 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $56.91, for a total value of $259,623.42. Following the sale, the chief executive officer now owns 2,450,140 shares of the company’s stock, valued at approximately $139,437,467.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $54.34, for a total value of $1,141,140.00. Following the completion of the sale, the chief executive officer now directly owns 2,437,034 shares in the company, valued at approximately $132,428,427.56. The disclosure for this sale can be found here. Insiders have sold a total of 148,927 shares of company stock worth $8,341,896 in the last ninety days. 11.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CSOD. Advisor Group Inc. raised its stake in shares of Cornerstone OnDemand by 164.0% in the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock worth $43,000 after buying an additional 528 shares in the last quarter. IFP Advisors Inc raised its position in shares of Cornerstone OnDemand by 245.0% during the fourth quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock worth $54,000 after purchasing an additional 767 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Cornerstone OnDemand during the fourth quarter worth $155,000. Hsbc Holdings PLC acquired a new stake in shares of Cornerstone OnDemand during the third quarter worth $234,000. Finally, National Asset Management Inc. acquired a new stake in shares of Cornerstone OnDemand during the fourth quarter worth $239,000. 93.16% of the stock is currently owned by institutional investors.

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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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