Adam L. Miller Sells 25,320 Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Stock

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 25,320 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $53.96, for a total value of $1,366,267.20. Following the sale, the chief executive officer now owns 2,441,258 shares in the company, valued at $131,730,281.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adam L. Miller also recently made the following trade(s):

  • On Wednesday, December 19th, Adam L. Miller sold 21,000 shares of Cornerstone OnDemand stock. The stock was sold at an average price of $52.13, for a total value of $1,094,730.00.

CSOD traded down $0.21 during trading on Friday, hitting $55.17. 840,246 shares of the company’s stock traded hands, compared to its average volume of 427,377. 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 12-month low of $37.74 and a 12-month high of $60.19. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -239.87 and a beta of 1.15.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $129.91 million. Cornerstone OnDemand had a negative return on equity of 28.62% and a negative net margin of 6.29%. Cornerstone OnDemand’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. As a group, research analysts forecast that Cornerstone OnDemand, Inc. will post -0.08 EPS for the current year.

A number of large investors have recently bought and sold shares of CSOD. Bank of Montreal Can increased its position in Cornerstone OnDemand by 4.9% during the 3rd quarter. Bank of Montreal Can now owns 38,907 shares of the software maker’s stock valued at $2,207,000 after buying an additional 1,831 shares in the last quarter. Aperio Group LLC increased its position in Cornerstone OnDemand by 11.1% during the 3rd quarter. Aperio Group LLC now owns 22,490 shares of the software maker’s stock valued at $1,276,000 after buying an additional 2,250 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Cornerstone OnDemand by 15.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 334,908 shares of the software maker’s stock valued at $19,013,000 after purchasing an additional 44,717 shares during the last quarter. American Century Companies Inc. boosted its stake in Cornerstone OnDemand by 168.0% during the 3rd quarter. American Century Companies Inc. now owns 162,144 shares of the software maker’s stock valued at $9,202,000 after purchasing an additional 101,642 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Cornerstone OnDemand by 3.6% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 70,741 shares of the software maker’s stock valued at $4,015,000 after purchasing an additional 2,460 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors and hedge funds.

CSOD has been the subject of several recent analyst reports. JMP Securities restated a “buy” rating and set a $65.00 target price on shares of Cornerstone OnDemand in a research report on Sunday, February 17th. Goldman Sachs Group assumed coverage on Cornerstone OnDemand in a report on Friday, February 1st. They issued a “neutral” rating and a $56.00 price objective for the company. Zacks Investment Research upgraded Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, January 8th. Needham & Company LLC restated a “strong-buy” rating and set a $70.00 target price (up from $60.00) on shares of Cornerstone OnDemand in a report on Wednesday, February 13th. Finally, Bank of America increased their target price on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $61.75.

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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.

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

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