Zacks Investment Research Downgrades Cornerstone OnDemand (NASDAQ:CSOD) to Hold

Cornerstone OnDemand (NASDAQ:CSOD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California. “

Several other equities analysts have also recently weighed in on the company. BidaskClub cut Cornerstone OnDemand from a “sell” rating to a “strong sell” rating in a report on Tuesday. Mizuho cut Cornerstone OnDemand from a “buy” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $50.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Cornerstone OnDemand from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. JMP Securities lowered their price target on Cornerstone OnDemand from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, Barclays lowered their price target on Cornerstone OnDemand from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.78.

Shares of Cornerstone OnDemand stock traded up $1.06 during midday trading on Tuesday, hitting $31.56. The company had a trading volume of 963,386 shares, compared to its average volume of 1,324,812. The stock has a market capitalization of $1.81 billion, a P/E ratio of -394.50 and a beta of 1.49. Cornerstone OnDemand has a 52-week low of $22.22 and a 52-week high of $64.45. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day moving average of $36.20 and a 200 day moving average of $52.88.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Monday, February 24th. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $146.24 million. Cornerstone OnDemand had a positive return on equity of 35.30% and a negative net margin of 0.70%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. Equities research analysts forecast that Cornerstone OnDemand will post 1.33 EPS for the current year.

In other news, insider Adam J. Weiss sold 4,226 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $40.66, for a total transaction of $171,829.16. Following the completion of the transaction, the insider now owns 84,553 shares in the company, valued at $3,437,924.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mark Goldin sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $40.66, for a total value of $203,300.00. The disclosure for this sale can be found here. Insiders sold a total of 57,002 shares of company stock valued at $3,040,758 in the last quarter. 9.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Cornerstone OnDemand by 68.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 540 shares of the software maker’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Cornerstone OnDemand by 13.5% in the 4th quarter. Advisor Group Inc. now owns 1,734 shares of the software maker’s stock valued at $102,000 after acquiring an additional 206 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Cornerstone OnDemand by 15.6% in the 4th quarter. US Bancorp DE now owns 1,971 shares of the software maker’s stock valued at $115,000 after acquiring an additional 266 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Cornerstone OnDemand in the 4th quarter valued at about $140,000. Finally, Fieldpoint Private Securities LLC lifted its holdings in shares of Cornerstone OnDemand by 165.4% in the 4th quarter. Fieldpoint Private Securities LLC now owns 2,521 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,571 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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 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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