Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 10,485 shares of the company’s 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 sale, the chief executive officer now owns 2,418,458 shares of the company’s stock, valued at approximately $132,338,021.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CSOD stock traded up $0.99 during trading hours on Thursday, reaching $55.56. 588,615 shares of the company’s stock were exchanged, compared to its average volume of 431,568. The company has a market cap of $3.23 billion, a PE ratio of -241.57 and a beta of 1.15. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 5.99. Cornerstone OnDemand, Inc. has a fifty-two week low of $37.74 and a fifty-two week high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $138.25 million for the quarter, compared to the consensus estimate of $129.91 million. Cornerstone OnDemand had a negative return on equity of 28.62% and a negative net margin of 6.29%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts forecast that Cornerstone OnDemand, Inc. will post -0.08 earnings per share for the current year.
A number of research firms have weighed in on CSOD. Needham & Company LLC restated a “strong-buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th. BidaskClub upgraded Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Bank of America upped their price target on Cornerstone OnDemand from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. TheStreet raised Cornerstone OnDemand from a “d” rating to a “c” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Monday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Cornerstone OnDemand presently has an average rating of “Buy” and a consensus target price of $61.75.
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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.
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