Adam L. Miller Sells 6,000 Shares of Cornerstone OnDemand (CSOD) Stock

Cornerstone OnDemand (NASDAQ:CSOD) CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $44.67, for a total value of $268,020.00. Following the completion of the sale, the chief executive officer now directly owns 3,502,268 shares of the company’s stock, valued at approximately $156,446,311.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CSOD opened at $42.99 on Thursday. 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 12-month low of $33.24 and a 12-month high of $46.19.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Cornerstone OnDemand will post -0.4 EPS for the current year.

CSOD has been the subject of a number of research analyst reports. BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. 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 note on Wednesday, January 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Cornerstone OnDemand in a research note on Thursday, January 18th. Bank of America raised Cornerstone OnDemand from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $48.00 in a research note on Monday, January 22nd. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $44.00 price target on shares of Cornerstone OnDemand in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Cornerstone OnDemand presently has a consensus rating of “Hold” and an average price target of $45.00.

A number of institutional investors and hedge funds have recently bought and sold shares of CSOD. Legal & General Group Plc raised its holdings in Cornerstone OnDemand by 44.8% in the third quarter. Legal & General Group Plc now owns 27,080 shares of the software maker’s stock worth $1,099,000 after purchasing an additional 8,378 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Cornerstone OnDemand by 14.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 252,540 shares of the software maker’s stock worth $10,256,000 after purchasing an additional 31,529 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Cornerstone OnDemand in the third quarter worth $595,000. GSA Capital Partners LLP bought a new position in Cornerstone OnDemand in the third quarter worth $391,000. Finally, Bank of Montreal Can raised its holdings in Cornerstone OnDemand by 25.8% in the fourth quarter. Bank of Montreal Can now owns 41,538 shares of the software maker’s stock worth $1,467,000 after purchasing an additional 8,532 shares in the last quarter. Institutional investors and hedge funds own 97.49% of the company’s stock.

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About Cornerstone OnDemand

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.

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

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