Cornerstone OnDemand Inc. (NASDAQ:CSOD) has been assigned a $37.00 price objective by analysts at Stephens in a research note issued to investors on Sunday. The firm currently has a “hold” rating on the stock. Stephens’ target price would indicate a potential downside of 0.86% from the company’s previous close.
A number of other research firms have also recently weighed in on CSOD. JPMorgan Chase & Co. cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Wednesday, November 2nd. They noted that the move was a valuation call. Needham & Company LLC reissued a “strong-buy” rating and issued a $52.00 price objective on shares of Cornerstone OnDemand in a research note on Monday, October 10th. Zacks Investment Research raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Bank of America Corp. reissued a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. Finally, Wunderlich reduced their price objective on shares of Cornerstone OnDemand from $51.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.71.
Cornerstone OnDemand (NASDAQ:CSOD) traded up 0.08% during trading on Friday, reaching $37.32. The company’s stock had a trading volume of 105,381 shares. The company’s market cap is $2096.90 billion. Cornerstone OnDemand has a 12 month low of $22.25 and a 12 month high of $47.75. The stock’s 50-day moving average is $39.08 and its 200 day moving average is $41.57.
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 analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $107.80 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted ($0.05) earnings per share. On average, equities analysts forecast that Cornerstone OnDemand will post $0.06 EPS for the current fiscal year.
In other Cornerstone OnDemand news, COO Kirsten Maas Helvey sold 6,084 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $46.00, for a total value of $279,864.00. Following the sale, the chief operating officer now directly owns 70,199 shares in the company, valued at approximately $3,229,154. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R C. Mark Baker sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $46.90, for a total transaction of $187,600.00. Following the completion of the sale, the director now owns 22,000 shares in the company, valued at $1,031,800. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of CSOD. Eagle Asset Management boosted its stake in Cornerstone OnDemand by 56.5% in the third quarter. Eagle Asset Management now owns 3,217,198 shares of the company’s stock valued at $106,166,000 after buying an additional 1,161,619 shares during the period. RGM Capital LLC boosted its stake in Cornerstone OnDemand by 102.5% in the first quarter. RGM Capital LLC now owns 2,253,772 shares of the company’s stock valued at $73,856,000 after buying an additional 1,140,639 shares during the period. Hunt Lane Capital LP bought a new stake in Cornerstone OnDemand during the first quarter valued at $28,641,000. Victory Capital Management Inc. bought a new stake in Cornerstone OnDemand during the third quarter valued at $32,626,000. Finally, Peregrine Capital Management LLC bought a new stake in Cornerstone OnDemand during the third quarter valued at $32,184,000. Hedge funds and other institutional investors own 89.80% of the company’s stock.
Cornerstone OnDemand Company Profile