Stock analysts at Berenberg Bank started coverage on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a research report issued on Wednesday, The Fly reports. The firm set a “buy” rating and a $61.00 price target on the software maker’s stock. Berenberg Bank’s price target would suggest a potential upside of 14.99% from the company’s previous close.
Several other research firms have also recently commented on CSOD. DA Davidson reissued a “buy” rating on shares of Cornerstone OnDemand in a research note on Wednesday, May 5th. BMO Capital Markets lowered their target price on Cornerstone OnDemand from $63.00 to $50.00 and set a “market perform” rating for the company in a research note on Friday, May 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Wednesday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.00.
Cornerstone OnDemand stock opened at $53.05 on Wednesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $3.51 billion, a P/E ratio of -86.97, a PEG ratio of 1.59 and a beta of 1.29. Cornerstone OnDemand has a one year low of $32.99 and a one year high of $55.50. The stock’s 50 day moving average is $46.51.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, May 6th. The software maker reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Cornerstone OnDemand had a positive return on equity of 59.68% and a negative net margin of 4.83%. The business had revenue of $209.30 million during the quarter, compared to the consensus estimate of $204.22 million. During the same quarter last year, the company earned $0.23 EPS. Cornerstone OnDemand’s revenue was up 39.4% on a year-over-year basis. On average, sell-side analysts anticipate that Cornerstone OnDemand will post 2.13 EPS for the current year.
In other Cornerstone OnDemand news, insider Adam J. Weiss sold 6,000 shares of the business’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $52.52, for a total value of $315,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mark Goldin sold 1,600 shares of the business’s stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $45.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 125,083 shares of the company’s stock, valued at $5,628,735. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,890 shares of company stock valued at $2,536,548. 7.00% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. bought a new stake in Cornerstone OnDemand during the first quarter worth about $45,000. Oder Investment Management LLC bought a new stake in Cornerstone OnDemand in the fourth quarter valued at approximately $65,000. Twin Lakes Capital Management LLC bought a new stake in Cornerstone OnDemand in the first quarter valued at approximately $105,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Cornerstone OnDemand in the fourth quarter valued at approximately $128,000. Finally, Royal Bank of Canada raised its stake in Cornerstone OnDemand by 180.7% in the first quarter. Royal Bank of Canada now owns 4,485 shares of the software maker’s stock valued at $195,000 after buying an additional 2,887 shares during the period. Institutional investors own 85.86% of the company’s stock.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and people development solutions as software-as-a-service worldwide. Its enterprise people development solutions comprise learning solutions, which provide learning management software to scale with the organization and support compliance, knowledge sharing, and employee-driven development training to close skills gaps; content solution, which provides learning content from its own studios and various quality partners; performance solutions, which provide tools to manage goal setting, performance reviews, competency assessments, compensation management, and succession planning; careers solution, which helps employees understand how to get from their current position to future strategic roles with continuous feedback, goal setting, development plans, career exploration, and engagement survey tools; recruiting solutions, which help organizations to attract, hire, and onboard the right employees; and HR solution, which provides an aggregated view of employee data with workforce planning, self-service management, and compliance reporting capabilities.
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