Cornerstone OnDemand (NASDAQ:CSOD) Stock Price Down 5.1%

Cornerstone OnDemand, Inc. (NASDAQ:CSOD)’s stock price fell 5.1% on Monday . The company traded as low as $53.03 and last traded at $53.89, 891,191 shares changed hands during trading. An increase of 95% from the average session volume of 457,999 shares. The stock had previously closed at $56.81.

A number of research firms have weighed in on CSOD. Guggenheim began coverage on shares of Cornerstone OnDemand in a research note on Thursday, June 27th. They set a “buy” rating for the company. ValuEngine lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $63.00.

The company has a 50 day moving average of $58.99. The company has a market cap of $3.39 billion, a PE ratio of -234.30 and a beta of 1.02. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The company had revenue of $140.10 million during the quarter, compared to the consensus estimate of $135.51 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Cornerstone OnDemand, Inc. will post -0.06 earnings per share for the current year.

In other news, CEO Adam L. Miller sold 75,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $61.05, for a total value of $4,578,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,253,358 shares in the company, valued at $137,567,505.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam J. Weiss sold 5,304 shares of Cornerstone OnDemand stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $58.21, for a total transaction of $308,745.84. The disclosure for this sale can be found here. Insiders sold 186,706 shares of company stock valued at $10,760,601 over the last quarter. Company insiders own 9.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. GWM Advisors LLC purchased a new stake in Cornerstone OnDemand during the second quarter valued at $372,000. Meeder Asset Management Inc. purchased a new stake in Cornerstone OnDemand during the second quarter valued at $129,000. Hillsdale Investment Management Inc. raised its stake in Cornerstone OnDemand by 29.6% during the second quarter. Hillsdale Investment Management Inc. now owns 14,000 shares of the software maker’s stock valued at $811,000 after purchasing an additional 3,200 shares in the last quarter. Mondrian Capital Management LLC purchased a new stake in Cornerstone OnDemand during the second quarter valued at $3,765,000. Finally, Swiss National Bank raised its stake in Cornerstone OnDemand by 9.4% during the second quarter. Swiss National Bank now owns 93,400 shares of the software maker’s stock valued at $5,411,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Cornerstone OnDemand Company Profile (NASDAQ:CSOD)

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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