Trading Report: The Cornerstone OnDemand Inc. (CSOD) gets Neutral status at JPMorgan Chase & Co.

The Cornerstone OnDemand Inc. (CSOD) gets Neutral status at JPMorgan Chase & Co.

Cornerstone OnDemand Inc. (NASDAQ:CSOD) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They presently have a $40.00 target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 7.18% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other research firms also recently weighed in on CSOD. Needham & Company LLC reiterated a “strong-buy” rating and issued a $52.00 target price on shares of Cornerstone OnDemand in a research note on Monday, October 10th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Bank of America Corp. reiterated a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. First Analysis lifted their target price on shares of Cornerstone OnDemand from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Finally, Barclays PLC upgraded shares of Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $32.00 to $44.00 in a research note on Friday, July 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.71.

Cornerstone OnDemand (NASDAQ:CSOD) traded up 0.08% during trading on Wednesday, reaching $37.32. 105,381 shares of the company were exchanged. Cornerstone OnDemand has a one year low of $22.25 and a one year high of $47.75. The firm’s 50-day moving average is $39.08 and its 200 day moving average is $41.57. The company’s market capitalization is $2.10 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, November 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm earned $107.80 million during the quarter, compared to the consensus estimate of $104.64 million. Cornerstone OnDemand had a negative net margin of 16.36% and a negative return on equity of 364.65%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. On average, analysts anticipate that Cornerstone OnDemand will post $0.06 EPS for the current fiscal year.

In related news, Director R C. Mark Baker sold 4,000 shares of Cornerstone OnDemand stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $46.90, for a total value of $187,600.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $1,031,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Kirsten Maas Helvey sold 2,500 shares of Cornerstone OnDemand stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $44.00, for a total transaction of $110,000.00. Following the completion of the transaction, the chief operating officer now directly owns 76,283 shares in the company, valued at $3,356,452. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hunt Lane Capital LP purchased a new position in shares of Cornerstone OnDemand during the first quarter valued at approximately $28,641,000. Victory Capital Management Inc. purchased a new position in shares of Cornerstone OnDemand during the third quarter valued at approximately $32,626,000. Peregrine Capital Management LLC purchased a new position in shares of Cornerstone OnDemand during the third quarter valued at approximately $32,184,000. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Cornerstone OnDemand during the third quarter valued at approximately $17,306,000. Finally, RS Investment Management Co. LLC purchased a new position in shares of Cornerstone OnDemand during the second quarter valued at approximately $13,813,000. 89.80% of the stock is currently owned by institutional investors.

Cornerstone OnDemand Company Profile

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