Brokerages Set Cornerstone OnDemand, Inc. (CSOD) PT at $61.75

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has been given a consensus rating of “Buy” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $61.75.

CSOD has been the subject of several analyst reports. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Monday, February 18th. Goldman Sachs Group started coverage on shares of Cornerstone OnDemand in a report on Friday, February 1st. They issued a “neutral” rating and a $56.00 price objective for the company. TheStreet raised shares of Cornerstone OnDemand from a “d” rating to a “c” rating in a report on Wednesday, February 13th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $70.00 price target (up from $60.00) on shares of Cornerstone OnDemand in a research report on Wednesday, February 13th. Finally, DA Davidson began coverage on shares of Cornerstone OnDemand in a research report on Friday, February 1st. They issued a “buy” rating and a $65.00 price target on the stock.

In other Cornerstone OnDemand news, insider Adam J. Weiss sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $52.26, for a total transaction of $104,520.00. Following the sale, the insider now owns 103,873 shares in the company, valued at approximately $5,428,402.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $52.30, for a total value of $1,098,300.00. Following the sale, the chief executive officer now owns 3,195,434 shares in the company, valued at approximately $167,121,198.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,269 shares of company stock worth $9,016,684. 11.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of Cornerstone OnDemand by 130.0% in the 3rd quarter. SG Americas Securities LLC now owns 7,799 shares of the software maker’s stock valued at $443,000 after buying an additional 4,408 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cornerstone OnDemand by 10,564.1% in the third quarter. JPMorgan Chase & Co. now owns 1,183,075 shares of the software maker’s stock valued at $67,140,000 after buying an additional 1,171,981 shares during the period. Prudential Financial Inc. lifted its stake in Cornerstone OnDemand by 22.6% in the third quarter. Prudential Financial Inc. now owns 11,028 shares of the software maker’s stock valued at $626,000 after buying an additional 2,030 shares during the period. Bank of New York Mellon Corp lifted its stake in Cornerstone OnDemand by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 263,005 shares of the software maker’s stock valued at $14,926,000 after buying an additional 8,886 shares during the period. Finally, BlackRock Inc. lifted its stake in Cornerstone OnDemand by 3.6% in the third quarter. BlackRock Inc. now owns 3,760,456 shares of the software maker’s stock valued at $213,406,000 after buying an additional 132,229 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Shares of Cornerstone OnDemand stock traded down $0.19 during mid-day trading on Wednesday, hitting $54.59. 11,575 shares of the stock were exchanged, compared to its average volume of 471,397. Cornerstone OnDemand has a twelve month low of $37.74 and a twelve month high of $60.19. The stock has a market capitalization of $3.24 billion, a P/E ratio of -237.43 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.43 and a quick ratio of 1.43.

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 during the quarter, compared to analyst estimates of $129.91 million. Cornerstone OnDemand had a negative net margin of 6.29% and a negative return on equity of 28.62%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. As a group, analysts forecast that Cornerstone OnDemand will post -0.08 EPS for the current year.

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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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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